Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies and clearing firms.
Finra-crafted rule creates new license for administrative personnel; exam mandated
Depreciation schedule on the President's radar; aviation industry feeling 'singled out'
Finra's variable annuity suitability rule should be old news to broker-dealers, but firms that want to steer clear of an arbitration land mine ought to review their procedures.
A petition signed by about 5,200 financial planners has been delivered to the Securities and Exchange Commission, urging it to impose a universal fiduciary duty on anyone providing retail investment advice
Raymond James Financial Inc. could face a loss of $25 million to $50 million if it has to buy back distressed auction-rate securities from clients immediately
SEC chairman Mary Schapiro told House lawmakers that the agency's system for leasing space had “significant flaws,” and that the federal General Services Administration will likely take over that role
Finra yesterday began surveying registered representatives and principals about their job functions as a first step in updating qualification exams.
Just as financial advisers are embracing alternative investments as a way to generate income for clients, their chief regulator is warning them of the perils of one such type of offering: structured products
Finra is spending hundreds of thousands of dollars this year to lobby Congress to authorize a self-regulatory organization for investment advisers — a role that it would like to fill itself
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to authorize payments to him and his law firm of $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Mr. Madoff's arrest
Hughes Hubbard & Reed LLP were paid $19.2 million in fees and $284,451 for expenses from June 1 through Sept. 30. High fees in the liquidations of the Lehman brokerage, and of the jailed Ponzi-scheme operator Bernard Madoff's firm, might deplete the $2.5 billion fund of the Securities Investor Protection Corp., an audit found.
John Hancock's new fiduciary program for high-end advisers beats coming regulation to the punch
The SEC's action last week in setting new deadlines for midsize financial advisers' switch to state registration should assuage many about the lack of a clear timetable
The Ohio Division of Securities issued a notice that it intends to file a cease-and-desist order against a banned broker who allegedly continued to act as an investment adviser
Scrutiny over whether broker-dealer representatives are employees or independent contractors is heating up again in California as a bill works its way through the state Legislature that would punish firms for willful misclassification
Report indicates nearly 50 have bolted since firm has zeroed in on stability, liquidity of fund firms
