The Financial Industry Regulatory Authority’s reforms to the expungement process appear to have slowed both the pace and success rate for brokers’ efforts to scrub customer disputes from their records, although arbitrators still grant most requests. Since... See more
Congressional Democrats are pressing the Securities and Exchange Commission on whether broker-dealers remain responsible for investment advice and trade execution when retail investors use artificial intelligence agents to manage their brokerage accounts.... See more
The Financial Industry Regulatory Authority suspended for three months and fined $5,000 a Cambridge Investment Research broker for failing to properly disclose an outside business activity from which he received compensation, according to a letter of sett... See more
More than 2,000 individuals commented on the Financial Regulatory Authority’s proposed reforms to its rules governing brokers’ outside business activities. Many of the letters’ authors sought changes to the Finra proposal. On Thursday, Finra responded and... See more
Almost two and half years into his role as Chief Executive Officer at Morgan Stanley, Ted Pick is raising the bar for his company’s wealth unit and said the firm now expects that it can hit its $10 trillion asset target through that division alone. The re... See more
