News and resources for Canada's top financial advisors
Est. 1998
Industry
FINRA has imposed a four-month suspension on Marco Antonio Daniel.
By Staff |February 1, 2016
1 min read
FINRA has censured and fined Macquarie Capital (USA) US$2.95 million. Find out why.
By Staff |January 6, 2016
2 min read
Putting clients’ insurance premium payments in the wrong account can land you in hot water, as one U.S.-based agent learned when FINRA came knocking.
By Staff |December 10, 2015
Canadian regulators and SROs have said repeatedly that cracking down on advisors who take advantage of seniors citizens remains a top priority. A recent case from south of the border underscores why this is probably a good thing.
By Staff |October 30, 2015
If you read as many FINRA decisions as Bill Singer, you’ll come across some real doozies.
By Staff |October 26, 2015
Prior to a regulatory hearing, and without an adjudication of any issue, the Financial Industry Regulatory Authority (FINRA) accepted a letter of Acceptance, Waiver and Consent (AWC) submitted by Robert Head, a former General Securities Representative.
By Staff |November 7, 2014
The North American Securities Administrators Association (NASAA) announced today that it has convened a working group consisting of state securities regulators and representatives of Financial Industry Regulatory Authority (FINRA), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI) to develop improved broker-dealer fee disclosure.
By Staff |September 11, 2014
FINRA has fined Citigroup Global Markets Inc. $1.85 million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers.
By Staff |August 26, 2014
Market Insights
FINRA has announced that the SEC has approved a new rule prohibiting firms and registered representatives from conditioning settlement of a customer dispute on—or otherwise compensating a customer for—the customer's agreement to consent to, or not to oppose, the firm's or representative's request to expunge such information from the Central Registration Depository (CRD) system.
By Staff |July 24, 2014
FINRA has withdrawn from the SEC a proposed rule that would have required advisors to disclose recruitment bonuses in excess of $100,000, reports WealthManagement.com.
By Staff |June 23, 2014
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