Hugh Kennedy
The drain of investor funds was surprisingly swift. After wiring funds to brokerage accounts under the auspices of buying stock in well-known companies or supposed ...
The debate carries on despite FINRA not actively pursuing the issue: Should the SRO take on examinations of investment advisers? The latest champion for the ...
Rules predating the Internet cry out for updating. With a retrospective rule review and rule recommendations in the rear view mirror, FINRA has now moved ...
Moving to a properly designed best interest standard for broker-dealers is a “must” in the eyes of FINRA chairman/CEO Richard Ketchum. At the SRO’s annual ...
An extension of any length appears to beat no extension at all. That’s the consensus after the Department of Labor announced May 15 that it ...
Three strikes and you’re out. A critical SEC exam best practice is to make sure you address and correct deficiencies previously cited by the Commission and ...
Effective immediately, FINRA is ramping up the recommended sanctions imposed on individuals and broker-dealers who commit fraud or make unsuitable recommendations to customers. A periodic ...
The SEC has been getting a lot of heat for bringing a preponderance of litigated enforcement actions before its administrative law judges (IA Watch, April ...
FINRA has fined Morgan Stanley & Co. $2 million for short interest reporting and short sale rule violations that spanned more than six years. The ...
Rapid growth via acquisition and aggressive rep recruitment has come at a price for LPL Financial. The nation’s largest independent broker-dealer has been fined $10 ...