FINRA Arbitration Data Under Fire Again
Public interest groups prod FINRA's Arbitration Task Force to push for more transparency.
SEC, FINRA Enforcement: Franklin Resources, Chairman Sued for $150M Over Long-Ago Stock Bequest
In another action, FINRA expelled a firm for stock manipulation and barred its CEO, who looted the firm to pay for tattoos and pet care.
New Hire Roundup: Morningstar Shuffles Leadership
Meanwhile, the SEC has appointed a new equity market structure committee, which includes FINRA CEO Richard Ketchum.
8 Oddest Enforcement Cases of 2014
Office equipment trafficking, a broker who gave client money to charity and more offbeat cases from the SEC and other regulators.
FINRA Bars CEO Who Appeared in ‘Wall Street 2’, Expels His Firm
A panel barred Tommy Belesis, who appeared in the "Wall Street" film sequel, and expelled his firm for violations around a stock sale.
Time to Reform FINRA: Mercatus Paper
A paper from the Mercatus Center's Hester Peirce argues that FINRA exhibits “a troubling independence from government, industry and the public.”
SEC to Conduct ‘Presence Exams’ on Never-Examined Advisors
SEC’s 2015 exam priorities will include protecting investors, particularly retirees and pre-retirees; market structure issues like cybersecurity; and using data to identify illegal activity.
FINRA’s Top Exam Priorities for 2015
FINRA calls BDs’ failure to put clients first a “recurring challenge” in its 2015 priorities report.
Morgan Stanley Said to Uncover Theft After Ad Sought Speedcoins for Data
Data on 900 wealth management clients was posted on Pastebin, which led the wirehouse to investigate the case.
FINRA Fines Pershing $3M for Cash Reserve Shortfall
Pershing's failure to hold enough cash and securities in reserve broke the SEC's Customer Protection Rule, FINRA said.