FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
New Tool for BDs to Meet FINRA Rule 2111 on Suitability Standards
By Marlene Y. SatterIpreo launches new compliance certificate to meet revised suitability standard, establishing a BD's ability to exercise independent judgment.
December 28, 2011
Frank Not Acting Like Lame Duck; No Fan of SRO BillRep. Barney Frank, the straight-talking Massachusetts Democrat who serves as ranking member on the House Financial Services Committee, announced in late November that he wont seek re-election and plans to retire from Congress at the end of 2012.
December 28, 2011
FINRA Fines Credit Suisse $1.75 MillionFINRA announced Tuesday that it has fined Credit Suisse Securities $1.75 million for violating Regulation SHO and failing to properly supervise short sales of securities and marking of sale orders.
December 23, 2011
FINRA Fines Barclays Capital on SubprimesFINRA has fined Barclays Capital $3 million for misrepresenting delinquency data and for inadequate supervision in connection with the issuance of RMBS.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsIn a halting and nearly hoarse delivery, an apparently humbled Jon Corzine, the former chairman and CEO of the now bankrupt MF Global, testified Thursday before the House Agriculture Committee.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsThe former CEO of now-bankrupt MF Global says he was stunned' to learn about the missing $1.5 billion in client funds at commodities broker-dealer.
November 22, 2011
FINRA Fines Wells Investment Securities Over ‘Misleading’ REIT MaterialsFINRA fines Wells Investment Securities $300,000 over non-traded timberland REIT advertising and sales materials which contained 'misleading, unwarranted and exaggerated statements.'
November 09, 2011
FINRA Gave Corzine Waiver to Run MF GlobalWhen Jon Corzine returned to the securities business to run MF Global, he did so without requalifying or registering, as required by FINRA, because the agency gave him a waiver.