Financial Industry Regulatory Authority (FINRA)
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Broker-turned-congressman French Hill brings adviser skills to Capitol Hill
Background makes Arkansas legislator, no fan of DOL fiduciary proposal, a go-to source on financial services issues.
Brokers back regulator's tough stance on suitability
Brokers have endorsed a move by Finra to toughen sanctions for violations of the suitability rule even as they acknowledged the standard leaves room for interpretation.
Brokerage industry lobbying dollars dwarf investment advisers'
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Recent fine may hasten LPL Financial's shift to fee compensation
The broker-dealer acknowledges the growing importance of its fee and advisory businesses
Finra's longtime critics become its supporters and vice versa
Friday hearing with CEO Rick Ketchum finds Republicans on the attack and Democrats doing the defense.
Ketchum tells lawmakers CARDS is on hold, not dead
Finra chief Richard Ketchum says the regulator has put its CARDS proposal on hold but hasn't given up on the plan despite heavy pushback from critics.
SEC urges advisers to draw up and implement cybersecurity plans
The Securities and Exchange Commission is pushing investment advisory firms to establish and implement formal, written policies to combat data breaches.“Create a strategy that is designed to prevent, detect and respond to cybersecurity threats,” the SEC Division of Investment Management said in a
Interactive Brokers ordered to pay $1.2 million arbitration award
In rare dissent, one arbitrator says other Finra panelists were swayed by sympathy, not the law.
Regulators zero in on protecting elderly investors
Finra files cease-and-desist order against brokerage firm for sales to older customers.
Finra bars Wells Fargo broker who ran Miami nightclub
Aaron Parthemer, left, a Wells Fargo adviser for a number of NFL and NBA players, allegedly ran a hip hop dance club in South Beach without telling his employer.
How advisers can avoid Finra scrutiny over personal liens, judgments, or bankruptcies
While disclosures of negative personal financial events are not pleasant, the consequences of not making them can be severe.
Finra board approves changes to public communication rules
Broker-dealer regulator says parts of communications rules that would be excised include the filing of generic investment company material and shareholder reports.
SEC panel calls for a single database to run background checks on all financial professionals
The agency's Investor Advisory Committee recommends making it easier for investors to track securities violations by advisers and brokers, regardless of who regulates them.
Tony Thompson barred from securities industry
The regulator said he misrepresented $50 million private offering that later went into default
Finra arbitration panel awards investor $1.3 million from ex-Stifel broker
A Finra arbitration panel has awarded $1.3 million in damages to a Mississippi investor over the handling of her finances by a former broker for Stifel Nicolaus & Co. Inc.In a case filed in August 2012, Tracy Noble Gilbert accused broker Lanis Dale Noble, then with Stifel, of churning and breach of