FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
New FINRA Suitability Rule to Take Effect July 9
By Maria WoodMore client information is required and investment strategy recommendations are covered under the new rule.
June 26, 2012
FINRA and SEC Warn About Annuity RisksFINRA is looking closely at disclosure, suitability and yield-chasing practices associated with VAs.
June 21, 2012
Merrill Overcharged Clients $32M in Fees, FINRA SaysThe overcharges in fees affected 95,000 accounts over an eight-year period, making it a significant supervisory issue, experts say.
June 12, 2012
Boomerang: Will FINRA Oversight Force RIAs to the Next Level?Mark Hurley's prediction that the RIA community will consolidate into 40 to 50 mega-firms may be effected by FINRA taking oversight of advisors. Maybe that's not a bad thing?
June 06, 2012
Are Ketchum’s Arguments for SRO the Best FINRA Can Come Up With?My response to reading the FINRA chiefs testimony before Congress on advisor SRO: Really, dude?
June 05, 2012
NAPFA: 8 Ways FINRA Oversight Will Hurt Indie AdvisorsNAPFA has sounded the alarm against House Financial Services Chairman Spencer Bachus bill calling for a SRO to oversee advisors.
June 05, 2012
FINRA Says Brookstone ‘Preyed on Elderly’ With Unsuitable CMOsFINRA hearing panel hits Brookstone, its CEO and a broker for $2.6 million in fines and restitution for fraudulent sales of packaged mortgages.
June 01, 2012
GAO Criticizes FINRA, SEC on OversightSerious questions are being raised about the effectiveness of FINRA and whether the SEC spends enough time overseeing this self-regulatory agency.