Regulatory
Project On Government Oversight Slams FINRA And Says Self-Regulation Is Not Real Regulation
The Project For Government Oversight says the financial crisis makes it "it painfully clear that we can't trust the financial industry to regulate itself" and offers a bullet list of reasons why FINRA should not be named the SRO.
FINRA's "top 18 executives and board members received nearly $23 million in compensation and benefits in 2009," says POGO investigator Michael Smallberg. "since FINRA believes it shouldn’t have to follow the pay model set by government agencies or non-profit organizations; this excessive executive
Mastermind Of Old-Fashioned Ponzi Scheme Sentenced To 14 Years In Jail
A former broker who ran an $16 million medical debt scam on her elderly clients now faces the prospect of spending the rest of her life in prison.
Congressional Hearing On Advisor Regulation Coming Next Week
The House Financial Services Committee has set a hearing on advisor oversight for next Tuesday.
Five Brokerage Firms Punished For Nebulous "Handling Fees"
FINRA has cracked down on several broker-dealers for failing to disclose that they were loading added fees on top of their normal trading commissions.
FINRA Slapped With Age Bias Lawsuit
The former head of FINRA's New York regional office has sued the regulator for what he says is age discrimination.
