Compliance
No Surprise: FINRA Still Wants Oversight Over RIAs
- Details Category: Registered Investment Advisors
Rick Ketchum at FINRA says he's moving the bar toward a universal fiduciary standard now, but it might come via universal FINRA supervision of RIA firms as well as broker-dealers.
Securities America Settles Medical Capital Holdings Case With Massachusetts For $5 Million
- Details Category: Regulatory
State securities regulators in Massachusetts have settled their end of the Medical Capital Holdings case with Securities America -- which means their citizens won't lose a single dime on the debacle.
Raymond James Disappointed By $1.7 Million Annuities Fine
- Details Category: Registered Reps
A rep who was allegedly churning annuity sales in at least one elderly client's account has cost Raymond James $1.7 million for failing to supervise him, even though he's no longer their affiliate.
Texas, Other States Banking On RIA Deadline Extension
- Details Category: Registered Investment Advisors
A notice that the Texas State Securities Board is now working toward a first quarter 2012 deadline to switch a lot of RIAs to state supervision turned a few heads in the industry.
Ameriprise Fined $50,000 For Waiting Two Years To Punish Broker Who Forged Paperwork
- Details Category: Regulatory
Ironically enough, as Ameriprise looks for a buyer for its fine-weakened Securities America unit, the firm recently settled a sticky FINRA complaint of its own.
More Articles ...
- FINRA Opens Up Disciplinary Database To The Public
- Added ADV Disclosure Is An Opportunity For Advisors With Nothing To Hide, Fi360 Says
- Cleaning Up Real Estate Fund Failures Still Keeping SEC Enforcers Busy, Years After The Crash
- FINRA Moves Forward On Controversial Fund/Advisor Revenue-Sharing Disclosure
