The Financial Industry Regulatory Authority announced that it has hired a law firm to conduct an independent review of its procedures for selecting arbitrators in a recent court case, InvestmentNews reports.
The Securities and Exchange Commission took enforcement action against 12 financial firms for failing to meet their obligations in delivering Form CRS to their retail investors, according to AdvisorNews.
An actor charged with defrauding investors out of at least $650 million in a Ponzi scheme has been sentenced to 20 years in federal prison, Think Advisor reports.
A panel of Financial Industry Regulatory Authority arbitrators ruled in favor of a group of former Credit Suisse Securities brokers in a dispute with the firm, InvestmentNews reports.
A Financial Industry Regulatory Authority arbitration panel has ruled against UBS Financial in a case involving its investment strategy known as Yield Enhancement Strategy (YES), Financial Advisor reports.