All FINRA articles – Page 2

  • Blog post

    FINRA wants firms to detail dabbling in virtual currencies


    FINRA wants the brokerage firms and exchanges it oversees to alert it if they engage in activities related to digital assets and cryptocurrencies.

  • Blog post

    Chief compliance officer, two broker-dealers charged with AML offenses


    The Securities and Exchange Commission on May 16 announced that it settled charges against broker-dealers Chardan Capital Markets and Industrial and Commercial Bank of China Financial Services for failing to report suspicious sales of billions of penny stock shares. Chardan’s chief compliance officer was also charged.

  • Blog post

    Former FINRA Associate General Counsel Brant Brown joins Willkie


    Brant Brown, former associate general counsel at the Financial Industry Regulatory Authority, has joined the international law firm Willkie Farr & Gallagher as counsel in the Washington office.

  • Blog post

    FINRA sanctions Citigroup Global Markets $11.5M for inaccurate research ratings


    The Financial Industry Regulatory Authority has fined Citigroup Global Markets $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations.

  • Blog post

    FINRA fines Raymond James $2M for flawed e-mail monitoring system


    The Financial Industry Regulatory Authority has fined Raymond James Financial Services $2 million for failing to maintain reasonably designed supervisory systems and procedures for reviewing e-mail communications, serving as a warning to compliance officers to review FINRA's guidance concerning the review and supervision of electronic communications.

  • Blog post

    FINRA fines J.P. Morgan $1.25M for failing to screen thousands of employees


    The Financial Industry Regulatory Authority fined J.P. Morgan Securities $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600—or 95 percent—of its non-registered employees, in violation of federal securities laws.

  • Blog post

    FINRA seeks feedback on capital formation rules


    The Financial Industry Regulatory Authority has opened a public comment period on existing rules connected to capital formation. The effort is part of an ongoing self-assessment by the agency.

  • Article

    New leadership, new priorities for FINRA


    A new year has meant some big changes for the Financial Industry Regulatory Authority, including several recent appointments, some new initiatives, and an update to the agency’s enforcement priorities.

  • Blog post

    Some key cyber-security tips for financial firms


    As the SEC and FINRA are taking cyber-security much more seriously, John Reed Stark outlines a few ways in which financial firms can also do more to protect their data.

  • Blog post

    FINRA digs deeper into blockchain challenges


    A new FINRA report looks at how blockchain technologies will be used throughout the securities industry and is seeking feedback from the marketplace. Joe Mont reports.

  • Blog post

    FINRA details 2017 examination priorities


    The Financial Industry Regulatory Authority has released its annual “Regulatory and Examination Priorities Letter,” an overview of areas it plans to focus on in 2017 exams. More from Joe Mont.

  • Blog post

    FINRA fines Deutsche Bank $6 million for submitting inaccurate trade data


    The Financial Industry Regulatory Authority fined Deutsche Bank Securities $6 million for failing to provide complete, accurate trade data in an automated format in a timely manner when requested by FINRA and the U.S. Securities and Exchange Commission. Jaclyn Jaeger reports.

  • Blog post

    FINRA announces CEO transition


    The Financial Industry Regulatory Authority’s Board of Governors has concluded its CEO search, and appointed Robert Cook as president and chief executive officer, effective the second half of 2016. Cook will succeed Richard Ketchum, who has served as chairman and CEO since 2009. Joe Mont has more on the transition. ...

  • Blog post

    Proofpoint releases Proofpoint Intelligent Supervision


    Proofpoint, a next-generation cyber-security and compliance company, announced the release of Proofpoint Intelligent Supervision, designed to significantly accelerate FINRA, SEC, and IIROC compliance review and reduce audit time.

  • Blog post

    FINRA fines compliance officer for AML compliance failures


    The Financial Industry Regulatory Authority has fined Raymond James & Associates and Raymond James Financial Services a total of $17 million for widespread failures related to the firms’ anti-money laundering programs. RJA’s former AML compliance officer was also fined and suspended for three months.

  • Blog post

    CCOs facing greater personal scrutiny from regulators


    The Man from FCPA, Tom Fox, examines the recent FINRA disciplinary action against Raymond James CCO Linda Busby, in light of what appears to be broadening personal liability for chief compliance officers when it comes to FCPA enforcement.

  • Blog post

    Insured Retirement Institute partners with Gainfully


    The Insured Retirement Institute has announced a new partnership with Gainfully, a first-of-its-kind open marketing platform for the financial services industry. Through the partnership, financial advisors can now leverage the Gainfully platform to share relevant and timely content with their clients using social media in an SEC and FINRA-compliant environment. ...

  • Blog post

    FINRA issues first cross-market report cards


    The Financial Industry Regulatory Authority has launched new, monthly “cross-market equities supervision report cards,” aimed at helping firms identify and halt potential manipulation, including spoofing and layering activity.

  • Article

    Market shifts, SEC priorities spark debate of FINRA’s future


    Changes may be afoot at the Financial Industry Regulatory Authority as Congress and others ponder whether its duties should expand, compress, or just be folded into the Securities and Exchange Commission. Amid the debates one thing is clear: FINRA is doubling down on its enforcement efforts.

  • Blog post

    FINRA Deputy Chief Counsel returns to Foley


    Dean Jeske, Deputy Regional Chief Counsel in the Enforcement Department of the Financial Industry Regulatory Authority, is returning to the securities enforcement and litigation practice of law firm Foley & Lardner as a partner in the firm's Chicago office.