SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
IRI: VA Summary Prospectus Rule From SEC May Finally Be Coming
IRI, the annuity trade group, also sees the DOL's fiduciary plan advancing in early April.
Former Top FINRA Official Shorris Joins LPL
LPL Financial announced Friday that it has hired James Shorris, a former top enforcement official at FINRA, as executive VP and associate counsel for regulatory and compliance policy.
FINRA Names Bennett New Head of Enforcement
J. Bradley Bennett has been chosen to serve as the new head of FINRA's Enforcement Division.
FINRA Fines Piper Jaffray $700,000 for E-mail Infractions
The Financial Industry Regulatory Authority (FINRA) recently fined Piper Jaffray & Co. $700,000 for violations related to its failure to retain approximately 4.3 million e-mail messages.
News & Products
Fines, Complaints, Mergers The NASD fined American General Securities Inc., a member company of AIG, more than $1.1 million for violations of NASD's Anti-Reciprocal Rule. NASD...