Displaying 229 results
Investing in precious metals may not be so safe, regulators warn
Joint effort by CFTC, NASAA and Finra flags risks and potential fraud, including common falsehoods and scams aimed at IRA investors.
Social media scams, crypto fraud on the rise: NASAA report
State securities regulators investigated 8,538 cases in 2022, up from 7,029 in 2021, according to the report.
State regulators oppose bill to allow private markets access through advisors
This idea may result in investors paying higher fees without requisite returns, argues state regulator.
Navigating the waters of IAR continuing education compliance
It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.
Brokerage industry applauds, PIABA criticizes approval of remote inspection proposals
'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
Finra asks SEC to extend remote inspections program
The rule allowing such inspections is due to expire at the end of this year, but Finra has asked to delay the expiration until June 30.
State regulators continue to oppose Finra remote supervision pilot program
Over nearly three years 'our branch examiners have refined their skills and become very adept at identifying risk remotely,' insists LPL Financial.
New leader of state regulators places emphasis on ‘risky’ digital assets
Hodgepodge of different regulations needs addressing, says securities lawyer.
What problems? Violations in NASAA sweep exams fall dramatically
States found lower rates of problems with investment advisors across numerous categories.
Brokerages make progress, but still fall short on Reg BI compliance: State regulators
'Efforts to address the standard of care concepts established by Reg BI remain perfunctory,' the NASAA report states.
NASAA launches program letting advisors maintain licenses longer while out of industry
'As a mother of three young kids ... I am so pleased to see NASAA recognizing the need for some flexibility,' an advisor says.
Finra adopts reforms to make it tougher for brokers to clear their records
Securities attorney hails 'good day for Finra and an even better day for investors.'
Permanent remote supervision? Not so fast
The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.
Six states impose $4.2M fine on Raymond James for excessive fees
The firm was also ordered to return $8.25 million to retail customers.
Investors continue to get roasted in pig-butchering schemes
The Alabama Securities Commission issues a cease-and-desist against two men who scammed 88 victims out of more than $22.5 million.
Seniors take $28.3 billion hit annually from financial exploitation, AARP finds
Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.
Digital asset fraud and pig-butchering schemes are top threats to investors, NASAA says
Many fraudsters are playing off of investors’ fears of economic uncertainty to perpetrate their scams.
These 2 state regulators are financial markets’ first responders when trouble strikes
William Galvin and Joseph Borg find and respond to violations at the ground level, where their constituents are harmed.
State regulators oppose expungement reform proposal approved by SEC
NASAA says Finra's modifications don't do enough to make it harder for brokers to clear customer disputes from their records.
SEC approves Finra expungement reform proposal
The measure establishes tighter procedures and a special roster of arbitrators to hear brokers' requests to clear their records of customer disputes.
