FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
MSRB Floats Muni Advisor Rule
By Melanie WaddellThe proposed rule strikes an appropriate balance" and is "workable for municipal advisors of all sizes, says MSRB.
December 27, 2013
FINRA Floats System to Automatically Flag Problems With Broker Sales PracticesRegulator seeks comments on proposed CARDS system that would gather data from firms and send to FINRA before conducting onsite exams.
December 20, 2013
FINRA Bars Advisor Over Nontraded REIT SalesGary Chackman worked in the business for 22 years, including time with LPL Financial, AXA and Summit.
December 19, 2013
Senators Prod FINRA for Broker Arb Expungement DataFINRA CEO Richard Ketchum has until Jan. 6 to tell senators how FINRA plans to address findings that it granted nearly all expungement requests.
December 18, 2013
SEC, FINRA Enforcement: Swiss-Based Firm Bilks U.S. Investors of $11MMeanwhile, FINRA fined Deutsche Bank Securities for deficiencies in its lending program while Argentus Securities was censured and fined on AML failures.
December 17, 2013
FINRA Creates Investor Issues CommitteeThe committee will advise senior FINRA staffers on proposed rulemaking and policy initiatives. Barbara Roper is one member.
December 09, 2013
FINRA Fines Oppenheimer & Co., Trader for Overcharging on Muni TradesOppenheimer, through its head trader, charged excessive markups on 89 transactions, FINRA says.
December 06, 2013
SEC, FINRA Enforcement: UBS, Merrill Fined for Disclosure FailuresMeanwhile, FINRA slapped J.P. Turner for unsuitable ETF sales, and the SEC charged a Miami trader with shorting a Chinese company ahead of its offering.