FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
SEC, FINRA, State Exam Execs Lay Out Priorities
By Melanie WaddellPriorities include conflicts of interest, email retention, cybersecurity and some specific products, the executives said at the IRI legal and regulatory conference.
June 04, 2013
FINRA’s New Public Arbitrator Rules Make Little Sense: Compliance ProsCompliance professionals are questioning the merits of new FINRA rules that prevent people associated with mutual funds and hedge funds from serving as public arbitrators.
June 04, 2013
FINRA Whacks Wells Fargo, Merrill Lynch $5M Over Unsuitable Floating-Rate Bank Loan FundsFirms were fined $2.15 million and ordered to pay $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds.
May 31, 2013
15 Best Finance Tweets of the Month: MayPIMCOs Bill Gross, Zero Hedge and others weigh in on Fed Chairman Ben Bernankes congressional testimony; Ron Rhoades tells us what he really thinks about FINRA; and more in your May dispatch from the Twittersphere.
May 29, 2013
Tip of the Iceberg: Email Problem Is Bigger Than LPLFINRA should lighten up on the accusations and fines, and work with firms to find better solutions to what seems to be a hugeand snowballingproblem.
May 24, 2013
FINRA on Record Enforcement Pace in ’13, Enforcement Chief SaysFINRA enforcement continues to have a strong caseload, with a record number of cases on the same pace this year as last, said Brad Bennett, FINRAs chief of enforcement.
May 23, 2013
SEC, FINRA Enforcement: Father, Son Cherry-Picking Scheme; South Miami in Muni-Bond FraudRecent enforcement actions include charges against a father and son for making undeclared trades and then cherry-picking the profitable ones, and charges against the city of South Miami for defrauding investors on muni bonds.
May 22, 2013
FINRA to SEC: Act on fiduciary, or we’ll make our own disclosure rulesFINRA CEO Richard Ketchum called on the SEC to act quickly to put brokers and advisors under a uniform fiduciary standard.