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Finra's Susan Axelrod: Finding a job you love is what matters
My professional life started on Wall Street — a male-dominated environment that has evolved a lot over the course of my career — and that has shaped who I am personally and professionally.
Investor lawyers say Finra moving too quickly on arbitration unit
Plaintiffs' attorneys representing investors are calling on Finra to slow down a proposal that would bring its dispute resolution arm back in house.The Public Investors Arbitration Bar Association said that the industry-funded broker-dealer regulator has not provided enough time to comment on the
Finra arbitration cases are down, but the rest of the year may tell another story
A former Finra director says wild market gyrations over the summer will induce cases that could take months to fully reveal themselves.
Latest sentencing in $1.2B Scott Rothstein Ponzi scheme
Michael Szafranski was the financial adviser to the scheme's mastermind, Scott Rothstein.
Finra efforts fail to reduce brokers' record-cleansing: PIABA
Between 2012-14, expungement was granted in 87.8% of cases in which it was sought, according to the Public Investors Arbitration Bar Association.
Mandatory arbitration reform on the docket at CFPB
Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
As DOL fiduciary heats up, both sides dig in
Battle over the Labor Department's proposed fiduciary rule reaches a new level of nasty.
Mary Jo White's record scrutinized by critics and supporters
As she enters what could be her last year as chairwoman of the SEC, experts grade Mary Jo White's performance.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
LPL and $775 million adviser part ways amid investigation
The broker-dealer and its top adviser in Louisiana cut ties after the adviser received a Wells notice announcing a Finra investigation. Adviser says the separation is unrelated.
Finra presses ahead with proposal to temper expungement
The regulator's Board of Governors authorized amendments to the code of arbitration and also approved a separate item to protect senior investors.
Finra board to consider tougher expungement guidance to arbitrators
Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weight.
UBS to pay $2.9 million to settle investor Puerto Rico claims
Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
Morgan Stanley ordered to pay $2.4M arbitration award over former broker's trades
Broker Steven Mark Wyatt was accused of unauthorized and excessive stock-market trading during and after the 2008 financial crisis.
Royal Alliance to pay $1.4 million over nontraded REIT, VA sales
Award is tied to string of cases brought by retirees who said a broker placed them in unsuitable investments.