The self-regulator suggest barring offenders, expelling more firms, upping suspensions to two years.
Pair sold $4.3 million of Investments fraudulently marketed as "safe as CDs" and "federally insured," regulator says in suit.
Members of the five-person commission have clashed over whether the regulator unfairly cracks down on such professionals.
Gallagher, Aguilar at odds on how regulator treats CCOs.
SALT conference panel agrees partisanship is worse than ever; blames media.
Chairwoman Mary Jo White says may float proposal that would outline why agency sends cases to its judges.
Along with financial industry, group of legislators ask for extension of public comment period on new proposal.
20-year agency vet takes helm after serving as acting chief since February, when Norm Champ left.
He's afraid that DOL and SEC could end up with two different standards, and that would confuse the public.
Friday hearing with CEO Rick Ketchum finds Republicans on the attack and Democrats doing the defense.
Groups say they need an extra 45 days above the 75-day comment period to respond.
Retirement plan experts predict a major shake-up in the way broker-dealers do business with small retirement plans and IRAs — all thanks to a prohibited transaction exemption in the Labor Department's new fiduciary duty proposal.
Raymond Schmidt borrowed some $2.25 million from customers to build an island retreat without notifying his firm, Finra said.
You must become the point of inspiration for moral, ethical and prudent decision-making.
Next step could be to hold them accountable for data breaches.
The regulator is still doing research, but expects to move forward in the “short term,” said Susan Axelrod, executive vice president of regulatory operations.
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.
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>
