FINRA – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Wed, 23 Aug 2023 19:04:25 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png FINRA – Advisor's Edge https://phoenix.advisor.ca 32 32 SEC expands FINRA’s jurisdiction https://phoenix.advisor.ca/news/regulation/sec-expands-finras-jurisdiction/ Wed, 23 Aug 2023 19:04:25 +0000 https://www.advisor.ca/?p=230036 New rule sharply narrows prop traders' SRO exemption

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]]> FINRA to firm: Get out! https://phoenix.advisor.ca/news/industry-news/finra-to-firm-get-out/ Fri, 12 May 2023 20:21:54 +0000 https://www.advisor.ca/?p=225517 SRO expels brokerage over widespread regulatory violations

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]]> Merrill Lynch resolves mutual fund overcharging case https://phoenix.advisor.ca/news/industry-news/merrill-lynch-resolves-mutual-fund-overcharging-case/ Thu, 02 Jun 2022 21:15:53 +0000 https://www.advisor.ca/?p=210230 Firm's systems failed to spot clients who were eligible for cheaper fund series

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]]> FINRA seeks to speed arb for ill, elderly https://phoenix.advisor.ca/news/industry-news/finra-seeks-to-speed-arb-for-ill-elderly/ Fri, 18 Mar 2022 19:29:36 +0000 https://www.advisor.ca/?p=207249 American SRO proposes rule to accelerate resolutions for vulnerable investors

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]]> FINRA sanctions Credit Suisse https://phoenix.advisor.ca/news/industry-news/finra-sanctions-credit-suisse/ Thu, 20 Jan 2022 20:18:30 +0000 https://www.advisor.ca/?p=204997 Firm violated SEC and SRO rules, including analyst disclosure requirements

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]]> Merrill Lynch sanctioned for alleged churning https://phoenix.advisor.ca/news/industry-news/merrill-lynch-sanctioned-for-alleged-churning/ Fri, 25 Jun 2021 16:49:06 +0000 https://www.advisor.ca/?p=196843 FINRA has fined the firm and ordered restitution, for early rollover recommendations

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]]> FINRA tackles the problem of repeat offenders https://phoenix.advisor.ca/news/industry-news/finra-tackles-the-problem-of-repeat-offenders/ Fri, 12 Mar 2021 20:33:52 +0000 https://www.advisor.ca/?p=192610 SRO adopts rule changes to enhance investor protection

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]]> Firm fined US$2 million for failing to supervise short selling https://phoenix.advisor.ca/news/industry-news/firm-fined-us2-million-for-failing-to-supervise-short-selling/ Tue, 05 Mar 2019 15:57:16 +0000 https://www.advisor.ca/?p=162769 FINRA sanctions Cantor Fitzgerald

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]]> Industry still waiting for best interest clarity https://phoenix.advisor.ca/columnists_/michelle-schriver/ethics-regulatory-developments/ Thu, 05 Oct 2017 16:22:56 +0000 https://avatar.advisor.ca/uncategorized/ethics-regulatory-developments/ 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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]]> Four U.S. firms fined combined total of nearly US$5M: FINRA https://phoenix.advisor.ca/news/industry-news/four-u-s-firms-fined-combined-total-of-nearly-us5m-finra/ Thu, 27 Jul 2017 17:10:11 +0000 https://avatar.advisor.ca/uncategorized/four-u-s-firms-fined-combined-total-of-nearly-us5m-finra/ Find out more

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