FINRA’s 5 Biggest Fine Categories in 2014
FINRA fines more than doubled in 2014 even as the regulator filed fewer cases, according to the law firm Sutherland Asbill & Brennan.
New Hire Roundup: Morningstar Shuffles Leadership
Meanwhile, the SEC has appointed a new equity market structure committee, which includes FINRA CEO Richard Ketchum.
FINRA at 5 Years: Highlighting 7 Areas of Action
Quite a bit has happened in those five years: billion-dollar frauds, a flash crash exposing major volatility issues and a bill supporting FINRA as advisors' SRO, to name a few developments.
Supreme Court Rules in Favor of Arbitration–Again
Last Tuesday, the Supreme Court ruled in Compucredit Corp. v. Greenwood in favor of what the law firm Sutherland Asbill & Brennan says is the latest in a series of opinions that have 'come down firmly on the side of the enforceability of consumer arbitration agreements.'
Advisor SRO Would Cost Twice as Much as Funding SEC Exams
The report, conducted by BCG and funded by advisor groups and TD Ameritrade, was released before a House panel vote on a spending bill that included a $136 million increase for SEC funding.
Internal Changes at SEC’s Exam Division
As uncertainty remains in the debate over whether an SRO should oversee advisors—and a new option of using outside auditors for advisor exams in lieu of an SRO was recently thrown into the mix—changes are afoot within the SEC’s exam division.
SEC's Top Compliance Officer Leaving for Private Sector
John Walsh, associate director and chief counsel in the SEC's Office of Compliance Inspections and Examinations (OCIE), plans to retire from the agency at the end of September.
New Options in 401(k)s
A new twist in retirement planning is taking hold: financial services companies are offering immediate annuities and longevity insurance--a deferred annuity--as an option in 401(k)...