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Finra files rule clarifying where Reg BI supersedes suitability standard
Broker-dealer regulator says Reg BI will clamp down on sales contests
SEC bars former wirehouse broker over $1.6 million fraud
The former rep at Wells Fargo and Morgan Stanley was sentenced to 30 months in prison last month
Advisers working from home increases compliance risks
As the coronavirus leads more to work remotely, supervision and the archiving of communications with clients become critical
SEC sanctions twice-barred Colorado broker
The commission said the adviser solicited securities without the knowledge of his employer
Market volatility likely to lead to outbreak of Finra arb cases
Arbitration experts say similar market disruptions in the past resulted in more investor claims against brokers
Broker-dealers must stay on their toes amid coronavirus: Finra
B-Ds should consider having employees and advisers work remotely or from home due to the pandemic, regulator says
Rep used DOL rule as cover to take $150,000 from VAs: Finra
The self-regulatory agency this week barred registered rep Louis Cook
Study shows softening of Finra enforcement last year
Law firm Eversheds Sutherland says fines, restitution, cases decreased; Finra touts the quality of its cases
Lawsuit questions Finra’s ability to bar brokers
The argument hinges on whether a lifetime sanction is a punitive or remedial punishment
SEC fines Wells Fargo $35 million for unsuitable sales of complex products
Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty
Weak state oversight of insurance sales hurts investors and advisers
Insurance salespeople had a part in selling the $1.2 billion Woodbridge Ponzi
Finra launches targeted exam of zero-fees brokerages
The regulator is probing whether firms are giving customers best execution of trades
Pershing ordered to pay $5.6 million to Stanford Ponzi victims
The claimants, mostly retirement savers, alleged Pershing allowed the rip-off
Finra arbitrators award $2.1 million to four former Credit Suisse reps
The loss is another in a string of setbacks for the firm on deferred compensation disputes
Finra proposes making regulatory continuing education an annual requirement
New approach also would allow previously registered brokers to remain in the industry through CE
State regulators propose continuing education for investment adviser reps
NASAA wants to close the regulatory gap between IARs and other financial advice professionals
Finra seeks minimum expungement fees of several thousand dollars
Proposal aims to raise bar for brokers to clear their records, but a lawyer for investors says it only will fill Finra's coffers
Cybersecurity rules can create compliance challenges
National standards would be preferable to a patchwork of state-by-state rules when it comes to dealing with rapidly evolving cyberthreats
Brokerage groups spend more on lobbying than adviser organizations
The top issues that groups targeted for Capitol Hill influence were the SECURE Act and a financial transactions tax
Finra proposal to clamp down on firms, reps with unpaid arb awards moves forward
Rule would restrict movement of brokers or firms’ assets if arbitration claims are pending
