Displaying 1185 results
The broker David A. Rockwell defrauded a bank when he applied for lines of credit in the names of two clients
The regulator's proposed rule would also allow brokers to leave the industry and maintain their registration longer if they complete continuing education, a move that could benefit women who step away to have families.
The industry finally has the data about rogue brokers who take refuge in the land of insurance sales, and the picture is pretty ugly.
In his first appearance on Capitol Hill since being confirmed as SEC chair, Gensler also addressed ESG and the gamification of investing.
Finra has allowed fully remote inspections during the pandemic, and the industry is now encouraging the regulator to make the temporary adjustments into long-term changes.
The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.
Goldman had discharged Jared Ailstock in 2019 after he faced allegations of inaccurate business expenses reimbursement reports. Finra barred Ailstock for not appearing to testify in its investigation of the matter, according to the order.
Firms scrambling to enhance their policies and procedures should focus on the three most common weaknesses — device security, software vulnerabilities and data privacy.
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
Selling away charges are at the center of three large customer complaints against ex-broker John Krohn. In 2018, Finra reached a settlement with Krohn in which he was suspended from the industry for three months and paid a fine of $10,000.
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
The agency charged two Cetera broker-dealers with breaching fiduciary duty and defrauding retail advisory clients in connection with the sales of mutual funds.
The 430-page rule updates the agency's marketing oversight for the first time since 1961 and applies to social media communications.
The agency is 'integrating climate and ESG considerations into [its] broader regulatory framework,' Acting Chair Allison Herren Lee says.
Member firms and trade associations representing them told Finra their pandemic experience has shown that supervisors don’t need to look over the shoulders of registered reps physically to ensure they’re following the rules.
The change puts pressure on firms' compliance operations, experts say. Facilitating the ability of SEC staff to issue subpoenas and take testimony is expected to make enforcement more agile and effective.
The SEC has awarded more than $738 million to 134 whistleblowers since 2012. But becoming a tipster could involve sacrifices.
Fiduciary advocates are pressing the Securities and Exchange Commission to overhaul the measure. FSI and other industry groups will lobby to keep it intact.
The broker-dealer self-regulator cited a surge of new retail investors entering the markets via online platforms, which has led to a spike in more sophisticated kinds of trading, such as options.
- Practice Management
- Social Security
- Individual Retirement Accounts
- Retirement News
- Women Adviser Community
- Alternative Investments