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.”
One of several tax extenders the committee will take up Thursday.
Some branch managers are telling prospects that they should consider moving now before Finra's looming bonus disclosure rule goes into effect.
<i>Breakfast with Benjamin:</i> Currencies feeling pressure from Iraq. Plus: Gold bugs still not convinced of the next big move, select energy stocks correlate with Iraq unrest, Americans are unable to save money in this economy, and the SEC zeros in on liquid alternative funds.
Interest groups lobbying Congress on behalf of financial advisers spent anywhere from $20,000 to nearly $2 million in the first quarter. Mark Schoeff reports on who spent what.
After several months of deliberations, Finra has expanded its pool of arbitrators and is ready to move forward with the hundreds of complaints related to collapses in Puerto Rico bond funds. That doesn't necessarily mean smooth sailing.
In confidential meeting, firms' attorneys oppose allowing arbitration cases to be heard in Southeast venues.
SIFMA chief Bentsen says new rules will mean either higher fees or fewer services.
Finra fines Merrill Lynch $8 million for failing to waive mutual fund sales charges to certain charities and retirement accounts and requires the wirehouse to pay back $89 million in restitution.
Finra has asked the SEC to approve a round of fee increases in its dispute resolution forum as it looks to boost pay for its force of around 6,300 arbitrators. The increase could add up to $400 per case,
Regulator still reviewing industry comments on rule to give investors better handle on share values.
Expelled from the industry last October, the troubled broker-dealer tweets every day.
