FINRA Looking for Discussing 2 Arbitration Program Proposals

the Financial Industry Regulatory Authority (FINRA) is presently looking for discussing 2 proposals associated with its arbitration program. Among the proposals is to broaden the options offered to financier when suing in arbitration versus a non-active company or associated person. It proposes modifications to FINRA’s arbitration guidelines to permit consumers to withdraw an arbitration claim, change pleadings, hold off hearings, […]

FINRA Plans BrokerCheck Changes, Remote Exams

The Financial Industry Regulatory Authority is preparing numerous significant improvements to BrokerCheck in addition to permitting low-risk companies to use technology to carry out remote assessments and revealed Thursday, Oct. 1, 2018, efficient date for its structured proficiency tests. At its September board meeting, FINRA’s board licensed the self-regulator to release a Regulatory Notice looking for discussing proposed modifications to […]

Morgan Stanley fined $13M by FINRA

FINRA has bought Morgan Stanley (MS -0.7%) to pay $13M in fines and restitution to customers for improperly monitoring specific short-term trades. The activity happened in between January 2012 and June 2015. Numerous Morgan Stanley brokers recommended countless customers to offer system financial investment trusts before the items had grown and to roll them over into brand-new ones. Now check […]