Compliance
Morgan Stanley Loses Data On 34,000 Clients, Says "Sorry"
- Details Category: Books & Records
From an investor's perspective, Morgan Stanley has just had to confess that the ultimate nightmare has come true: the firm has lost CD-ROMs containing personal information on 34,000 clients.
Stung By Sharp Criticism, FINRA Vows Changes In Its Examination Protocols
- Details Category: Registered Reps
Whether you blame Madoff or simply an impression that FINRA is "soft" on brokers, the regulator has promised deeper branch-level exams coming in the next few years.
Auction-Rate Products Cost Raymond James $300 Million, But Morgan Keegan Dodges A Bullet
- Details Category: Registered Reps
Raymond James has agreed to buy back $300 million in auction-rate securities to settle claims that its affiliates sold the instruments as being as good as cash, while a judge gave Morgan Keegan a pass.
The Margin Between State And SEC Regulation Widens To Give RIAs More Flexibility
- Details Category: Registered Investment Advisors
For RIAs on the edge of the $100 million line that will soon divide state from SEC supervision, life just got a little brighter.
SEC Examiners Cracking Down On Unsuitable Sales Practices And Annuities While FINRA Tackles "Risk-Free" Structured Products
- Details Category: Regulatory
The regulators are redoubling their efforts to fight the known problem areas of the last few years: the structured products that brought down several broker-dealers, annuities, and abusive sales practices in general.
