What FINRA’s Top Execs Earn: ‘Living Large’
Last year was a solid one for FINRA — and the top executives’ pay packages weren’t too shabby, either.
FINRA Levied $60M in Fines in 2013
In FINRA's annual report, CEO Richard Ketchum also says that FINRA is pressing forward with its controversial CARDS data collection plan.
SEC's Gallagher: Fiduciary Debate Is Unfair
Daniel Gallagher, one of the Securities and Exchange Commission's two Republican commissioners, has been very vocal as of late regarding his belief that the agency doesn't need to write a rule to put brokers under a fiduciary mandate.
Gallagher: SEC Fiduciary Rule Won’t ‘Stave Off’ DOL Redraft
“Folks have … said do a rulemaking because it will stave off Labor. I don’t like rulemaking to stave off other people,” says SEC's Gallagher.
Fiduciary Will Stay on SEC Agenda ‘Until It’s Solved’
But “being on the agenda and getting it done are two different things,” says SEC’s trading and markets director, Steve Luparello.
FINRA ‘Aggressively’ Seeking BD Feedback on CARDS: Ketchum
CEO Richard Ketchum defended the controversial automated data-collection system as an important investor protection tool but stressed that FINRA wanted to get it right.
SEC’s Gallagher: Fiduciary Debate Biased Against Brokers
The debate is “not fair right now” because there is much more exam data on brokers than on advisors, SEC Commissioner Daniel Gallagher told ThinkAdvisor.
FINRA OKs Broad Expansion of Broker Background Checks
FINRA's board approved amendments to its supervision rule, which must be approved by the SEC.
Ketchum’s Comment on SRO Defeat Isn’t the Final Word, Watchers Say
Advocates from fi360 and IAA say FINRA is merely biding time for a more agreeable Congress before another attempt to gain control over advisor regulation.
FINRA OKs Plans on BrokerCheck Link, Expungement and Arbitrator Definition
FINRA's board on Thursday approved three rule proposals — including one to limit how many investor complaints a broker can have expunged from BrokerCheck.