FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Frank Not Acting Like Lame Duck; No Fan of SRO Bill
By Melanie WaddellRep. Barney Frank, the straight-talking Massachusetts Democrat who serves as ranking member on the House Financial Services Committee, announced in late November that he wont seek re-election and plans to retire from Congress at the end of 2012.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsIn a halting and nearly hoarse delivery, an apparently humbled Jon Corzine, the former chairman and CEO of the now bankrupt MF Global, testified Thursday before the House Agriculture Committee.
December 08, 2011
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money IsThe former CEO of now-bankrupt MF Global says he was stunned' to learn about the missing $1.5 billion in client funds at commodities broker-dealer.
November 22, 2011
FINRA Fines Wells Investment Securities Over ‘Misleading’ REIT MaterialsFINRA fines Wells Investment Securities $300,000 over non-traded timberland REIT advertising and sales materials which contained 'misleading, unwarranted and exaggerated statements.'
November 09, 2011
FINRA Gave Corzine Waiver to Run MF GlobalWhen Jon Corzine returned to the securities business to run MF Global, he did so without requalifying or registering, as required by FINRA, because the agency gave him a waiver.
November 08, 2011
Regulators' Document Mishaps Irk Wall Street (Reuters)In the last month, Wall Street's top regulators became subject to the same kind of scrutiny they regularly dish out to securities firms.
November 01, 2011
Kudos to Mary Schapiro for Her Non-Action in FINRA Document CaseSometimes character is revealed by what people dont do as much as by what they do.
October 27, 2011
After FINRA Office Alters Files, SEC Orders SRO to Change Its WaysFed up with receiving altered documents--three times in eight years--the SEC ordered FINRA to hire an independent consultant to improve its procedures for producing documents during SEC inspections.