FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FSI to FINRA: This Is the Wrong Time for Higher Fees
By Dale BrownPart of FSIs engagement with FINRA is to let them know when they have gone too far. That is clearly the case with the substantial fee increases the organization has proposed for broker-dealers and financial advisors, increases that would hit small firms the hardest.
July 20, 2012
Resolved: FINRA Should Review These 10 Outdated RulesFINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.In response to the GAO recommendation,
July 12, 2012
FINRA’s 6 Critical Tips Before Buying ETNsFINRA wants to make sure that investors are aware of the differences between ETNs and other, perhaps more traditional, investmentslest investors be taken unaware and get in over their heads.
July 11, 2012
MetLife manager fined and suspended in FINRA life settlement case (Forbes)Without admitting or denying the findings, William F. Weiss submitted a Letter of Acceptance, Waiver and Consent, which FINRA accepted.
July 11, 2012
MetLife manager fined and suspended in FINRA life settlement case (Forbes)Without admitting or denying the findings, William F. Weiss submitted a Letter of Acceptance, Waiver and Consent, which FINRA accepted.
July 05, 2012
SEC, FINRA Enforcement Roundup: FBI Hunts Fugitive AdvisorIn recent enforcement actions, an advisor on the lam who defrauded clients of nearly $40 million had his assets frozen by the SEC, and FINRA launched a pilot program for large arbitration cases.
July 05, 2012
Brokers, Get Ready: Suitability Rule Set to Take EffectFirms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.
July 05, 2012
Can Brokers Get Justice From FINRA?Where does an advisor go to get his reputation back? That is the heart of a complaint of a former broker suing FINRA to expunge damaging allegations from his CRD that have kept him from the industry for two years.