Financial Industry Regulatory Authority (FINRA)
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SEC limits who qualifies as a public arbitrator
The Securities and Exchange Commission has approved a Finra proposal that would restrict more individuals in securities disputes from serving as public arbitrators, including lawyers who represent plaintiffs.Under the rule, anyone who has worked in the financial industry at any point in his or her
Bill would end mandatory arbitration in brokerage contracts
Legislation introduced Thursday would ban such requirements for investor claims.
Senior Republican on Senate Banking Committee presses Finra on CARDS
Crapo tells Finra chief Ketchum system could jeopardize investor privacy, be used for government surveillance.
SEC's Michael Piwowar slams Finra data-collection proposal
Republican Piwowar criticizes Finra's plan for a massive brokerage data collection mechanism, asking whether it's a "solution in search of a problem."
Brokers do a better job at cybersecurity than investment advisers: SEC
Brokers do a better job at cybersecurity than investments adviser, according to the SEC.
Tittsworth exits IAA after waging battles on behalf of investment advisers
After 18 years, David Tittsworth is leaving the Investment Adviser Association, a group he led during a period of expanding regulation.
Prepping the advice business for cybersecurity laws, and vice versa
FSI sets sights on shaping any legislation dealing with data breaches and privacy to avoid 'one-size-fits-all.'
Regulators bare their teeth on excessive fees
Moves this week by Finra and the SEC signal watchdogs are ready to pounce on anyone overcharging clients.
Investor, consumer groups call on Finra to release more arbitration data
As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.
10 developments to watch in the independent broker-dealer industry in 2015
Advisers and their independent broker-dealers saw movement last year in regulation, investment products, business strategies, retirement vehicles and more. Here are 10 of the hottest topics, which are sure to continue to evolve as the year unfolds.LPL strapped with compliance chargesLPL Financial,
Finra hawks fiduciary in its regulatory priorities for 2015
Finra's just-released regulatory and exam priorities for the new year include an unusual directive that brokers act in the best interests of clients regardless of current rules.
SEC approves Finra background check rule
SEC approves Finra background check rule; expanded requirement faces industry pushback but could help firms avoid rogue hires.
SIFMA says Sony hack is cautionary tale for CARDS
The recent cyberattack on Sony Pictures Entertainment holds lessons for Finra's pending data-collection proposal, SIFMA executive argues.
Finra bars broker for ripping off elderly client
Former Wells Fargo Advisors broker charged with stealing nearly $89,000 and using it for personal expenses.
Finra fines WFG Investments $700,000
Finra fines WFG Investments $700,000 for failing to supervise registered reps