SEC Wants to Stem Liquidity Risk of Open-End Funds, ETFs
The growing use of less liquid funds requires the SEC to "look anew at liquidity management," Chairwoman Mary Jo White says.
Ex-Morgan Stanley Advisor Pleads Guilty to Taking Data
Galen Marsh faces as long as five years in prison after downloading details of 730,000 client accounts.
Canadian Groups Ask for Uniform Financial Planner Regs in Ontario
The IFIC and IIAC want financial planners to have one group regulating them in the province.
FINRA’s 5 Biggest Fine Categories in First Half of 2015
FINRA is on track to impose $75 million in fines this year, the second most since the financial crisis.
FINRA Floats Tougher Expungement Rules
FINRA arbitration panels would have to provide a more detailed rationale for granting a rep's request to have black marks wiped off their BrokerCheck report.
SEC, FINRA Enforcement: Newswire Hackers to Pay $30M
Meanwhile, a former Morgan Stanley broker pleaded guilty to trading on insider tips written on napkins.
As Cybersecurity Booms, So Do Investment Opportunities
A report by Bank of America Merrill Lynch examined investment opportunities in the cybersecurity industry, which is expected to double in size by 2020.
LPL Taps Ex-FINRA Regulator for Deputy Counsel Post
The independent broker-dealer also says it has set up a Regulatory Counseling group firmwide.
FINRA Floats Plan to Help Block Elder Exploitation
A rule under consideration would place a temporary hold on disbursements from accounts of elderly or disabled people if there is suspected financial exploitation.
SEC Removes Ratings References From Money Market Fund Rules
"Reducing reliance on credit ratings to determine which securities money market funds can hold is an important part of our efforts," said SEC chief White.