FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
The Most Effective and Cost-Efficient SRO for Advisors? FINRA
By Dale BrownFragmented oversight constitutes a serious risk for the Main Street investor; the established SRO is the best way to ameliorate that risk.
April 27, 2012
FINRA to Hike BD Fees in Effort to Recoup ‘Significant Loss’FINRA CEO Richard Ketchum told BDs that the broader economic downturn "has led to a decrease in FINRAs revenues and resulted in a significant loss for fiscal year 2011.
April 24, 2012
How to Make Your Voice Heard With Regulators in Your Own BackyardA good way to engage regulators and make a difference is by participating in FINRA District Committees, as FSI member Wilson WIlliams is doing.
April 13, 2012
Bachus to Introduce SRO Redraft Early Next Week: Industry OfficialsHouse Financial Services Chairman Spencer Bachus (left), R-Ala., plans to introduce a redraft of his bill calling for a self-regulatory organization for advisors early next week, according to three top industry officials in Washington.
April 12, 2012
FINRA, SEC Fine Goldman $22M for ‘Trading Huddles’The firm settled over failure to supervise research analysts who met with traders and clients, and to monitor possible subsequent firm and client trading, said FINRA's head of enforcement, Brad Bennett.
April 12, 2012
Bachus to Introduce SRO Redraft Early Next Week: Industry OfficialsRep. Bachus' revised bill comes despite economic analysis saying SRO would cost twice as much as funding the SEC.
April 12, 2012
FINRA Proposes New Way to Expunge Names of Reps in ArbitrationsRegistered reps who are involved, but not named, in customer-initiated arbitration cases may have a new means of clearing those allegations, if proposed new rules go into effect. Comments due May 21.
April 05, 2012
FINRA Panel: David Lerner Associates Sold Marked-Up Munis, CMOsA FINRA hearing panel ruled on Wednesday that Long Island-based David Lerner Associates charged excessive markups on municipal bond and CMO transactions over a two-year period.