by Patrick M. Kelly | Jul 4, 2014 | FINRA
FINRA has asked the SEC to approve a round of fee increases in its dispute resolution forum as it looks to boost pay for its force of around 6,300 arbitrators. The increase could add up to $400 per case. FINRA has not increased fees for arbitrators in 14 years. The...
by Patrick M. Kelly | Jul 1, 2014 | FINRA
It’s back to the drawing board!! In a “surprise” move, FINRA has sent the controversial broker disclosure Rule 2243 back for revision. (The rule would have required brokers to tell clients about recruitment incentives they receive in excess of $100.000.) FINRA plans...
by Patrick M. Kelly | May 6, 2013 | Brokers, Financial Services Industry, FINRA
FINRA’s proposal to require financial advisors to include a link to BrokerCheck on their Web sites and social media pages has been withdrawn—at least temporarily. BrokerCheck is an online tool investors can use to research the backgrounds of current and former...
by Patrick M. Kelly | Apr 11, 2013 | FINRA
A former Financial Industry Regulatory Authority, Joseph Sciddurlo claimed in a suit filed last week that he worked as a principal examiner for FINRA in 2010 when he discovered that the regulator’s system allowed large firms to circumvent a Securities and Exchange...
by Patrick M. Kelly | Feb 18, 2013 | FINRA, RIA
Smiles are on the faces of RIA advisors as Richard Ketchum, chairman and chief executive of the self-regulatory organization, which oversees the U.S. brokerage industry, told Reuters he was bowing to political reality, and pulling back from his campaign to regulate...