FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA clarifies ‘customer’ and ‘investment strategy’ terms under suitability rule
By Melanie WaddellThe clarifications are updates to FINRA's Regulatory Notice 12-25, which was issued in May and provides guidance on the rule in a frequently asked questions format.
December 03, 2012
FINRA keeping busy with enforcing annuity sales misdeedsSuitability sales issues continue to be an problem for an aging nation, and the NAIC has weighed in after a Government Accountability Office (GAO) report warning on suitability questions involving insurance and investment product sales to veterans.
December 02, 2012
FINRA keeping busy with enforcing annuity sales misdeedsSuitability sales issues continue to be an problem for an aging nation, and the NAIC has weighed in after a Government Accountability Office (GAO) report warning on suitability questions involving insurance and investment product sales to veterans.
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.