FINRA’s 5 Biggest Fine Categories in 2013
Fines from one category of offenses shot up a whopping 132%, according to the law firm Sutherland Asbill & Brennan.
CCOs Under Fire: When Enforcers Get Burned by Regulators
While chief compliance officers are on the frontlines of catching wrongdoing, they can also become targets of regulators for their own misdeeds.
FINRA Fines On Track to Fall 41% This Year
The total dollar amount is projected to hit a three-year low, according to the law firm Sutherland Asbill and Brennan.
What ‘The Social Network’ Can Teach Advisors About Avoiding Enforcement Actions
Online communications make advisors vulnerable to compliance slip-ups, two attorneys warn, using quotes from the film "The Social Network" to illustrate their points.
Playing With Fire: CCOs and Lawyers Who Got Burned by Regulators
After analyzing disciplinary actions taken by the SEC and FINRA against CCOs and in-house counsel from June 2011 through June 2012, Sutherland found a slew of violations.
FINRA 2012 Fines to ‘Significantly Outpace’ 2011: Sutherland
“If fines continue to be assessed at this rate, 2012 will represent a 15% increase from the total fines reported by FINRA in 2011,” said Brian Rubin of Sutherland Asbill & Brennan.
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.
FINRA Launches Conflict-of-Interest Sweep of BDs
FINRA says the sweep is just a way to “better understand” BDs' practices, but lawyers with BD clients suggest enforcement actions may be brewing.
Broker Suitability Rule Takes Effect
A new FINRA rule on suitability of recommendations by brokerages and brokers to customers—and to prospective customers—took effect on July 9, and with it come a number of issues of which firms and advisors alike need to be aware.
FINRA’s New Suitability Rules: Half a Loaf, but…
...they also show that the majority of brokers today are offering investment advice far beyond what any rational observer would categorize as “usual and incidental” to the sale of securities