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SEC bound to protect less sophisticated investors
The following is an edited version of a speech given Sept. 12 by Elisse B. Walter, a member of the Securities and Exchange Commission, in Wichita, Kan., at the annual conference of the North American Securities Administrators Association Inc.
Behringer Harvard client wants answers after fund dropped 96%
It is more bad news for Behringer Harvard Holdings LLC, as an investor who saw the value of…
Finra issues a warning about senior designations
A warning this month from Finra could reignite concerns about the use of senior designations
Bank executive wins six-figure arb award over CBO losses
Finra awards bank executive $870,000 over suitability of TW Tax Advantaged Fund
Merrill to pay $1 million over Finra arbitration rules
Merrill Lynch will pay $1 million to settle Finra claims it circumvented rules that require arbitration before disputes go to court
Age bias suit filed by ex-Finra big tossed
Case appears to be headed for settlement after judge issues dismissal order; Reich was former NY district director
Finra shoots back at ex-director-turned-plaintiff
Regulator says Reich was fired because he failed to supervise subordinates or exercise leadership; he's suing for age discrimination
Finra hit with age discrimination suit: Report
A former district director filed a lawsuit against Finra. The cause? Reportedly, he claims he was terminated and replaced by a younger person.
Finra is expected to issue investor alert on nontraded BDCs
Securities regulators are taking a close and careful look at a fast-growing alternative investment known as a nontraded…
Regulators to scrutinize nontraded business development companies
Coming Finra investor alert for business development companies could highlight concerns similar to those of nontraded REITs
Behringer Harvard client wants answers after seeing fund drop by 96%
An investor has seen her real estate investment with Behringer Harvard Holdings drop by 96% and she is appealing to Finra for answers.
Finra eyes wholesalers’ role in vending
Wholesalers, watch out. Finra is taking a clear interest in wholesalers' roles in the sale of products…
SIFMA, Finra clash over deadbeat brokers
Increasingly, brokerages are being stiffed by ex-reps who were given hefty loans as recruiting incentives. SIFMA wants Finra to write a tougher rule to help battle deadbeat brokers. So far, no dice.
Finra taking an interest in wholesalers’ role in product sales
Finra's concerns over wholesalers include how well-trained the sales force is, what information they possess and the reasonable basis for suitability
Pacific West is ordered to pony up $2.1M over TICs
A broker-dealer that has said it will shut down has lost a multimillion-dollar arbitration, this time stemming from…
Editorial: A call for sunlight – with protections
PROVED TO BE TRUE time and again, Justice Louis Brandeis’ statement that “sunlight is the best disinfectant” has…
TIC investments come back to bite
In the wake of the real estate bust, tenant-in-common investments are coming back to bite the broker-dealers that…
Adviser charged in murder-for-profit scheme
Daniel E. Becerril II arrested Friday, slapped with four felony charges including murder.
Rare sighting: Finra panel orders plaintiffs to pay B-D for ‘frivolous’ claims
It doesn't happen very often. But on Wednesday, a Finra panel ordered a pair of investors to pay $75K for bringing 'frivolous' claims against a broker-dealer and one of its reps. The panel also admonished the duo for a 'bad-faith abuse of the Finra arbitration process.'
All-public panels are a hit with investors, Finra says
After nearly a full year, the Financial Industry Regulatory Authority Inc.'s program to let investor plaintiffs exclude industry…
