FINRA at 5 Years: Highlighting 7 Areas of Action
Quite a bit has happened in those five years: billion-dollar frauds, a flash crash exposing major volatility issues and a bill supporting FINRA as advisors' SRO, to name a few developments.
Going for Gold: Rep. Bachus Wins the Prize for Fuzzy Thinking on RIA SRO
Congressman Bachus’ WSJ piece on the benefits of an SRO for advisors sets what might be a world record for faulty assumptions, wrong conclusions and inaccuracies.
Rep. Bachus Tells Advisors to Police Themselves
Federal regulators “whose job is to enforce the law and protect investors from bad actors, often had no clue."
Why Isn’t the SEC Doing Its Real Job?
Two readers identify the real problem with the SEC: it focuses on compliance with the letter of the law, rather than trying to catch the bad guys.
Could You Have Saved These Clients? 7 Scams That Hit Celebrities Hard
Financial scandals are usually named for their perpetrators, not their victims, unless those ripped off are the famous.
A Seasoned Guide for Uncertain Times
Allen D. Rutledge is a financial advisor for our uncertain times: the struggling economy, the high market volatility, the European debt crisis—everything holding back the post-global financial meltdown’s comeback.
Two years after the passage of Dodd-Frank, I think it is fair to say the landmark financial reform legislation has not inspired a lot of love.
The Spirit of Scottrade: Little Firm Pushes Big Value
If you haven’t heard of Scottrade Advisor Services, you’re forgiven. Started in 2005, it resides in the decidedly non-financial hub of St. Louis, but the institutional business is coming on strong, finding a niche among the big boys.
In FSI Testimony Before Congress on SRO, a Call for a Level Regulatory Field
In voicing support for HR 4624, FSI believes an advisor SRO will close an unacceptable regulatory gap that leaves investors exposed to potential fraud and abuse at the hands of unscrupulous investment advisors.
Why FINRA Is the Right SRO for RIAs
FSI Chairman Joe Russo lays out the FSI’s arguments for FINRA as the best SRO for RIAs, and says 75% of FSI advisor members concur with the group's position.