Compliance
SEC Rewards Whistleblower With $150,000 Payout; This Is One Part Of Dodd Frank That Is Working
- Details Category: Regulatory
The Securities and Exchange Commission today announced an award of more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors.
While the July 2010 enactment of Dodd-Frank legislation has been a slow and messy process, this was the sixth whistleblower to be awarded through the SEC’s whistleblower program since it began two years ago. This will help increase trust in the U.S. investment system.
Board of Governors Authorizes FINRA To File Recruitment Compensation Proposal With SEC
- Details Category: Registered Reps
The Financial Industry Regulatory Authority (FINRA) today announced that its Board of Governors approved a proposal requiring brokers to disclose recruitment compensation paid to them as an incentive to move to a new firm. The proposal needs to be submitted to the Securities and Exchange Commission (SEC) for review and approval. If approved, brokers would need to disclose their recruitment compensation to any customers that choose to follow them to their new firm for a full year.
Register For Free For SEC Seminars For RIA Compliance Chiefs In Chicago, New York, Atlanta And San Francisco
- Details Category: Registered Investment Advisors
The Securities and Exchange Commission announced the schedule for its upcoming Compliance Outreach Program regional seminars in Chicago, New York, Atlanta, and San Francisco for investment adviser and investment company senior officers, including chief compliance officers (CCOs). Here's the online registration form for the free in-person seminars.
Summarizing The Current Position Of Stakeholders In Decision On Naming FINRA To Oversee RIAs
- Details Category: Regulatory
As Congress and the SEC near a time for reckoning on implementing Dodd-Frank reforms in the regulation of investment advisers, Wall Street, RIAs, FINRA, and other stakeholders are digging in their heels and readying for a Washington, D.C. showdown.
With that dramatic backdrop, Mark Schoeff wrote a solid piece of reporting in today’s Investment News profiling FINRA. Schoeff provides a balanced appraisal of the self-regulatory-organization (SRO) landscape in the financial services industry.
Why Do So Few RIAs Accept Finra's Invitation To Administer Arbitrations With Clients? It Might Not Be Just Because They Don't Like Finra
- Details Category: Registered Investment Advisors
Finra, the brokerage industry regulatory body, opened its arbitration system up for RIAs to use in October 2012, but few RIAs have taken Finra up on its offer, even though it would cost less than conducting the arbitration through the American Arbitration Association.
More Articles ...
- Massachusetts Settles Allegations With Five Independent Broker Dealers For Improper Sales Of Non-Traded REITs, Returning Over $11 Million To Investors
- Are Brokers Fiduciaries, Even Though They Accept Commissions? Yes, Says Financial Advice Ethics Expert Ron Rhoades
- RIA Brochure Delivery Rule: Do I Really Have To Deliver This "Thing" To Clients If I Made No Material Changes Since Last Year?
- Securities Lawyers Investigate Losses In UBS Willow Fund
