FINRA

Just when you thought FINRA could not possibly extract more large fines in connection with the Order Audit Trail System more damage is being reported ...

We’ve written before about the old wire transfer scheme: an imposter hacks into a customer’s e-mail account to make unauthorized third-party withdrawals (BD Watch, July ...

With the Oct. 1 compliance date for FINRA rules tied to qualification and registration requirements fast approaching, the SRO has released nearly 30 frequently asked ...

It seems like an idea that only plaintiffs’ lawyers could love: forcing firms to divulge the amount of insurance they carry when they are sued ...

Suspect that one of your reps may be engaged in excessive trading? Better investigate or put some meaningful restraints in place. Otherwise, you risk ending ...

Has the annual compliance meeting outlived its usefulness? Some of your peers think so, and FINRA itself may be open to reconsidering it. You know ...

The consolidated audit trail project continues to be plagued by missed deadlines. But a new status report from the Director of the SEC’s Division of ...

Mismarking can be costly. Citigroup Global Markets has paid a $5.75 million fine for failing to supervise a group of traders who mismarked the value ...

Don’t say you weren’t warned.   In early May, announcing a settlement with Fifth Third Securities over the marketing of variable annuities, a top FINRA ...

The number of FINRA-registered brokerage firms and the registered reps working for them have continued their steady decline. The sobering statistics come from the SRO’s ...