The guidance would give the five-member commission a foundation for determining whether to advance a proposal to raise investment-advice standards for brokers.
Firm signs on to broker protocol as it moves to make sure its name is more prominent in the eyes of top advisers.
NASAA's Rick A. Fleming says he's the man for the job, to flag retail investor concerns.
As Finra looks to make BrokerCheck more visible, youthful indiscretions come back to haunt some advisers.
Regulator says $5 million of investor money lost in tenancy-in-common deals, $9 million siphoned off by principals
Plus: Deutsche Bank shows its hand with World Cup bets, Wall Street fines are a cash cow for the Treasury Dept., navigating Social Security before you retire, and eating at home gets pricey in a hurry.
In a new comment letter, the industry group contends that the rule would create undue regulatory costs.
Finra has withdrawn its controversial proposal that would have required brokers to tell clients about recruitment incentives.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.
On the <i>Breakfast with Benjamin</i> menu: Inflation data could turn doves into hawks. Plus: Oil could get a lot pricier in a hurry, insider trading runs rampant and SIFMA cuts its economic outlook.
Finra trimmed its operating loss last year, helped by a modest increase in revenue, but compensation and benefit costs continued to eat up a chunk of the SRO's funds. After eking out a slight net income gain, Finra set a rebate to member firms.
Finra kicks out a former Raymond James broker who allegedly stole $3 million from 13 clients. Mason Braswell reports.
SEC accuses adviser Neal Goyal of $11.4 million Ponzi scheme.
Afraid of another Madoff scandal, SEC commissioner Daniel Gallagher says RIAs should be forced to hire outside examiners. <i><a href="http://www.investmentnews.com/article/20140519/FREE/140519914">Plus: More from Finra's annual conference</a></i>
As in the past, budget is short of what agency says it needs to increase oversight of advisers.
Without outright endorsing the idea, executives say outside contractors should be considered as a way to increase oversight of RIAs.
Live from the FSI OneVoice Broker-Dealer Conference: Exams do 'deep dive' on sale of products such as nontraded REITs, Commonwealth's Tolley says. <b><i> <a href="http://www.investmentnews.com/section/video?playerType=Events&bctid=3117749314001&date=20140128">Check out a video interview with Dale Brown, where the organization's president and CEO offers his Finra wish list.</a> </b></i>
Lawyers plan to lobby Congress to curb mandatory arbitration and regulators' readiness to clear brokers' names.
At Finra, fines are less than 10% of the annual budget but make no mistake, they are important, says Mark Elzweig.
New proposed rule would prevent people with industry experience from becoming “public arbitrator.”
