SEC OKs FINRA’s New Supervisory Rules
The SEC has approved FINRA's new consolidated rules governing supervision as well as guidance on email reviews.
SEC Enforcement: Goldman’s ‘Fabulous Fab’ Ordered to Pay More Than $825,000
In other financial enforcement news, two brothers charged by the SEC with insider trading last June were found guilty by a jury.
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.
Enforcement Roundup: Investors Win $900,000 in FINRA Arb Over Nontraded REITs
In other enforcement news, FINRA fined Barclays over electronic record storage and Instinet felt the SEC's wrath for improper soft-dollar payments.
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.
Going Mobile: LPL Announces Sweeping Tech Changes
New tech guru Victor Fetter is poised to give the largest independent broker-dealer a technological edge.
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.
SEC, FINRA Enforcement Roundup: Insider Trading Ring Busted; Raymond James Hit
Among recent actions taken by the SEC and FINRA were the breakup of an insider trading ring; Raymond James getting fined and censured; and proceedings over securities law violations by the Big Four accounting firms' China affiliates.
BDs Beware: Social Media Privacy Laws May Conflict With FINRA Rules
“Legislation that limits access to social media information may pose significant challenges for a large number of broker-dealers,” lawyers from Sutherland Asbill & Brennan wrote in a Law360 article.
Worst-Case Scenario Is Diluted Fiduciary Standard: TD’s Nally
At NAPFA National, the new head of TDAI made the case for RIAs, younger advisors and female clients, but fretted about Dodd-Frank implementation, and urged advisors to “focus on running a business.”