Financial Industry Regulatory Authority

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  FINRA Names Its First EVP of Regulatory Ops

  By Melanie Waddell, AdvisorOne  |  April 22, 2013

  FINRA announced Monday that Susan Axelrod would become executive vice president of regulatory operations, a newly created position.

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  State Securities Regulators to Hike Exam Fees for Series 63, 65 and 66

  By Melanie Waddell, AdvisorOne  |  April 17, 2013

  Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years.

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  Firm Accused of Bilking NFL, NBA Players

  By Melanie Waddell, AdvisorOne  |  April 12, 2013

  FINRA said Thursday that it had levied a temporary cease-and-desist order against Success Trade Securities and its CEO for fraud involving 58 investors, many of them current or former NFL and NBA players.

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  FINRA’s Ketchum: Complex Products Still Need ‘Heightened Supervision’

  By Melanie Waddell, AdvisorOne  |  April 9, 2013

  During the SEC's National Compliance Outreach Program for Broker-Dealers, Ketchum pointed to three areas that FINRA was focusing on.

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  Compliance Officers Behaving Badly

  By Melanie Waddell, AdvisorOne  |  April 5, 2013

  The law firm Sutherland found a bevy of violations during its annual look at SEC and FINRA disciplinary actions on chief compliance officers and in-house counsel for BDs and advisory firms.

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  White Pledges to Weigh Cost of Fiduciary Rule as Ketchum Revives SRO Fight

  By Melanie Waddell, AdvisorOne  |  April 1, 2013

  Just as incoming Securities and Exchange Commission (SEC) Chairwoman Mary Jo White has pledged to lawmakers that she would carefully weigh the costs of a fiduciary rulemaking, Richard Ketchum, CEO of the Financial Industry Regulatory Authority (FINRA), is renewing his call for a self-regulatory organization to oversee advisors.

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  SEC Approves Nasdaq’s $62 Million Facebook Settlement

  By John Sullivan, AdvisorOne  |  March 25, 2013

  The SEC approved a plan on Monday for Nasdaq to pay customers as much as $62 million for losses stemming from last year's controversial Facebook IPO.

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  Do You Really Need to File That Social Media Post With FINRA?

  By Melanie Waddell, AdvisorOne  |  March 18, 2013

  The SEC has released guidance clarifying which social media posts investment companies must file with FINRA.

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  Wirehouses Embrace FINRA Broker Bonus Plan

  By Melanie Waddell, AdvisorOne  |  March 14, 2013

  Three wirehouses have given their OK to FINRA’s plan to require that brokers’ recruitment packages be disclosed when they switch firms.

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  FINRA Fines Jump in Suitability, Due Diligence

  By Melanie Waddell, AdvisorOne  |  March 14, 2013

  Fines issued by FINRA last year totaled $78.2 million, a 15% jump from the $68 million levied in 2011, according to the law firm Sutherland Asbill & Brennan.