FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
N.Y. Money Manager Charged in Death Threats of U.S. Regulators
By Marlene Y. SatterOn Friday a New York money manager, Vincent McCrudden, was charged with threatening 47 U.S. officials. The list included Mary Schapiro, chairman of the SEC, and Gary Gensler, chairman of the Commodity Futures Trading Commission.
January 11, 2011
History Lesson: How FINRA Would Oversee RIAsWhat the then-NASD's regulation of RIAs in the past suggest about how FINRA would behave as the SRO for advisors.
January 05, 2011
Securities America and Rep to Pay Over $1 Million in FINRA Fraud CaseA FINRA panel has resolved a dispute against Securities America Inc., Randall Ray Talbott and the now-defunct Medical Capital Holdings with an award of more than $1 million.
January 01, 2011
FINRA Jockeys for SRO Spot as SEC Report to Congress NearsAs the Jan. 21 deadline approaches for the Securities and Exchange Commission (SEC) to deliver its report to Congress, the Financial Industry Regulatory Authority (FINRA) is engaged in a full-court press to convince the SEC that it should be the SRO for advisors.
December 21, 2010
Ron Roge’s Modest Proposal on FINRA as RIAs’ SRO: A Role for the CFP Board?Why not have the CFP Board serve as the SRO for all advice givers, as Ron Roge suggests, rather than, say, FINRA? Good idea, but . . .
November 10, 2010
The Illogic of FINRA’s Bid to Oversee AdvisorsIn case it wasn't clear before, last week the Financial Regulatory Authority made it very clear that it's ready, willing and able to extend its jurisdiction to RIAs.
October 22, 2010
FINRA Names Bennett New Head of EnforcementJ. Bradley Bennett has been chosen to serve as the new head of FINRA's Enforcement Division.
September 01, 2010
Annuity update: If FIAs are not securities, what about FINRA 05-50?On July 15, I sent a letter to FINRA CEO Richard Ketchum and asked, "Since 151A has been vacated and Congress says index annuities are exempt, when will FINRA