SEC Gives First Compliance Employee a Whistleblower Award
Agency awards more than $300,000 to an employee who performed audit and compliance functions.
Treasury’s Crime Unit Floats New Customer ID Rules for BDs, Mutual Funds
Meanwhile, FinCEN continues to work with the SEC on anti-money laundering rules for advisors.
FINRA Fines on Pace to Approach Financial Crisis Levels, Led by ‘Supersized’ Fines
Fines imposed by the Financial Industry Regulatory Authority in 2014 are poised to far outpace those reported by the regulator in 2013, according to an analysis released Aug. 1 by the law firm Sutherland Asbill & Brennan.
SEC Begins Exams of Municipal Advisors; Focus on "Identified Risks"
Over the next two years, OCIE plans to examine a “significant percentage" of muni advisors, "establishing a presence" and focusing on risk.
FINRA Charges Wedbush With Market Access Violations
Wedbush's lax supervision enabled customers to flood U.S. exchanges with thousands of potentially manipulative wash trades, FINRA says.
One Golf Course That's Great for Stock Tips
The Oakley Country Club in Watertown, Massachusetts, would seem to be the biggest hotbed of alleged insider trading since SAC Capital.
Former SEC Chief Walter Named FINRA Public Governor
FINRA announced Thursday that former SEC Chairwoman Elisse Walter has been elected to FINRA’s Board as public governor.
21 Best & Worst Robo-Advisors for Client Transparency
Paladin Registry grades 21 big online advisors on how well they provide clients with critical information, like fees, on their websites.
Battered Morgan Stanley Breakaway Advisor Fights Back
Breakaway advisor James Eastman tells ThinkAdvisor how Morgan Stanley read his email and “painted” his compliance record when he tried to leave.
FINRA’s 5 Biggest Fine Categories in First Half of 2014
Fines imposed by FINRA in 2014 are poised to far outpace last year’s, says a new analysis by the law firm Sutherland.