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Finra reports 10% rise in 2019 compensation
The regulator warns broker-dealers of a gradual move to increase fees
Finra board approves enforcement tech upgrade
The panel also advanced a proposal to target exam cheating and pledged to increase the diversity of its membership
Ex-Raymond James broker faces criminal charges for defrauding elderly customers
The SEC filed a parallel civil complaint against Frederick M. Stow for stealing nearly $1 million
SEC approves Finra rule setting minimum fee for expungement requests
New floor of about $8,300 is meant to end the ‘$1 trick’ for brokers seeking quick clearing of records
Finra’s fine proceeds to upgrade technology, track trading, educate investors
The self-regulator used $39.5 million in fines plus another $31.6 million from reserves for the initiatives
Finra adds human resources officer
Rainia Washington becomes the lone African-American executive at the regulator
Finra orders Merrill Lynch to pay $7.2 million over mutual fund overcharges
The brokerage reimbursed customers a year ago, earning a break on sanctions for cooperation
The sound of silence
Regulation BI must be implemented by June 30, so why aren’t we hearing more about how brokerages are going to change the way they deliver investment advice?
Finra orders Stifel to pay $3.6 million for violations in sales of unit investment trusts
About $1.9 million goes to harmed customers, an emphasis for the new Finra enforcement director
Finra changes membership process to curb the ability to sidestep arbitration awards
New rules target brokers with pending claims that are switching firms or trying to transfer assets
Industry arbitration claims spike as coronavirus disruptions continue
Promissory note cases lead the way, signaling potential ‘employment upheaval’
Trade group sues SEC to stop collection of retail investor data
SEC goes too far in gathering names, addresses and birth years for new market surveillance system, group argues
Finra extends postponement of in-person arbitration hearings through July 31
Zoom and telephonic hearings can be requested by parties or mandated by arbitrators
Finra clarifies sales contest restrictions for proposal to align suitability, Reg BI
Competition is okay if it involves general categories of investments rather than specific products
Finra suspends broker-dealer it previously charged with fraudulent markups
The regulator charged Sandlapper Securities in 2017 with exorbitant markups of securities
Lawyers slow to embrace Zoom for Finra arbitration hearings
In-person sessions, suspended during the pandemic, allow for better presentation of evidence and arguments, they say
Finra delays launch of online securities licensing exams
An update on the regulator's website says more time needed for system testing
Finra projects operating loss, potential drawdown of reserves
Broker self-regulator says it will not increase regulatory fees for member firms this year
Finra slashes mediation fees in response to coronavirus shutdown
Mediators will work remotely for $100 an hour; so far, 85 agree to participate
Remote securities license testing could create new normal
Finra and state administrators are set to launch online testing for Series 6, 7, 63, 65 and 66 exams
