The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) for U.S. broker-dealers, has received sweeping recommendations to overhaul its enforcement efforts, including modifications to its due process and “Wells process” practices, as a result of an effort “to better serve our self-regulatory mission,” officials say. “Last year, as part of FINRA Forward, FINRA engaged… Read More >>
FINRA Criticized for $50M Rebate to Its Members
The Board of Governors of the Financial Industry Regulatory Authority (FINRA) has been criticized for approving a $50 million rebate to FINRA members rather than distributing the windfall to investors who have won arbitration awards against members of the self-regulatory organization (SRO) but have not been paid. The organization crying foul is the Public Investors… Read More >>
