SEC, FINRA Enforcement: BHP Billiton to Pay $25M Over Olympics Invites
Meanwhile, FINRA has censured and fined EDI Financial Inc. for failing to have supervisory procedures in place for sales of private placements.
SEC, FINRA Enforcement: Father, Son Used Golf Emails to Hide Insider Trading
Meanwhile, the SEC charged for-profit education company ITT Educational Services with fraud.
Morgan Stanley Fined $2 Million Over Short-Sale Reporting
Billions of shares in positions weren't fully disclosed over a six-year period, according to FINRA.
FINRA Doubles Length of Suitability Suspensions, Toughens Fraud Sanctions
FINRA says it will be tougher on those committing fraud or making unsuitable recommendations and will increase suspensions for breaking suitability rules.
FINRA Arb Panel Grants $500K to Ex-Morgan Stanley Rep
The advisor, now with FiNet, said the firm had pushed him out and tainted his reputation.
SEC, FINRA Issue Robo-Advisor Warning
The regulators tell investors to consider automated tools’ limitations before using them.
LPL Names Wright to New CTO Slot
The new IBD executive reports to Chief Information Officer Victor Fetter.
LPL to Pay $12M FINRA Fine for Failing to Supervise Sales
FINRA censured and fined LPL for broad supervisory failures involving sales of nontraditional ETFs, VA contracts and nontraded REITs.
FINRA’s Ketchum Criticizes DOL Fiduciary Plan
FINRA CEO says DOL's safe harbor descriptions are "narrow" for BDs and that the CARDS plan is on hold until security concerns are addressed.
SEC Urged to Beef Up FINRA Oversight: GAO
SEC is falling short on supervision of the self-regulator in three areas, GAO says.