FINRA collated SEC staff bulletins and FINRA resources to improve member compliance with Regulation Best Interest.
News & Insights
A broker-dealer settled FINRA charges for failing to comply with short sale regulations related to close-outs of "fail-to-deliver" positions.
In its annual securities industry "snapshot" report, FINRA found that the number of member firms declined every year since 2012, and the number of investment adviser-only firms increased over the same period.
In two new studies funded by the FINRA Investor Education Foundation, researchers found correlations between financial confidence and financial literacy and cognitive health in older persons.
In a study funded by FINRA's Investor Education Foundation, researchers found that financial overconfidence (i.e., high confidence in an individual's financial knowledge relative to their actual financial literacy) may result in excessive financial risk-taking.