FINRA Revives Broker Bonus Disclosure Plan
A revised plan to require that brokers’ recruitment compensation be disclosed when they switch firms will be considered at FINRA's Sept. 19 board meeting.
Several notable compliance-related measures have been approved—or tabled—by the Securities and Exchange Commission, Financial Industry Regulatory Authority and state securities regulators over the past couple of months that should be on advisors’ and brokers’ radar.
Broker Bonus Plan: Death by Delay?
FINRA’s decision to postpone considering a rule to require that brokers’ recruitment bonuses be disclosed when they switch firms has one industry attorney speculating the rule may be on the chopping block.
SEC, FINRA, State Exam Execs Lay Out Priorities
Priorities include conflicts of interest, email retention, cybersecurity and some specific products, the executives said at the IRI legal and regulatory conference.
15 Best Finance Tweets of the Month: May
PIMCO’s Bill Gross, Zero Hedge and others weigh in on Fed Chairman Ben Bernanke’s congressional testimony; Ron Rhoades tells us what he really thinks about FINRA; and more in your May dispatch from the Twittersphere.
Which State’s Residents Are Smartest With Money?
A just-released study from the FINRA Foundation ranks the states on several measures of "financial capability," like paying off debt and saving for emergencies.
FINRA Inks Deal With Direct Edge, Gains Oversight of 90% of Equity Trading Volume
FINRA announced Wednesday that Direct Edge, the third-largest stock exchange operator in the U.S., has made a deal with FINRA to provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges.
FINRA’s Ketchum to SEC: Act Now on Fiduciary, or We’ll Make Our Own Disclosure Rules
Ketchum said, that without action, FINRA would “look hard” at issuing “an additional disclosure rule with respect to broker-dealer firms.”
The 2013 IA 25: Advisor Advocates and Regulators
Since the financial crisis, advisors have had to defend their businesses from wary consumers, overzealous legislators and sometimes even other advisors whose unscrupulous actions would cast good advisors in the same shadow as bad advisors.
Dale Brown: The 2013 IA 25 Extended Profile
When reminded that this is the seventh year that he’s been named to the IA 25, Dale Brown was quick to give kudos to his entire team, noting that the Financial Services Institute’s success doesn’t hinge on his abilities alone.