FINRA Fines On Track to Fall 41% This Year
The total dollar amount is projected to hit a three-year low, according to the law firm Sutherland Asbill and Brennan.
FINRA Fines Jump in Suitability, Due Diligence
Fines issued by FINRA last year totaled $78.2 million, a 15% jump from the $68 million levied in 2011, according to the law firm Sutherland Asbill & Brennan.
Playing With Fire: CCOs and Lawyers Who Got Burned by Regulators
After analyzing disciplinary actions taken by the SEC and FINRA against CCOs and in-house counsel from June 2011 through June 2012, Sutherland found a slew of violations.
FINRA’s 5 Key Enforcement Trends to Watch in 2012
The significant jump in fines issued by FINRA in 2011 provides a look into the top areas that the regulator will be focusing on in 2012, according to the law firm Sutherland Asbill & Brennan.
5 Regulatory Red Flags for Advisors Who Use Commodity ETFs
A legal alert from the law firm Sutherland Asbill & Brennan lists the top issues that Gary Gensler's CFTC and the entire commodity ETF industry will need to address this year.
Former SEC Exam Chief Walsh: SEC Whistleblower Program 'Showing Traction'
The former chief counsel at the SEC's exam division, John Walsh, has formed a Whistleblower Response Team with several of his colleagues to help firms develop whistleblower response programs as the SEC’s 'initiative is beginning to show traction.'
New Year, New Fiduciary Rule?
While SEC Chairman Mary Schapiro said in mid-December comments first reported on Bloomberg that the agency would issue a proposed fiduciary rule this year, she also stated in the Bloomberg interview that a fiduciary rule proposal will be “business model neutral” and allow brokers working with retail investors to sell...
Reaction to Schapiro Comments on Fiduciary Rule Are Quick and Varied
Bloomberg reports SEC chairman considering “business model neutral” rule that retains proprietary products, commissions; Evensky, Tittsworth, Brown and Barry respond.
SEC, FINRA Sanction Chief Compliance Officers, Sutherland Report Finds
A recent report by the law firm Sutherland, Asbill & Brennan analyzes recent SEC and FINRA actions against chief compliance officers at BDs and advisory firms, highlighting examples of conduct that regulators have identified as “sanction-worthy.”
U.S. Court Curbs FINRA’s Disciplinary Powers
A federal appeals court in Manhattan ruled Wednesday that FINRA did not have the right to take its members to court to enforce its disciplinary actions.