FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
The GAO Chimes in on the SEC and Self-Regulatory Organizations
By Arthur D. PostalSerious questions are being raised about the effectiveness of the Financial Industry Regulatory Authority (FINRA) and whether the Securities and Exchange Commission (SEC) spends enough time overseeing this self-regulatory agency.
May 30, 2012
POGO Assails House Financial Services Committee's SRO BillIn a letter to the chairman and ranking minority member of the House Financial Services Committee, the Project On Government Oversight raised serious concerns about H.R. 4624, a bill that would authorize one or more SROs to oversee the investment advisor industry.
May 29, 2012
Bachus’ SRO Bill Blasted by Government WatchdogThe nonpartisan Project on Government Oversight told Reps. Spencer Bachus and Barney Frank in a letter on Tuesday that it opposes Bachus bill to create an advisor SRO.
May 29, 2012
FINRA Hits Back in Battle Over Advisor SROFINRA is now refuting a review, done by Boston Consulting on behalf of several investment advisory trade groups, that challenged FINRAs cost estimates in assuming an SRO role.
May 29, 2012
Why FINRA Is the Right SRO for RIAsFSI Chairman Joe Russo lays out the FSIs arguments for FINRA as the best SRO for RIAs, and says 75% of FSI advisor members concur with the group's position.
May 24, 2012
SEC, FINRA Enforcement RoundupBroker-dealer Cadaret, Grant fined; alleged $60 million Ponzi scheme targeted; Morgan Stanley in hotseat.
May 22, 2012
Bachus Reintroduces SRO BillHouse Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.
May 22, 2012
FINRA Fines Citigroup for Inaccurate Mortgage DataFINRA announced Tuesday that it had fined Citigroup Global Markets $3.5 million for providing inaccurate mortgage performance information, supervisory failures and other violations related to mortgage-backed securities.