New rule sharply narrows prop traders' SRO exemption
SRO expels brokerage over widespread regulatory violations
Firm's systems failed to spot clients who were eligible for cheaper fund series
American SRO proposes rule to accelerate resolutions for vulnerable investors
Firm violated SEC and SRO rules, including analyst disclosure requirements
FINRA has fined the firm and ordered restitution, for early rollover recommendations
SRO adopts rule changes to enhance investor protection
FINRA sanctions Cantor Fitzgerald
At the National Institute on U.S.-Canadian Securities Litigation in Toronto this week, regulators and litigators discussed industry developments. Best interest standard at a standstill? Panellists expressed concern about the best interest standard’s regulatory uncertainty and unintended consequences for advisors and firms’ business models. For example, the OSC needs to clarify the difference between a best […]
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