Massachusetts Hunts for ‘Rogue Brokers’ at 241 BDs
The regulator wants information on hiring practices at firms that have above-average numbers of advisors with misconduct records.
NBA, NFL Players Win Arb Case Against Morgan Stanley
The case was brought before FINRA and alleged the firm did not adequately supervise a now-barred broker.
Wall Street’s Alliance Against Hackers
Cybersecurity alarms have brought financial institutions and regulators into common cause
The Fiduciary Standard Is Far From Enough
Above all, the advisory field needs to become more competent, Bob Seawright says.
Advisor Misconduct: How Widespread?
A new study of advisor misconduct is drawing attention to bad behavior in the financial industry — and to itself for what industry players and analysts point to as exaggerations, skewed data and other issues.
RCS Capital, Cetera Settle Poaching Suit With Lightyear
Lightyear, which is buying the Advisor Group from AIG, has agreed not to recruit RCS Capital's senior management through late September.
FINRA Fines Raymond James for Violating Customer Privacy
The broker-dealer will pay $500,000 over the use of client data by its transition staff.
Are 7% of Brokers Really Behaving Badly?
A recent study found 7.7% of brokers had a record of misconduct over a 10-year period. But not everyone thinks the study holds up.
Regulators Should Review These 5 ETF Issues: FINRA’s Ketchum
The ETF volatility of Aug. 24 offers a “great opportunity” for regulators to assess initiatives implemented after the 2010 Flash Crash, says FINRA CEO.
FINRA to Examine BDs for Conflicts of Interest
With compliance costing the industry $300 billion since 2010, the self-regulator wants BDs to answer questions on "cultural values" in a targeted exam.