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Finra censures C.L. King for role in hedge fund’s ‘death put’ strategy
Firm fined $750,000 for alleged misrepresentations to issuers in bond redemptions.
Jailed broker Mark David Holt loses $477,000 Finra arbitration
The case is the latest setback for Mr. Holt, a former attorney who has been disbarred, thrown out of the securities industry and is currently serving a 10-year prison term.
Saying you are a fiduciary does not mean you are a fiduciary
The brokerage suitability model is rife with conflicts of interest, but the RIA model is not pure.
DOL fiduciary rule has enforcement gaps — and they could widen
Parts of the rule not subject to a contract requirement don't offer investors an avenue to recover losses if they receive bad advice.
Congressman intends to hold Finra’s feet to the fire on how SRO spends fine money
Rep. Brad Sherman said he'd introduce legislation if he had to in order to get Finra to comply.
Edison International agrees to pay $13.2 million in 401(k) fee lawsuit
The monetary agreement follows a court ruling last month.
Our best tool against the DOL fiduciary rule is data
We must ensure that regulators and the public hear detailed, quantitative information.
Dawn Bennett’s alleged Ponzi a sign of dark times
Is Ms. Bennett's alleged scheme a harbinger of other such frauds?
How technology can help advisers manage a new compliance landscape
A technology audit can help ensure your firm is taking the necessary steps to meet new and changing compliance requirements.
House lawmakers grill Finra CEO Robert Cook on fine money, executive pay, transparency
Robert Cook points to the regulator's in-house operational review, Finra 360, and says it will likely yield 'transformational change.'
Congress likely to ‘push down’ the priority of killing DOL fiduciary rule
A fiduciary rule repeal isn't as important as other legislative issues, such as the debt ceiling and tax reform, according to Rep. Phil Roe.
SEC says RIA stole $1 million from clients, using some of it to support gambling habit
Scott Newsholme allegedly stole $1 million, using funds for personal expenses, a gambling habit and to pay back early investors.
House holding oversight hearing on Finra today
Financial Services subcommittee will explore self-regulator's agenda, structure and in-house operational review.
Radio host arrested for ripping off investors of millions in alleged fake-ticket scam
Regulators say Ponzi scheme claimed access to shows including Adele, Justin Bieber and 'Hamilton.'
Dalia Blass could tackle fiduciary standard as first order of business at SEC
She is also expected to set the agenda for ETFs, an area in which she has expertise from her previous time at the SEC.
Battle lines form as SEC considers new fiduciary rule
The Securities and Exchange Commission should not blend investment-advice standards that apply to investment advisers and brokers, as…
Sen. Elizabeth Warren urges DOL to implement fiduciary rule without delay
She cites financial company leaders who have said they are prepared to comply with rule as is.
Action must be taken to make Finra more accountable
The SEC or Congress should consider forming an independent commission to consider Finra's future.
Finra: Who’s watching the watchdog?
The regulator wields enormous power over the securities industry with little meaningful oversight.
Finra fines ex-Morgan Stanley rep for secretly settling with client
The Miami-based broker is also suspended for 15 days
