The Financial Industry Regulatory Authority is still facing some opposition over its efforts to allow remote supervision of registered representatives, InvestmentNews reports. Despite several revisions to the proposal, the North American Securities Administrators...
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FINRA Compliance
FINRA fines and censures Network 1 for violating Reg BI
A New Jersey-based broker-dealer has been penalized by the Financial Industry Regulatory Authority over violations involving Regulation Best Interest, reports ThinkAdvisor. According to a letter of acceptance, waiver and consent, FINRA ordered Network 1 Financial...
Appeals court declines to lift injunction against FINRA in dispute with expelled firm
A federal appeals court has ruled against the Financial Industry Regulatory Authority in its legal battle with an expelled brokerage firm, reports AdvisorHub. Last week, the U.S. Court of Appeals for the D.C. Circuit upheld a preliminary injunction against FINRA that...
New reforms adopted by FINRA to tighten process for expungement
The Financial Industry Regulatory Authority has adopted reforms making it more difficult for brokers to expunge client disputes from their records, AdvisorHub reports. In Regulatory Notice 23-12, FINRA said that the new rules, approved by the Securities and Exchange...
FINRA amends rules allowing for video conference hearings
The Financial Industry Regulatory Authority has notified member firms of amended rules pertaining to video conference hearings. In Regulatory Notice 23-13, taking effect this week, FINRA said it would be allowing the video hearings before the Office of Hearing...
