FINRA Move on Brokers' Expungement a Good First Step
Over the past five years, state securities regulators have used the CRD and IARD public records to weed out more than 20,000 bad actors.
SEC, FINRA Enforcement: More Charged in Football-Related Boiler Room Scheme
In other actions, the SEC charged the CEO of penny stock company CytoGenix, and his so-called business partner, with defrauding investors via false press releases.
BD Fee Disclosures Have ‘Wide Disparity’: NASAA
BDs are also using “questionable practices” in relation to fee charges and markups, according to a survey released Thursday by state regulators.
SEC OKs FINRA’s New Supervisory Rules
The SEC has approved FINRA's new consolidated rules governing supervision as well as guidance on email reviews.
IBD Regulation: Broken Windows, Broken System
We’ve already seen the impact of the “broken window” approach, with minor offenses treated as major offenses and major ones as potential career enders.
SEC, FINRA Enforcement: 3 Busted in Fake Movie Scam
Former Merrill broker gets 10 years for Ponzi scheme; RBS settles mortgage-backed securities suit for $275 million.
SEC, FINRA, DOL Enforcement: $2 Million Restored to U.S. Postal Drivers’ 401(k)s
Meanwhile, SEC announces settlements in penny stock shell packaging scheme and agency wins on front running, loses on insider trading in Illinois case.
VP in Conflicts Office at J.P. Morgan Securities Barred for Leaking Inside Info
“Gutman had the keys to the kingdom through his position at J.P. Morgan as a gatekeeper with special access to material, nonpublic information,” FINRA says.
Ken Fisher Warns, Industry Responds: What Happens to RIAs in 10 Years?
Ken Fisher is bullish on 2014’s market and economy but decidedly bearish on the future of RIAs.
SEC, FINRA Enforcement: UBS, Merrill Fined for Disclosure Failures
Meanwhile, FINRA slapped J.P. Turner for unsuitable ETF sales, and the SEC charged a Miami trader with shorting a Chinese company ahead of its offering.