All FINRA articles – Page 3

  • Blog post

    FINRA Chairman to Retire in 2016

    2015-11-02T10:15:00Z

    The Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States, recently announced that Chairman and CEO Richard Ketchum has announced his plan to retire in the second half of 2016. The Board of Governors will conduct a search for his ...

  • Blog post

    FINRA Pitches Safe Harbor For Firms Flagging Investor Exploitation

    2015-09-18T10:45:00Z

    The Financial Industry Regulatory Authority’s Board of Governors has advanced proposed rulemaking that would allow the firms it oversees to place a temporary hold on a disbursement of funds or securities if it has a reasonable belief that financial exploitation is occurring. The rule would provide firms with a safe ...

  • Blog post

    FINRA Fines Goldman Sachs $1.8M for Trade Reporting Failures

    2015-07-28T11:30:00Z

    Goldman Sachs Group has agreed to pay $1.8 million to resolve allegations by the Financial Industry Regulatory Authority that one of its units failed to accurately submit required trade reports, filed inaccurate trading data for more than eight years, and did not have adequate systems and controls in place ...

  • Blog post

    Investor Advocates Want SEC to Create National Broker Database

    2015-07-14T16:00:00Z

    A coalition of investor advocacy groups, including Public Citizen, the Public Investors Arbitration Bar Association, and the PIABA Foundation, is calling upon the SEC to supplement the Financial Industry Regulatory Authority’s BrokerCheck system for vetting financial professionals with a national disciplinary database and to make improvements to the existing ...

  • Article

    Mending Social Media Compliance Gaps

    2015-07-14T14:30:00Z

    Two recent studies hold both good and bad news on the state of social media compliance today: Compliance officers no longer approach corporate use of social media with the trepidation they once did, but those channels leave companies increasingly vulnerable to regulatory violations. According to these studies, the financial services ...

  • Blog post

    SEC Approves Tick-Size Pilot Program

    2015-05-11T11:45:00Z

    The SEC has approved a proposal by the national securities exchanges and the Financial Industry Regulatory Authority for a two-year pilot program that will widen the minimum quoting and trading increments, known as tick sizes, for stocks of some smaller companies. The program—to begin May 6, 2016—will include stocks of ...

  • Blog post

    SEC May Create One-Stop Database for Investors

    2015-04-09T16:30:00Z

    The SEC may consider the creation of a new public database that compiles the scattered array of information on financial professionals and securities laws violations. A proposal from its Investor Advisory Committee would link to existing databases run by regulators and self-regulatory organizations. More inside.

  • Article

    SEC, FINRA Dropping Hints on Risk

    2015-02-03T15:45:00Z

    Compliance officers looking to read some tea leaves about what worries the Securities and Exchange Commission these days might want to skim the 2015 exam priorities that the SEC and FINRA have posted. That guidance applies foremost to financial firms, but “it’s only a matter of time before they require ...

  • Blog post

    SEC Announces 2015 Examination Priorities

    2015-01-13T13:45:00Z

    The SEC has released its examination priorities for 2015. The list includes cyber-security controls and assessing anti-money laundering efforts, with a focus on firms that have not filed suspicious activity reports or have incomplete or late filings. SEC staff will also examine proxy advisory service firms, assessing how they make ...

  • Blog post

    FINRA Fines Citigroup $15 Million for Supervisory Failures

    2014-11-25T09:45:00Z

    The Financial Industry Regulatory Authority fined Citigroup Global Markets $15 million last week for failing to adequately supervise communications between its equity research analysts and its clients and Citigroup sales and trading staff. In settling this matter, Citigroup neither admitted nor denied the charges, but consented to the entry of ...

  • Blog post

    SEC Approves Rule Requiring Technology Safeguards

    2014-11-19T13:45:00Z

    Image: Nov. 19—Despite concerns that it may be too limited in its current form, the SEC unanimously approved Regulation SCI, new rules intended to strengthen the technology infrastructure of securities markets, improve their resilience, and enhance the Commission’s ability to oversee them. The rule includes attestation requirements for chief executive ...