Next step could be to hold them accountable for data breaches.
A candidate for Finra's board of governors has launched what he calls a “dissident campaign,” asserting he will try to prevent the regulator from “antagonizing” members, especially independent broker-dealers.
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.
The recent cyberattack on Sony Pictures Entertainment holds lessons for Finra's pending data-collection proposal, SIFMA executive argues.
Case, involving 48 sales, stems from an 81-year-old investor who lost a substantial amount on the product.
Ketchum dodges criticism over the regulator's data collection program, says 'it's still very early in the game.' <i>(Also: <a href="//www.investmentnews.com/section/video?playerType=INTV&bctid=3884369463001&date=20141110"" target=""_blank"" rel="noopener noreferrer">Incoming SIFMA chair worries about CARDS' cost, security</a>.)</i>
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.
Maine program offers potential model.
Group asserts its intent to 'continue to vigorously defend itself' against lawsuit
Nicole Petrosino, LPL's new head of federal government relations, outlines the firm's agenda, including getting advisers in front of their own elected officials
