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.
Ken Fisher’s Backhanded Call to Arms
Ken Fisher's provocative statements about RIAs' demise in 10 years should be a wake-up call to all RIAs to make their voices heard in Washington.
Why Ken Fisher Is Wrong About Future of RIAs
Independent RIAs offer the one thing that Wall Street can’t: independence to represent their clients — and only their clients.
SEC, FINRA Enforcement: Firm Owner Loots Scholarship Funds, Widow’s Account
FINRA expels firm and its owner for misusing a widow's money and a scholarship fund; SEC charges more inside traders in Heinz case.
CCOs Under Fire: When Enforcers Get Burned by Regulators
While chief compliance officers are on the frontlines of catching wrongdoing, they can also become targets of regulators for their own misdeeds.
SEC, FINRA Enforcement: Money Manager Charged in Free-Riding Scheme
Among recent SEC actions were charges against a self-styled money manager for free-riding and fraud, while FINRA took on failures in WSPs and OATS compliance.
New Hire Roundup: Christian Brothers Appoints Four
This week in new hires, Christian Brothers Investment Services announced four key appointments, and American Century welcomed Joseph Schultz.
SEC, FINRA Enforcement Roundup: Phony Broker Charged for Soliciting $500M
Among recent actions by the SEC and FINRA were charges against a private equity firm, a former executive and an unregistered broker over some $500 million in improper investment solicitations.
FINRA Goes for Round Two on Membership Rule Changes
FINRA plans to issue a revised proposal on membership requirements after the self-regulator received pushback from the industry during its first attempt.
FINRA Seeks Second Round of Comments on Markups, Commissions Plan
After being deluged with comments against its plan to end a 5% threshold on commissions and markups, FINRA is giving broker-dealers yet another chance to weigh in.