Later this month, on July 30th, FINRA will hold its annual meeting in Washington, D.C., during which it will conduct an election for three open seats on its Board of Governors.
The Financial Industry Regulatory Authority (“FINRA”), the self-regulatory agency that regulates broker-dealers and their agents, recently launched a series of 15-second television commercial spots to promote their website.
There are lots of FINRA rules, so many that some don’t get the attention they deserve because others, like the suitability rule or the supervision rule, generally hog the limelight.
I’m not sure that I’m as excited as Navin Johnson was when the new phone books were delivered — https://www.youtube.com/watch?v=-7aIf1YnbbU – but I was pretty happy when FINRA published its 2014 Year in Review and Financial Report.
As everyone who studies FINRA’s Regulatory Notices is already well aware, two days from now, FINRA’s rule requiring background checks on prospective registered representatives goes into effect.
By now, it should be clear, we are oft to criticize FINRA in this blog.
We have complained before in this blog about some of the obvious inequities associated with the FINRA Enforcement process that disfavor respondents.
FINRA recently announced a multi-million dollar ad campaign to increase public awareness of BrokerCheck, in an effort to increase the number of investors who actually use it. I had a few initial thoughts.
On May 27, 2015, the Financial Industry Regulatory Authority (“FINRA”) issued a new set of FAQs to provide guidance with respect to its research rule, NASD Rule 2711. The FAQs specifically focus on NASD Rule 2711(c)(4) and Rule 2711(e).
With the recent focus by the SEC and FINRA on cybersecurity for broker-dealers and investment advisers as a backdrop, FINRA recently brought and settled an enforcement action under SEC Regulation S-P against broker-dealer Sterne, Agee & Leach, Inc.