Faced with a growing number of large arbitration cases, U.S. regulators are launching a pilot program that allows adversaries in such cases to customize the arbitration process. The Financial Industry Regulatory Authority (FINRA) announced that it has launched a pilot program specifically designed for arbitration cases involving claims of US$10 million or more. The voluntary […]
Limited oversight of compensation and governance issues
Additional features aimed at boosting ease of use, robustness of advisor database
Schemes lure investors to create unwarranted demand for shares of small, thinly traded companies
Regulator says firms did not have supervisory systems in place to properly monitor sales
Payment to settle charges with SEC, FINRA of failing to supervise equity analysts
SEC issues investor bulletin to help educate investors about municipal bonds
The US$68 million in fines is still well below 2005’s record US$184 million
U.S. securities regulators have issued an investor alert encouraging investors to scrutinize their account statements and trade confirmations.
Fraudsters gain access to an investor’s email account and then email instructions to their brokerage firm to transfer money