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FINRA news from FierceFinance
NewsStrapped regulators must rely more on companies
When the reform movement got underway, there was lots of fear of draconian measures that banks would find overly burdensome. But the regulators are just as burdened, and if the SEC were to directly Read more...
Finra issues warning on sell-side stock research independence
To what extent does the dot.com era model of stock research still exist? It's tempting to think that the 2003 global settlement that expired five years after it was agreed to finally created a wall Read more...
SEC steps up inquiry of high-frequency trading, ETFs
The debate over high-frequency trading and exchange traded funds (EFTs) has been raging for a while now, at least since the May 6, 2010 Flash Crash. But the exact process by which ETFs and Read more...
FINRA turns to licensing to bolster security
The Bernard Madoff Ponzi scheme continues to reverberate through Wall Street. In order to prevent such frauds, FINRA has proposed--and the SEC has recently agreed--that all operations executives on Read more...
Morgan Stanley brokers to begin using Twitter, LinkedIn
For all the hoopla over the current mini-boom in social media company IPOs, the fact remains that Wall Street is not yet super comfortable with the movement. Many firms still ban employees from using Read more...
Goldman Sachs CDO regulatory woes continue
For Goldman Sachs (NYSE: GS), the regulatory hits keep coming. Still struggling put to rest its CDO saga, Goldman Sachs made news when it said FINRA and the FSA were looking into issues regarding its Read more...
Government aim may be turning to SAC Capital
We've suggested that the government's stunning slam dunk victory in the trail of insider trading kingpin Raj Rajaratnam will embolden prosecutors to go after other big fish. There is none bigger than Read more...
Citigroup loses big in arbitration
Citigroup's (NYSE: C) Smith Barney has suffered the biggest loss ever in a FINRA securities arbitration case. Two investors, apparently neighbors, were awarded a total of $54.1 million, the New York Read more...
FINRA wants to regulate advisors
The battle over who will regulate investment advisors continues to rage. Dodd-Frank had directed the SEC to conduct a study and gave the agency the right to make rules in this area. The SEC Read more...
Why didn't Goldman Sachs disclose the Wells notice?
One issue in the Goldman Sachs-ABACUS drama was whether Goldman (NYSE: GS) had an obligation to disclose in timely fashion the fact that it had received a Wells notice. Recall the bank chose not to Read more...
| Press ReleasesFINRA Fines Credit Suisse Securities $1.75 Million for Regulation SHO Violations and Supervisory FailuresWASHINGTON--(BUSINESS WIRE)-- The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $1.75 million for violating Regulation SHO (Reg Read more >> FINRA Fines Barclays Capital $3 Million for Misrepresentations Related to Subprime SecuritizationsWASHINGTON--(BUSINESS WIRE)-- The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Barclays Capital Inc. $3 million for misrepresenting delinquency data and Read more >> FINRA Fines Wells Fargo $2 Million for Unsuitable Sales of Reverse Convertibles to Elderly Customers and Failure to ProvidFirm Agrees to Pay Restitution to Affected Customers WASHINGTON--(BUSINESS WIRE)-- The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Wells Fargo Investments, LLC, Read more >> Imobolis Announces FINRA Approval of Forward Stock Split, and Name Change to FrogAds, Inc.LOS ANGELES, Dec. 12, 2011 /PRNewswire/ -- Imobolis, Inc., previously traded under the symbol (IMOB:BB) is pleased to announce that FINRA has approved a name change to FrogAds, Inc. (FROG:BB). In Read more >> |
