FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA’s Ketchum: Complex Products Still Need ‘Heightened Supervision’
By Melanie WaddellDuring the SEC's National Compliance Outreach Program for Broker-Dealers, Ketchum pointed to three areas that FINRA was focusing on.
March 14, 2013
Wirehouses Embrace FINRA Broker Bonus PlanThree wirehouses have given their OK to FINRAs plan to require that brokers recruitment packages be disclosed when they switch firms.
March 14, 2013
SEC, FINRA Enforcement Roundup: Phony Broker Charged for Soliciting $500MAmong recent actions by the SEC and FINRA were charges against a private equity firm, a former executive and an unregistered broker over some $500 million in improper investment solicitations.
March 14, 2013
FINRA Fines Jump in Suitability, Due DiligenceFines issued by FINRA last year totaled $78.2 million, a 15% jump from the $68 million levied in 2011, according to the law firm Sutherland Asbill & Brennan.
March 07, 2013
SEC, FINRA Enforcement Roundup: 31 NFL Players Bilked by Broker’s Casino DealFINRA and the SEC recently acted on issues that included the fleecing of 31 NFL players via high-risk casino securities and a rep who conducted a Ponzi scheme under his firms nose.
March 06, 2013
FINRA’s Proposed Broker Recruitment Bonus Rule Makes Strange BedfellowsSIFMA and NAIFAs comment letters on FINRAs proposed rule on disclosing bonuses paid to brokers to switch BDs agree with me. Now Im worried.
March 06, 2013
FINRA’s Broker Bonus Rule Seen as ‘Done Deal’ With SIFMA OKSecurities lawyer Patrick Burns told AdvisorOne that with SIFMA's support, the proposals chances of becoming a new rule seem to be a done deal.
March 05, 2013
The Client Newsletter: Canned or Customized?The client newsletter costs money and time to produce, but fail to put it out and you have dispensed with a valuable communication tool.