Finra has warned investment advisers to examine the effectiveness of their social-media compliance programs based on findings from recent SEC adviser examinations.
The Financial Industry Regulatory Authority Inc. has backed away from a proposal that would have required broker-dealers to file social-media postings with the regulator.
Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.
Can a brokerage firm sue Finra? That's a question one broker-dealer is asking the Supreme Court to consider.
Finra conducted nearly twice as many branch exams in 2011 than 2010. Enforcement actions were up, as well. Expect more of the same in the coming year.
Wells Fargo & Co. will pay up to settle criminal charges and civil claims for Wachovia Bank's conspiring to overcharge state and local governments on investments.
A Finra panel has ordered broker-dealer CapWest to pay a whopping $9M to clients for selling them faulty private placements. There's just one catch: the B-D went bust last year and, according to an attorney, has 'zero assets -- there's not even an obsolete telephone book.'
Finra in no way gave special treatment to Jon Corzine, former chief executive of bankrupt MF Global Inc., according to CEO Richard G. Ketchum
The SEC last month slapped a financial adviser and radio personality known as “The MoneyMan” with fraud charges after his firm encouraged clients to invest in promissory notes linked to a company with which he was associated
Obama's CPFB appointment won't propel Dodd-Frank into GOP debate
MetLife Inc. must defend a lawsuit by the beneficiary of a policy who claimed the insurer paid $302,000 to the wrong person.
Regulator fines Wells Real Estate unit $300K for misleading marketing; says distributor claimed Wells Timberland was a REIT when it wasn't
Accounting firms would have to consider how much risk their clients take when auditing brokerage firms under rules proposed by the Public Company Accounting Oversight Board.
The Public Company Accounting Oversight Board voted today to charge fees on 640 B-Ds to help pay for examinations of their auditors. Non-custodians may get off the hook, though.
Massachusetts securities regulators filed a trio of actions today against investment advisers who defrauded customers out of millions of dollars
CFTC officials tell Senate panel they're still searching for the failed B-D's funds
A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.
Making it to the top of Goldman Sachs brings wealth, prestige — and apparently a waiver from Finra from taking the broker exams it regularly requires of others in the securities industry
If Dale Brown were a movie producer instead of a lobbyist for independent broker-dealers, he might be preparing a sequel.
