FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
The Costs of FINRA Oversight of RIAs: Running the SRO Numbers
By David TittsworthAt last, credible information on the costs of having an SROor notto oversee advisors, and what each scenario would cost RIAs in dollars and cents.
December 23, 2011
FINRA Fines Barclays Capital on SubprimesFINRA has fined Barclays Capital $3 million for misrepresenting delinquency data and for inadequate supervision in connection with the issuance of RMBS.
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.