LPL CEO Addresses Firm’s Compliance Woes
The firm “is close to being done” resolving several enforcement issues it has faced over the last few years, CEO Mark Casady said.
Goldman Clearing Arm to Pay $1.8M FINRA Fine Over OATS Violations
Goldman Execution & Clearing was fined for more than eight years of Order Audit Trail System-related failures.
SEC, FINRA Enforcement: Ex-Oppenheimer Employees Fined in Penny Stock Case
Meanwhile, FINRA fined Global Strategic Investments LLC for suspicious Venezuelan bond activity.
Compliance Data Analytics: Do as Regulators Say AND as They Do
Financial services firms should follow the lead of the SEC and FINRA and use more sophisticated technology tools to improve their compliance programs.
SIFMA, U.S. Chamber Barrage DOL as Fiduciary Rule Comment Deadline Looms
SIFMA, for its part, filed not just one comment letter but eight, along with two studies highlighting the fiduciary rule's challenges.
FINRA Blasts DOL’s Fiduciary Redraft as ‘Fractured, Confusing’
In its 21-page comment letter, FINRA tells DOL to modify its plan so that BDs do not abandon small accounts.
BDs Increasing Protection Against Cyber Breaches, Survey Finds
'Some firms have been the subject of benign incidents but haven’t realized it yet,' says Sutherland's Rubin.
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS Team
The four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.
Enforcement: Chase to Pay $136M Over Debt Collection Practices
Meanwhile, FINRA barred five brokers for a sham private placement offering.
‘Dissident’ Candidate Vies for FINRA Board Seat
With FSI's endorsement, securities attorney Brian Kovack is running against FINRA's chosen candidate to push for "immediate reforms" in three areas.