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The Financial Industry Regulatory Authority has proposed that broker-dealers disclose any revenue-splitting arrangements they have with mutual funds at the time they sell their shares to investors.
May 18 -
Among other things, the rules are expected to keep executives or employees of credit rating agencies from going to work for the companies whose credit they have rated, for at least one year. The proposals are also likely to block agencies from having a person who markets its products or services also participate in its ratings.
May 18 -
Top officials at the FHFA have watched with alarm as the level of the Federal Home Loan banks' investments has surged, sometimes surpassing the level of their advances.
May 18 -
As the government builds a new regime for writing consumer protection rules, an existing bank regulator has put a twist on enforcing them.
May 18 - Money Management Executive
Advisory clients, attorneys and other members of the public previously had to contact the staff at Financial Industry Regulatory Authority (FINRA) to get copies of disciplinary actions for firms and registered representatives.
May 17 -
The Financial Industry Regulatory Authority has fined Kane, McKenna Capital Inc. and Wulff, Hansen & Co. a total of $27,500 for municipal transaction disclosure and trade rule violations.
May 17 -
The FDIC on Monday announced it hired Bret Edwards as the director of its division of resolutions and receiverships. Edwards has been acting director since January.
May 17 -
The new searchable system adds another layer of transparency into the brokerage and financial advisory industry, on a firm and individual level.
May 16 -
The federal budget deficit is estimated to skyrocket to $1.6 trillion this year, but Andrew H. Friedman of The Washington Update told a standing-room only crowd at IMCAs annual conference in Las Vegas that there are still opportunities for investors.
May 16 - Money Management Executive
Securities and Exchange Commission, money market fund, money fund
May 16
