Displaying 35 results
Court tosses long-running suit against Finra
A federal appeals court last Tuesday agreed that a lawsuit brought by a brokerage firm over the 2007 merger of NASD and the regulatory arm of the New York Stock Exchange should be thrown out
NASD could have paid members a lot more for OK’ing merger with regulator: lawsuit
NASD could have paid two to three times more than the $35,000 given to member firms in exchange for approving its 2007 merger with the New York Stock Exchange's regulatory unit, according to an attorney who represents two brokerage firms that are suing NASD.
Lawsuit over NASD-NYSE merger revived
A federal appeals court yesterday kept alive a long-running lawsuit that challenged the National Association of Securities Dealers merger with the New York Stock Exchange's regulatory unit in 2007.
Ex-exec at Stratton Oakmont guilty of fraud — again
A former executive at Stratton Oakmont, a notorious boiler room, has been found guilty of securities fraud — more than 11 years after he was kicked out of the industry by NASD Regulation.
Finra must review its exam process for broker-dealers
A recent report that details Finra's inability to detect R. Allen Stanford's long-running, $7.2 billion fraud clearly shows that the securities industry self-regulator has gaping and significant problems related to its exams of broker-dealers.
Stocks mostly lower; Nasdaq buoyed by Intel news
Stocks mostly fell Friday as investors hesitated to extend the market's recent rally despite an improved outlook from Intel Corp.
Nasdaq names execs
Jeff Singer will head Nasdaq International; Eric Bernbach named vice president of Eastern region.
Investors duck arbitration fees
As the Financial Industry Regulatory Association’s arbitration system faces mounting criticism for being too costly for investors, some industry observers are countering with a little-discussed fact: Investors routinely fail to pay a large portion of their securities arbitration bills.
SRO opens for business
It’s official: The NASD, the securities industry’s regulatory group, and the New York Stock Exchange’s regulatory arm, united today as FINRA.
Panel: Firm was ‘cozy’ place for fraud
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
FPA blasts SRO name
The FPA objects to the new moniker for the SRO created from the merging of NASD and NYSE.
Securities America fined $375,000
A securities company has been fined for improperly shared directed brokerage commissions.
A.G. Edwards fined for poor supervision
An NASD arbitration panel found A.G. Edwards liable for $258,300 for failure to properly supervise broker Robert Canfield.
NASD hands down hefty rulings
NASD has hit four broker-dealers with upwards of a combined $1.25 million in fines for violating mutual fund rules.
Wachovia slapped with $2M fine
NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.
Proposed SRO dubbed SIRA
NASD and NYSE's self-regulatory organization will be called the Securities Industry Regulatory Authority, or SIRA.
Citigroup settles with NASD for $15.2M
Citigroup Inc. agreed to pay $15.2 million to settle claims with NASD that its brokers misled employees of BellSouth Corp.
Foes of SRO merger want docs unsealed
Lawyers are arguing about unsealing an opinion produced in the suit challenging the SRO merger.
SEC rejects broker’s anti-NASD complaint
The Securities and Exchange Commission has thrown out complaints filed by Sky Capital LLC against NASD.
NASD hits HSBC with fine
NASD has fined New York's HSBC Brokerage $250,000 for failing to ensure best execution of its government securities orders.
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