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Finra’s fines don’t match the crimes, critics say
Claim possible appointment of SRO to oversee advisers could end up costing investors; regulator insists it's 'natural organization to be part of the solution'
Morgan Keegan on the block after $210M settlement?
Morgan Keegan could be on the block after reaching a $210M settlement with regulators over valuations of subprime mortgages in mutual funds; 39,000 investors lost $1.5 billion.
Finra oversight of advisers gaining ‘mo
A parade of Industry experts and regulators testified in front on a Congressional panel today on whether investment advisers need a self-regulatory organization. The upshot? An SRO is necessary -- and Finra may be the best bet for the job.
States must work with Finra since self-regulation ‘not going away’: NASAA head
State regulators of investment advisers should reach out to Finra, which provides broker-dealer oversight, to ensure that advisers act in their clients' best interests, according to the new head of NASAA.
Adviser SRO bill to be aired at hearing
A congressional hearing Tuesday will revolve around draft legislation that would establish one or more self-regulatory organizations for investment advisers
Firms fined $910K over handling fees
Living up to its warnings, Finra has walloped five firms for overcharging for postage and handling
Finra small-firm campaign getting ugly
'Name calling,' 'conspiracy theories' spice up election for seat on board
Finra election deadlines set for next month
Interested in a seat on Finra's small firm advisory board or on one of its district committees? You have until Oct. 7 to submit a form to get your name on the ballot.
Surprise! U.S. Chamber takes swipe at Finra
In a surprise, the U.S. Chamber of Commerce slammed the self-regulatory organization in a report this week. In it, the business group claimed, among other things, that many Finra directors have 'limited or no experience working for a financial services firm.' .
<b>Buzz:</b> NAIFA backs Finra for adviser SRO
Lobbying in favor of a self-regulatory organization for investment advisers has gained momentum, with a major insurance organization calling on Congress to authorize Finra the to do the job.
NAIFA backs Finra for adviser SRO
Lobbying in favor of a self-regulatory organization for investment advisers has gained momentum, with a major insurance organization calling on Congress to authorize Finra the to do the job.
Nontraded REITs a hot property — but Finra warns investors
Regulator cites lack of liquidity and high fees; product sales remain brisk
Tough Finra proposal aims to bring nontraded-REIT pricing up to par
Regulator wants commissions subtracted right away from value shown on statements; 'pendulum has swung too far'
Finra wants faster valuations of nontraded REITs
Regulator prepares proposal after May complaint against David Lerner Associates; time it takes to get market valuations not up to par
Three-man race for Finra small-firm seat
Current governor Norensberg challenged by Davidson, Moloney; BofA's Krawcheck unopposed
FSI to back Moloney in Finra race
Influential group will endorse one of its own for small-firm seat; ramped-up regulations No.1 concern
SRO push is gaining momentum
The creation of a self-regulatory organization for investment advisers took a step forward last week when the Consumer Federation of America dropped its longtime opposition to the idea, saying that an SRO would be better than relying on the chronically underfunded SEC as a regulator
Citi settles case over assistant who allegedly stole from elderly and ill
Former registered sales assistant accused of misappropriating $750K from 22 clients in Palo Alto office
B-D to settle private-placement suits
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
B-D to pay clients $700K to settle private-placement suits
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition.
