Compliance

Fund managers and financial advisors are looking to the cloud to reduce costs, enhance performance, and improve accessibility.

On a 3-2 vote, the federal regulator charged the nation's 13 exchanges and the Financial Industry Regulatory Authority to come up with a workable system for keeping track of all options and stock activity, before the start of the next trading day.

Five candidates will compete for three seats on FINRA’s board of governors.

The new suitability and Know-Your-Customer rules will present FINRA with the opportunity to bring a variety of enforcement actions against both firms and registered representatives. The types of cases will likely be similar to enforcement actions that FINRA has brought under the existing rules.

The new message focuses on a targeted approach to repealing certain provisions — rather than the whole law — and trying to convince everyday Americans they too will suffer the consequences of new rules for the financial industry.

A California Superior Court has denied an investor’s appeal of a March arbitration decision, including claims that one witness was unreasonably excluded and another witness was intimidated against testifying.

FINRA Rule 2090 will impose a new requirement on many firms, that of “knowing your customer.” Firms that have not previously been subject to a Know-Your-Customer requirement are determining what facts it deems essential in connection with servicing an account.

The industry veteran will be chief counsel and chief compliance and ethics officer in the in the Office of Compliance Inspections and Examinations.

On July 10, 2012, The 32-year wait for a comprehensive record-keeping system to monitor trading across U.S. equity and options markets is approaching conclusion.

As financial professionals grapple with a new regulatory mandate for the suitability of investment advice, a leading industry advocacy group is continuing its opposition to two key provisions of the new rules from the Financial Industry Regulatory Authority (FINRA) that took effect Monday.

The time has finally arrived. FINRA’s new suitability and know-your-customer rules take effect today.

On July 9, 2012, Just how tough can it possibly be to successfully stage an IPO, at a time when the bulk of trading on the nation's equity markets is automated? And when it will only get more so? The failure of the Facebook IPO has so rattled investors that it has become a totem of their lost faith in the orderly functioning of capital markets.

The SEC named Norm Champ director of the agency’s division of investment management, replacing Eileen Rominger, who is retiring.

The SEC approved a pilot plan that will allow some orders to go undisplayed on the New York Stock Exchange as a way for the biggest stock trading venue to attract individual investors.

A federal appeals court struck down Goldman Sachs’ appeal of a $20.6 million arbitration award decision on Tuesday, holding up the original 2010 decision in favor of creditors of the Bayou Group.

An investment management firm now owned by Wells Fargo has agreed to pay $25 million to settle claims that it misled investors about the makeup of a mutual fund it once marketed.

Ken Joseph will take over the role of regional director of the examination program for the New York Offices of the SEC

Large arbitration cases of $10 million or more can now create new processes to fit a case and go around certain established rules under a new pilot program launched today by the Financial Industry Regulatory Authority, or FINRA.

Higher operating costs, increases in employee compensation and losses in equity markets took their toll on the regulator’s books.

How often have sponsors had to intervene to prop up money market funds?