Finra has withdrawn its controversial proposal that would have required brokers to tell clients about recruitment incentives. The move took industry watchers by surprise; some expect the regulator to float a new proposal.
Finra kicks out a former Raymond James broker who allegedly stole $3 million from 13 clients. Mason Braswell reports.
Some branch managers are telling prospects that they should consider moving now before Finra's looming bonus disclosure rule goes into effect.
After several months of deliberations, Finra has expanded its pool of arbitrators and is ready to move forward with the hundreds of complaints related to collapses in Puerto Rico bond funds. That doesn't necessarily mean smooth sailing.
In confidential meeting, firms' attorneys oppose allowing arbitration cases to be heard in Southeast venues.
Finra fines Merrill Lynch $8 million for failing to waive mutual fund sales charges to certain charities and retirement accounts and requires the wirehouse to pay back $89 million in restitution.
Finra has asked the SEC to approve a round of fee increases in its dispute resolution forum as it looks to boost pay for its force of around 6,300 arbitrators. The increase could add up to $400 per case,
Expelled from the industry last October, the troubled broker-dealer tweets every day.
CEO Richard Ketchum says the regulator continues to update its controversial data collection proposal. <i>Plus:</i> <a href="//www.investmentnews.com/article/20140415/FREE/140419941"" target=""_blank"" rel="noopener noreferrer">How data collection is key to catching rogue brokers</a></i>
Wells Fargo is testing new models that would pay on a salary plus commission basis in effort to attract Millennials
