FINRA Slaps 3 BDs for Consolidated Reporting Failures
Inadequate reporting controls raise risk that "unscrupulous representatives will provide inaccurate and misleading reports to their clients to conceal fraud and theft,” says FINRA's Bennett.
6 Areas of Regulatory Focus From a Former FINRA Exec
What do “Birdman” and broker-dealers have in common?
FINRA Hits Firm for $916,000 Over Illegal Short Sales
First New York is being sanctioned for shorting shares ahead of 14 public offerings.
SEC, FINRA Enforcement: Firm Fined Over Interfund Loans
Meanwhile, FINRA censures and fines Thrivent Investment Management for failing to deliver thousands of trade confirmations of mutual fund transactions.
LPL Financial Promotes Compliance Chief to Managing Director
Sharyn Handlesman has been with the indie BD, which had regulatory charges of $36 million last year, since 2010.
New FINRA Broker Bonus Rule Out ‘Fairly Soon’: Ketchum
The FINRA CEO also told ThinkAdvisor at a SIFMA conference that "CARDS as it exists now is unlikely to move forward."
All Eyes on SEC Chief to Move Fiduciary Forward, FINRA’s Ketchum Says
Meanwhile at SIFMA's regulatory conference, the Wall Street lobby released a study challenging the White House's claim that conflicted advice costs investors $17 billion annually.
FINRA Enforcement: I-Bank Hid Client’s Criminal Record From Investors
Meanwhile, the regulator slapped multimillion-dollar fines on Citigroup Global Markets and Merrill Lynch.
SEC Urged to Reform 12b-1 Fees, Block Risky ETFs
The SEC "can no longer afford to relegate ... retail investor protection priorities to a back burner," the groups told the agency in a letter.
Schwab’s Robo-Giant Unleashed: Could It Help Advisors Gain Clients?
As Schwab launches its Intelligent Portfolios platform, project head Naureen Hassan tells ThinkAdvisor what to expect from the RIA version.