FINRA OKs Changes to Communications Rules, Seeks Public Comment
FINRA will also file with the SEC to charge a $115 fee for the MSRB's new muni advisor qualification exam.
BDs Fall Short on Protecting Seniors: SEC, FINRA
Report finds some BDs are recommending unsuitable products to seniors and could be violating FINRA’s communications rules.
Army Vet Posed as Broker to Bilk Soldiers, SEC Says
Leroy Brown Jr., an Army veteran, is accused of luring service members and other investors with false guarantees to double or triple their money.
Top 10 Dumbest States for Financial Literacy: 2015
Residents of these places have a lot to learn about money basics.
FINRA Readies Changes to Communications Rules
FINRA is also taking comments until mid-May on member application rules.
Enforcement Roundup: Defense Contractor Fined for ‘World Tour’ of Bribery
Meanwhile, FINRA fined Newbridge Securities Corp. for buying and selling corporate bonds at unfair prices.
SEC Panel: 2 Big Problems With Advisor Background Checks
Investors don’t check advisor and rep backgrounds, and the data itself can be problematic.
CFTC Promotes SmartCheck Week to Fight Financial Fraud
Why investors should do background checks on the people they invest with.
SEC Probes Whether 12b-1 Fees Are Used Properly
SEC is examining whether the rules for the fees and their disclosure are being followed and “what funds are paying intermediaries for.”
SEC Chief: Fiduciary, Third-Party Audit Rules to Advance This Year
SEC will discuss making rules this year on third-party advisor audits and a uniform fiduciary standard, SEC chief Mary Jo White said.