Compliance
FINRA Conducting Swath Of Investigations To Get To Know Broker-Dealer Practices
- Details Category: Advertising Compliance
FINRA is conducting a wide sweep of investigations of broker-dealers on conflicts of interest. FINRA claims it simply wants to get to know broker-dealer practices better. But industry attorneys say FINRA could be ramping up for increased enforcement actions.
SEC's Schapiro Steps Up Efforts To Ensure Integrity And Capacity Of Computer Program Traders
- Details Category: Regulatory
SEC chair Mary Schapiro came down staunchly against Knight Capital LLC after its computer trading debacle on Wednesday, August 1, forcing the firm to find help elsewhere as it faced debilitating losses. The computer trading error has prompted the SEC to step up mandates that exchanges and other trade centers ensure the integrity and capacity of their systems.
Government Accountability Office (GOA) Says FINRA Should Review 10 Of Its Rules
- Details Category: Regulatory
There are 10 rules the Government Accountability Office (GAO) says that FINRA should review. One of those includes instituting a system designed to review rules on a regular basis. Since there is no such system in place, there is no capability for measuring on a systematic basis if the rules FINRA institutes are being effective.
Bachus Backtracks After Democrats Introduce Bill Saying SEC Should Regulate RIAs; A Surprising Turn Of Events But Debate Will Likely Drag Into 2013
- Details Category: Regulatory
On a day when major news broke about the regulation of Registered Investment Advisers, Investment News’s Mark Schoeff Jr. yesterday did the best job of reporting on new developments in one of the biggest stories currently affecting private wealth advisors. Schoeff got a statement from Spencer Bachus, Republican chairman of the House Financial Services Committee, and Bachus made some surprising comments.
With So Little Action On Dodd-Frank Over The Past Two Years, Many Are Dubbing It Dud-Frank
- Details Category: Regulatory
The Dodd-Frank Act was supposed to be the cure-all for regulatory malfeasance. Instead, its ineffectiveness and the slow and painful process has only resulted in 123 of the 398 rule making requirements coming into being. Of the SEC’s 95 mandatory regulations, only 28 have been finalized.
More Articles ...
- Dodd-Frank Mandates Registering Municipal Advisors But Congressional Committee Says SEC's Proposed Rule Is Over The Top
- Letters From Failed Suicide Attempt Of PFGBest CEO Reveal Lack Of Regulatory Oversight As Well As How Embezzled Funds Were Used
- New Privacy Laws Being Passed By A String Of States May Conflict With FINRA Social Media Rules
- Advisors React to FINRA’s New Suitability Rule; Problems Likely For Dually Registered Advisors
