Displaying 32 results
Broker, executive hit with $1M arbitration loss over GWG bonds
'The financial advisor recommended he put the entire amount in GWG L bonds,' the claimant's attorney says.
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
Should the SEC turn to a third-party organization to help it increase the number of exams?
Number of brokerages fell, registered rep total increased in 2022, Finra reports
Brokerages suffered financially during the market downturn last year, with net income and revenue falling sharply in 2022.
What’s behind the phenomenon of advisers behaving badly?
Greed alone doesn’t explain the appalling acts some advisers commit against their clients.
Number of registered reps, brokerages declined again in 2021: Finra
While the number of firms decreased, aggregate revenue for Finra-registered firms rose to $398.5 billion in 2021, up from $361.9 billion in 2020.
Credit Suisse ordered to pay former brokers about $10 million
The decision by Finra arbitrators is another win for advisers who say the firm owes them money after an October 2015 decision to shut its U.S. private bank.
Finra slaps RBC with $1 million in penalties over bond sales
The regulator says the firm failed to review more than 100 accounts for junk-bond concentrations.
GAO recommends SEC tighten oversight of Finra
The Government Accountability Office's report analyzed 69 SEC reviews of Finra since fiscal 2018.
Advisers want better communication with regulators on senior abuse
They also want to extend the 15-day window under state and Finra rules to hold disbursements from accounts when abuse is suspected.
Finra set to review rules on sales of complex products
The broker-dealer regulator's move comes as the SEC launches a study of the risks associated with complex exchange-traded products that could lead to rulemaking.
Regulators: Trading app nudges could be investment advice, trigger Reg BI
The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.
Broker barred after casino tip allegedly cost 31 NFL players $43 million
Stop us if you heard this one before: Finra has banned a broker who allegedly convinced scores of NFL stars to go into an unsuitable investment (this time, a casino). And yes, the deal went bust.
