New Hire Roundup: CFTC Names Goelman Enforcement Chief
Grace Vogel joined PwC’s financial services regulatory practice, and the Hedge Fund Association named three women to leadership positions.
FINRA’s ‘Total Warfare’ Against Brokers in Arbitration
Breakaway brokers and pros across the financial industry cite biased panelists, missing hearing records and a 93% win rate for brokerages.
It Pays to Fight Back Against SEC, FINRA: Survey
Nearly half of advisors, BDs and their reps that litigated got off lighter than they would have if they had settled, a Sutherland study found.
New Hire Roundup: Sosa Leaves PIMCO to Lead New DoubleLine Group
Danielle Fischer went to the Private Client Reserve of U.S. Bank, and Mariner Wealth Advisors acquired a majority interest in Housen Financial Group.
FINRA Wallops Brown Bros. Harriman With Its Biggest-Ever AML Fine
FINRA fined Brown Brothers Harriman & Co. $8 million for failing to monitor trades of 6 billion penny stock shares.
Ex-Schwab, Fidelity Exec: Be Careful Whom You Trust
Tim McCarthy talked to ThinkAdvisor about being president of Schwab and Fidelity, revamping struggling Asian firms and the good things Bernie Madoff did.
Enforcement Roundup: Investors Win $900,000 in FINRA Arb Over Nontraded REITs
In other enforcement news, FINRA fined Barclays over electronic record storage and Instinet felt the SEC's wrath for improper soft-dollar payments.
Ken Fisher’s RIA Warning Draws Advisor Ire
Evensky, Carson, Rhoades and others offer strong reactions to ThinkAdvisor about Fisher’s prediction that RIAs would be gone in a decade.
FINRA Up to Its Old Tricks With SRO Strategy Shift
FINRA's apparent strategic shift over an SRO for advisors to the Senate is the latest in a series of moves it's made over the decades to protect the brokerage model.
New SEC Chairwoman Walter Appoints Two Acting Directors
During her first day as the new chairman of the SEC, Elisse Walter appointed two acting directors, one to the Division of Corporation Finance and the other to Trading and Markets.