Regulator would also cross-check broker disclosures against public court documents.
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
MF Global Inc., the defunct brokerage once led by Jon Corzine, will begin final distributions to satisfy $6.7 billion in claims from former customers, starting tomorrow and lasting several weeks, the trustee overseeing the repayments said.
At its board meeting, the regulator put out for public comment changes to how firms link to its BrokerCheck database. It also backed changes to how it defines arbitrators and moved to prohibit firms and brokers from putting conditions on settlements.
SEC member Luis A. Aguilar discusses how the regulator is helping to foster improved ethics and responsibility.
Weaknesses found in way agency authenticated users, authorized access and encrypted data.
The <a href="http://www.investmentnews.com/article/20140310/FREE/140319990">proposed Finra bonus disclosure rule</a>, which could curtail the size of mushrooming recruiting packages, exposes a chasm in the advisory industry, pitting smaller broker-dealers against large wirehouses and RIAs.
Incoming Finance Committee chairman, 32 other senators support maintenance of tax expenditure.
Independent broker-dealer Berthel Fisher & Co. Financial Services Inc. scored a victory this month in an arbitration over an investor seeking $934,000 in restitution for investing in a real estate deal involving an office building in Minnesota.
Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company's officer or director and to pay $10 million to settle claims by New York's attorney general that he misled investors about the bank's 2009 purchase of Merrill Lynch & Co.
Brokerage industry is only one in which professionals as deemed guilty until proven innocent.
Following the rules while using social media is not as hard as you think. Try it. You might like it.
B-D that was part of Massachusetts settlement is now facing questions from Pennsylvania
<i>Breakfast with Benjamin:</i> The bull run is not over; neither is the spike in volatility. Plus: The upside of suddenly cheaper stocks, JPMorgan's big miss, mutual fund investors always get creamed, placing speed bumps in front of high-frequency traders and not having Kathleen Sebelius to kick around anymore.
Advocates of higher standard surprised at SEC official's comment
That's how a forensic accountant described the financial condition of superstar adviser Don DeWaay, who today agreed to a $3M settlement with investors.
The new SEC investor advocate establishes the narrative with story about his upbringing.
B-D regulator picks communications and gratuities &mdash; areas with plenty of complaints, questions &mdash; for initial focus.
<i>Breakfast with Benjamin:</i> All eyes are on earnings. Plus: The SEC discovers high-frequency trading, momentum takes out passive investors, AAA credit ratings becoming extinct, new love for emerging markets, six solid stocks to watch this week, overwhelmed at the IRS, and Switzerland votes for the world's highest minimum wage.
Tackles broker communications with the public as well as gifts, gratuities and non-cash payments; will look at other regulations.
