FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
From FINRA Case, a Cautionary Tale on Immediate Annuities—Compliance Watch
By Elizabeth D. FestaA FINRA arbitration panel recently decided in favor of a broker against his former BD in a dispute over a U4 involving an examination over advertisements for a fixed annuity product.
June 27, 2011
SEC, FINRA Exam Officials Lay Out Priorities, Areas of ConcernThe new head of the SEC's national broker-dealer exam program said Monday that two big areas of focus for the SEC are variable annuities and firms’ supervisory policies.
June 23, 2011
FINRA to Stay Aggressive, Focus on Structured Products—Compliance WatchAt times of great market volatility, says FINRA's Brad Bennett, suitability and marketing problems rise.
June 23, 2011
Why the Survival of Independent Advice Giving Is at StakeMercer Bullard's new SRO may be the last, best hope for the independent advice business.
June 23, 2011
Morgan Keegan to Pay $200 Million Over Bond Fund AllegationsMorgan Keegan & Company will pay $200 million to settle allegations of exaggerated claims, failures in supervision and undisclosed investment risks, the Financial Industry Regulatory Authority announced Wednesday.
June 20, 2011
FINRA to Share Details on New Back-Office Staff RulesThe SEC approved the rules that require registration, testing and continuing education of some operations staff and supervisors on June 16.
June 20, 2011
3 Lessons From Advisor’s FINRA Win Over BofA-MerrillFINRA ordered BofA-Merrill Lynch to pay one of its former advisors about $1.5 million in damages and change his Form U5 last week, and Patrick Burns, a lawyer, shares what that decision means for advisors.
June 20, 2011
Three Lesson from FA’s $1.5 Mil FINRA Win Over MerrillFINRA ordered Bank of America-Merrill Lynch to pay one of its former financial advisors about $1.5 million in compensatory damages and change…