Displaying 115 results
TIC investments come back to bite
In the wake of the real estate bust, tenant-in-common investments are coming back to bite the broker-dealers that…
Inside BlackRock’s ‘New World’
The “new normal” is so yesterday. BlackRock Inc. last week launched its first retail branding campaign, focused…
All-public panels are a hit with investors, Finra says
After nearly a full year, the Financial Industry Regulatory Authority Inc.'s program to let investor plaintiffs exclude industry…
Focusing on ‘yield chasing,’ Finra issues watch list
In a market defined by low interest rates, investors are searching for higher returns. But brokers had…
Wachovia/Wells to appeal verdict in raiding case
The bad blood between St. Louis crosstown rivals Stifel Nicolaus & Co. Inc. and the former Wachovia Securities LLC continues.
Merrill to pay $1 million over Finra arbitration regulations
Merrill Lynch Pierce Fenner & Smith agreed to pay $1 million to settle allegations that it circumvented Finra…
Justices toss suit against Finra
The Supreme Court last week declined to hear an appeal of a lawsuit filed in 2007 by a…
B-D wants Supreme Court to rule on Finra suit
Can a brokerage firm sue Finra? That's a question one broker-dealer is asking the Supreme Court to consider.
How did Corzine receive a free pass from Finra on exams?
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
Richard Ketchum: A man, a plan, an expansion
Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.
Indie status of reps in Calif. could have wide implications
A battle in California over whether representatives at two broker-dealers are employees or independent contractors could have far-reaching implications at independent broker-dealers across the country
Long, slow path looms for investment adviser SRO
On Wall Street, fortunes can be made and lost over the course of a trading day, and firms such as MF Global can collapse in a week
Finra outsider elected to seat on appeals board
Karen Fischer, a Boca Raton, Fla., compliance consultant, has won a small-firm seat on the Financial Industry Regulatory…
Enter bashing: Finra small-firm candidates tee off on each other
Two small-firm candidates have lost no time in squaring off in a bruising battle for a seat on…
Ousted Krawcheck could be bounced from Finra board
It may not be her biggest concern right now, but the recently departed Sallie Krawcheck will have to land a new gig at a large brokerage firm or resign her newly won seat on Finra's board
Finra dealt blow in fine collection
A court decision last week could make it easier for violators in the securities industry to keep ill-gotten…
Fiduciary timetable pushed back into 2012
Advocates of extending fiduciary duty to cover more financial advisers had their hopes dashed last week — at least temporarily — as the two federal agencies that have been considering such a rule acknowledged that no action will be taken this year
Re-pricing nontraded REITs: A thorny issue for broker-dealers
Independent broker-dealers and their representatives are contending with the potentially thorny issue of re-pricing shares of nontraded REITs — illiquid, long-term investments in commercial real estate
Ketchum warns that Finra is focusing on ‘hot’ investment
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 champions adviser SRO – and its own suitability for the job
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
