SEC, FINRA Enforcement Roundup: Cantor Fitzgerald Hit by FINRA
By Marlene Y. SatterAmong recent SEC and FINRA actions were Cantor Fitzgerald being censured and fined and FINRA imposing a $14 million settlement on a Hong Kong-based firm charged with insider trading.
October 23, 2012
SIFMA’s Ryan Renews Dodd-Frank Support but Scoffs at Volcker RuleNo one can be happy with where reform stands, said Ryan on Tuesday at SIFMA's annual meeting in New York. Chairman Chet Helck spoke about the emotional side of the beleaguered finance industry.
October 22, 2012
FINRA Suspends David Lerner, Forces $12M Payback on Apple REITsLerner, the CEO and president, misled customers, calling the Apple REITs a fabulous cash cow and a gold mine, FINRA says.
October 19, 2012
SEC Says 1,504 Advisors to Hedge Funds, Private Funds Now SEC-RegisteredIncluding the 2,557 private fund advisors who had registered previously, a total of 4,061 advisors to one or more private funds are now registered with the SEC.
October 19, 2012
SEC, FINRA Enforcement Roundup: Former Billion-Dollar Hedge Fund Advisory Firm, Execs SlappedCitigroup, Merrill Lynch and Natixis were among those sanctioned by the SEC and FINRA this week.
October 17, 2012
Prudential Team With $450M Moves to LPLThe group brings with it six advisors and plans to hire another 15 in the near future.
October 15, 2012
Why I’m Happy With My CustodianMy positive experiences with TradePMR may give you ideas on what you should look for in a custodian.
October 12, 2012
SEC Proposes Extension of Principal Trading Temporary RuleThe SEC is proposing to extend the date on which temporary rule 206(3)-3T sunsets by another two years, from Dec. 31, 2012 to Dec. 31, 2014.