FINRA ‘Aggressively’ Seeking BD Feedback on CARDS: Ketchum
CEO Richard Ketchum defended the controversial automated data-collection system as an important investor protection tool but stressed that FINRA wanted to get it right.
FINRA Fines Morgan Stanley $5M Over IPO Share Sales
FINRA said Morgan Stanley had “supervisory failures” in initial public offerings for Facebook, Yelp and 81 others.
FINRA Reaches for Feedback on Broker Comp Disclosure Rule
FINRA’s board announced Friday that it would seek comment on its controversial plan to require brokers to disclose their compensation packages to clients.
FINRA Boosts Transparency in TBA Market
FINRA 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.
Resolved: FINRA Should Review These 10 Outdated Rules
FINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.
In response to the GAO recommendation,
NAPFA: 8 Ways FINRA Oversight Will Hurt Indie Advisors
NAPFA has sounded the alarm against House Financial Services Chairman Spencer Bachus’ bill calling for a SRO to oversee advisors.
FINRA’s 5 Key Enforcement Trends to Watch in 2012
The significant jump in fines issued by FINRA in 2011 provides a look into the top areas that the regulator will be focusing on in 2012, according to the law firm Sutherland Asbill & Brennan.
FINRA’s Top 5 Enforcement Issues of 2011
A survey of FINRA sanctions by Sutherland Asbill focuses on the top enforcement issues in 2011, showing that fines jumped 51% over 2010, with more reps barred.
FINRA to Restructure BrokerCheck, Giving Investors More Power
Proposed changes include not only unifying BrokerCheck and the SEC’s IAPD system, but also divulging broker/advisor test scores.
FINRA Fines Barclays Capital on Subprimes
FINRA has fined Barclays Capital $3 million for misrepresenting delinquency data and for inadequate supervision in connection with the issuance of RMBS.