FINRA Boosts Asset-Backed Securities Market’s Transparency
By Dec. 4, asset-backed securities transactions will be available to the public no later than 15 minutes after the trade is executed.
FINRA BrokerCheck Ad Campaign Supported by Huge Fine Volume
FINRA's $3.5 million campaign compares hiring a broker without checking BrokerCheck to other "leap-before-you-look" mistakes.
Social Media Use Up at Firms, but Texts Raise Compliance Worries: Survey
Compliance officers "have significantly lower confidence" in their ability to produce text messages upon request versus other types of electronic messaging, Smarsh poll finds.
Raymond James Adds Team in Flooded Texas Region
Meanwhile, Raymond James, BofA and Wells Fargo are donating to flood relief, and RJ says it is buying Producers Choice Network.
FINRA Floats ‘Watered Down’ BrokerCheck, Broker Bonus Rules
The new broker bonus plan “runs counter to the current industry debate” over a common fiduciary standard, which brokerage firms largely favor, lawyer Patrick Burns says.
LPL Shares Info on Reps Recruited in Q1
The IBD lags rivals in terms of average assets per financial advisor but says its "technology, solutions, service and resources" set it apart.
Talk of FINRA as Advisor SRO Rears Its Head Again
A Republican on the House Financial Services Committee said at FINRA's annual conference that he would "explore" legislation to give FINRA advisor exam authority.
FINRA’s Ketchum Blasts DOL Fiduciary Plan; White House Says ‘Work With Us’
FINRA CEO Richard Ketchum talked at the regulator's conference about what's wrong with the DOL plan and offered an alternative approach to putting customers first.
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.