Compliance
Merrill Lynch Discrimination Suit Gets Class Action Status
- Details Category: Registered Reps
Brokers who claim Merrill Lynch steered them into less lucrative practices now have formal clearance to combine their interests in a class action suit.
SEC Impersonator Not Winning Friends At The Regulator
- Details Category: Regulatory
Attempts to pose as authority figures to get people to hand over cash are an age-old problem for the actual authorities, which is why the SEC is taking the latest scam very personally.
FINRA Requests Comment On Ways To Increase Investor Use Of BrokerCheck: My Suggestion Is To Consolidate Advisor Licensing Databases And Open It To Search Engines
- Details Category: Regulatory
FINRA is requesting comment on ways to boost investor use of BrokerCheck, the self-regulatory agency’s website where consumers can find a broker’s disciplinary and employment history.
Specifically, FINRA requests comment on potential changes to the information disclosed through BrokerCheck, the format in which the information is presented, and strategies to increase investor awareness of BrokerCheck.
California Advisor Stole $3 Million From Clients, SEC Alleges
- Details Category: Registered Reps
Modern Ponzi schemes normally create at least the illusion that there's a unique investment product to tempt victims. However, there are always exceptions.
Six Weeks Before Mid-Size SEC-Registered Advisors Switch To State Regulation
- Details Category: Registered Investment Advisors
Compliance professionals say there's going to be a rush of advisors trying to switch their registration from the SEC in about a month, but they admit that the details can get confusing.
