FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
MF Global’s Corzine Tells Congress: I Don’t Know Where the Money Is
By James J. GreenIn 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.
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.
October 07, 2011
SEC, FINRA Sanction Chief Compliance Officers, Sutherland Report FindsA recent report by the law firm Sutherland, Asbill & Brennan analyzes recent SEC and FINRA actions against chief compliance officers at BDs and advisory firms, highlighting examples of conduct that regulators have identified as sanction-worthy.
October 05, 2011
FSI Members Storm Congress to Lobby for Advisor SROAdvisors and broker-dealer representatives descended on Capitol Hill on Wednesday to urge about 260 members of Congress to support Rep. Spencer Bachus draft legislation calling for one or more SROs to oversee investment advisors.
September 28, 2011
FINRA Disciplines Merrill, LPL, National Financial, Van KampenFINRA took disciplinary action against Merrill Lynch, LPL Financial, National Financial Services and Van Kampen Funds. Merrill was censured and fined $400,000 on findings that it failed to enforce its anti-money laundering rules.