A broker-dealer and its CEO settled FINRA charges for associating with an individual who was subject to statutory disqualification and permitting that individual to engage in activities that required registration as a Municipal Securities Representative.
News & Insights
In new guidance, FINRA offered recommendations on investment companies' use of sales charge discounts and waivers on investment company products.
FINRA summarized its latest notices, firm compliance information, investor education initiatives and other news in a podcast on monthly regulatory activities.
FINRA solicited comments on proposed FINRA Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions), as modified by Partial Amendment No. 1, in the Federal Register. Proposed Rule 3210 would replace current NASD Rule 3050 and specify the particular information that employees of a broker-dealer must provide to their employer regarding trades at an outside firm. Specifically, Partial Amendment No. 1 would: exclude from the reporting requirement unit investment trusts, municipal fund securities, qualified tuition programs pursuant to Section 529 ('Qualified Tuition Programs') of
FINRA focused on the areas of sales practice, financial and operational controls and market integrity in a podcast concerning the FINRA 2016 Regulatory and Examination Priorities Letter.