FINRA Picks William H. Heyman to Succeed Jack Brennan The self-regulatory organization for brokerages, the Financial Industry Regulatory Authority (FINRA), has a new chairman for its board of governors with the unanimous election of William H. Heyman, vice chairman and chief investment officer of The Travelers Companies, Inc. Heyman, who will take over as… Read More >>
Senate Confirms Trump’s Pick for SEC Chairman
Despite opposition from some key Democrats, the U.S. Senate voted on Tuesday to confirm Walter J. “Jay” Clayton III, a former partner with the law firm Sullivan & Cromwell, as the next chairman of the SEC, succeeding Mary Jo White. White served as chair from April 2013 to January 20, 2017 when Donald Trump became… Read More >>
FINRA Fines Broker $2.8M for Audit Trail Violations
Broker-dealer Merrill Lynch, Pierce, Fenner and Smith (MLPF&S) will be paying a $2.8 million fine to the self-regulatory organization, the Financial Industry Regulatory Authority (FINRA), for a variety of alleged reporting violations over several years that the firm acknowledges it is addressing. FINRA officials say they are citing MLPF&S for systemic trade reporting problems, including… Read More >>
