FINRA

• FINRA Fines Citigroup $500,000

  By Marlene Y. Satter, AdvisorOne  |  August 10, 2011

  FINRA announced Tuesday that it had fined Citigroup Global Markets Inc. $500,000 for failure to supervise a former registered sales assistant in its branch office in Palo Alto, Calif.

• FINRA Charged With Poor Transparency, Needs Closer Scrutiny—Compliance Watch

  By Melanie Waddell, AdvisorOne  |  July 22, 2011

  The non-governmental regulator lacks the 'checks and balances' of other government regulators, U.S. Chamber of Commerce charges.

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  Confusion About New FINRA Rule Requiring Back-Office Staff Exams—Compliance Watch

  By Melanie Waddell, AdvisorOne  |  July 15, 2011

  Two areas of uncertainty remain for BDs regarding FINRA's new rule requiring operations personnel to take a FINRA exam: which personnel must take the exam and which exam they will take.

• From FINRA Case, a Cautionary Tale on Immediate Annuities—Compliance Watch

  By Elizabeth D. Festa  |  July 1, 2011

  A FINRA arbitration panel recently decided in favor of a broker against his former BD in a dispute over a U4 involving an examination over advertisements for a fixed annuity product.

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  FINRA to Stay Aggressive, Focus on Structured Products—Compliance Watch

  By Elizabeth D. Festa  |  June 23, 2011

  At times of great market volatility, says FINRA's Brad Bennett, suitability and marketing problems rise.