Nancy Condon
New registration requirement for key back-office personnelPosted by RJ and Makay on Jun 21, 2011 |
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The Securities and Exchange Commission (SEC) has approved a plan by the Financial Industry Regulatory Authority (FINRA) that will institute a new Operations Professional license requiring a qualification exam and continuing education updates. FINRA had proposed the new rule because of “the growing complexity of the financial services industry.”
FINRA launches new online watchdog servicePosted by RJ and Makay on May 18, 2011 |
The Financial Industry Regulatory Authority (FINRA) is putting more if its disciplinary action information online. Finra Disciplinary Actions Online, a new database launched yesterday, will provide access to FINRA complaints against firms and individual brokers.
Settlement agreements, known as Letters of Acceptance Waivers and Consents (AWCs), along with decisions by FINRA hearing panels and National Adjudicatory Council decisions will be available online.
Former congressman Oxley now lobbies for FINRAPosted by RJ and Makay on Mar 22, 2011 |
Michael Oxley, the former Republican congressman from Ohio best known for co-authoring the Sarbanes-Oxley Act of 2002, has registered as a lobbyist for the Financial Industry Regulatory Authority (FINRA). His goal, as stated on his registration form: to work on the “harmonization of regulation of broker-dealers and investment advisors.”
Translation: to promote a self-regulatory organization (SRO) for investment advisors.
Daniel J. Boorstin (American social historian and educator, 1914)
