FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Resolved: FINRA Should Review These 10 Outdated Rules
By Brian Rubin, Deborah Heilizer and Susan KrawczykFINRA 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report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.In response to the GAO recommendation,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 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.
July 03, 2012
FINRA Rule 2111: The Broker-Dealer ViewCommonwealths Paul Tolley talks about the challenges of implementing FINRAs new suitability rule on the selling of securities like variable annuities.
July 03, 2012
FINRA Rule 2111: The Broker-Dealer ViewCommonwealths Paul Tolley talks about the challenges of implementing FINRAs new suitability rule on the selling of securities like variable annuities.
July 02, 2012
New FINRA Suitability Rule to Take Effect July 9More client information is required and investment strategy recommendations are covered under the new rule.