A Finra arbitration panel ordered Vladimir Eydelman to repay his former firm after he was fired in March amid charges of insider trading.
Jonathan Sokobin, the regulator's chief economist, will bring together a group of small firms to better understand costs and benefits of the proposal.
Group will advance recommendations, with a key focus on cost versus benefit.
Finra proposal bashed as an 'envelope-stuffer'
The role moving to the SEC would require brokers to put written procedures in place to verify the accuracy of applicants' U4 forms.
Advocate urges SEC leader to move ahead with split commission.
Consensus may never be reached, with Gallagher and Piwowar already against it.
SWS Financial Services charged with green-lighting variable annuity applications without proper review for suitability.
As a first step, communication and coordination between advisers, regulators needs to be improved.
Other issues state regulators are tackling include expungement, broker fee disclosures and REIT concentration in portfolios.
Calling a broker an adviser is dangerous, and it's time to embrace the black-and-white distinction.
Regulator reportedly questions whether fund company artificially boosted returns in its big fixed-income ETF by relying on lofty valuations; smaller firms could be at risk.
Less transparency for new products seems in conflict with the SEC's interest in increased disclosure of mutual fund holdings.
<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.
This edition of <i>Breakfast with Benjamin</i> covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.
Move comes as advice issues getting congressional attention.
The independent broker-dealer is set to open a public affairs office in the nation's capital in response to increased federal regulation.
Investors sued individuals after the firm, Allied Beacon Partners, ran out of capital and failed to pay earlier arb award.
Former general counsel sees room for organization to grow more
