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>
Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weight.
<i>Breakfast with Benjamin</i>: Retail brokerages are shut out of the SEC's advisory committee for market reforms to protect retail investors.
Maine program offers potential model.
Markets remain vulnerable to manipulation by clever traders with computer skills
Group asserts its intent to 'continue to vigorously defend itself' against lawsuit
Over 60 brokers have jumped to LPL since October, MetLife alleges; former brokers strike back, accusing the insurance company of poor practices.
Nicole Petrosino, LPL's new head of federal government relations, outlines the firm's agenda, including getting advisers in front of their own elected officials
Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary's total efforts
Regulator charges Kimberly Springsteen-Abbott with misusing investors funds, fines her $100,000.
Government watchdog says securities regulator vulnerable to cyberattacks.
Opening the lines of communication with legislators helps build lasting relationships.
Broker-dealer regulator says parts of communications rules that would be excised include the filing of generic investment company material and shareholder reports.
Advocates say education, transparency better than a regulatory crackdown on alternatives.
