FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Reaches for Feedback on Broker Comp Disclosure Rule
By Melanie WaddellFINRAs board announced Friday that it would seek comment on its controversial plan to require brokers to disclose their compensation packages to clients.
November 29, 2012
SEC, FINRA Enforcement Roundup: Fund Execs First to Face Charges of Overvaluing AssetsThree top executives of KCAP Financial Inc., a New York-based publicly traded fund being regulated as a business development company, have been charged by the SEC with overstating the funds assets during the financial crisis.a complaint against the president and owner of a Polish-born brokerage firm for targeting the Polish...
November 29, 2012
FINRA to Mull Broker Compensation Disclosure RuleDecember Board meeting will consider several rule proposals and amendments, chief among them a proposal that would require broker-dealers to disclose compensation packages to customers.
November 21, 2012
Commonwealth Outlines ‘Glide Path’ at MeetingGathered at their national conference in San Antonio in early November, Commonwealth Financial executives said they plan to give financial advisors more official options in how they do business with the independent broker-dealer, starting in the second quarter of 2013.
November 15, 2012
FINRA Boosts Transparency in TBA MarketFINRA has begun disseminating transaction information for the TBA market, which represents more than $270 billion traded on an average daily basis in 8,400 trades.
November 13, 2012
FINRA keeping busy with enforcing annuity sales misdeedsThe Financial Industry Regulatory Authority has been actively enforcing all manner of annuity transaction misdeeds nationwide.
November 09, 2012
FINRA Enforcement Roundup: Hudson Valley CEO Barred Over Sneaky Day Trading, FraudMark Gillis, the CEO of New York-based Hudson Valley Capital Management, was barred and his company expelled from the securities industry for defrauding its clearing firm and customers.
November 05, 2012
Commonwealth to Roll Out More IA Options in Early ’13The independent broker-dealer believes more flexibility on affiliation will help it attract more breakaway brokers and give its advisors and prospects more options.