TITLE

FINRA Proposal to Increase Personnel Assessments Angers Small Brokers

AUTHOR(S)
Steinert-Threlkeld, Tom
PUB. DATE
October 2009
SOURCE
Securities Industry News;10/5/2009, Vol. 21 Issue 21, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents a discussion of the proposal by the U.S. Financial Industry Regulatory Authority (FINRA) to increase its reliance on assessments against head count and reduce its reliance on assessments against the gross income of its members. The Financial Services Institute, the trade group of independent broker dealers, opposed the FINRA proposal, which they said must be reviewed by the U.S. Securities and Exchange Commission (SEC). The revamp, if approved by the SEC, will take effect on January 1, 2010.
ACCESSION #
44641262

 

Related Articles

  • Chairman's Halftime Speech.  // Investment Advisor;Aug2013 FSI Voice, p1 

    The article offers the insights of chairman of Financial Services Institute (FSI) Larry Roth, on the success of FSI. Roth says that his members have gained level of engagement from personal discourses with legislators on vital industry issues. He notes that Financial Industry Regulatory...

  • Unfinished Business. Wadel, Melanie // Investment Advisor;Nov2011, Vol. 31 Issue 11, p105 

    The article presents information on two issues which remained unsolved by the advisory industry in 2011 including a fiduciary standard for brokers and a self-regulatory organization (SRO) for advisors. As stated, Brian Hamburger of the company MarketCounsel, a company which provides regulatory...

  • FSI Endorses FINRA as SRO for Investment Advisors.  // Investment Advisor;Feb2011, Vol. 31 Issue 2, p76 

    The article reports on the effort of the Financial Services Institute (FSI) in endorsing Financial Industry Regulatory Authority (FINRA) as the SRO for investment advisors. Dale Brown, president and chief executive officer (CEO) of FSI tells that the decision to the endorsement of FINRA was...

  • Advocacy Focus: Reforming Regulation. Brown, Dale E. // Investment Advisor;Aug2013 FSI Voice, p1 

    The article focuses on the top advocacy priorities of Financial Services Institute (FSI) for 2013 with the help of the Financial Industry Regulatory Authority (FINRA). It states that FSI plans to have a benefit analysis which analyzes the incremental expenses for broker-dealers, clients, and...

  • FINRA Fines Jefferies $1.5M for ARS Sales. Ackerman, Matt // Money Management Executive;4/25/2011, Vol. 19 Issue 17, p5 

    The article reports that the Financial Industry Regulatory Authority (FINRA) has fined investment bank Jefferies & Co. 1.5 million dollar for failing to disclose other conflicts of interest related to shady sales of auction rate securties (ARS). According to the FINRA, the bank did not disclose...

  • RULES ON RUMORS. FOXMAN, ALAN J. // On Wall Street;Feb2009, Vol. 19 Issue 2, p46 

    The article presents questions and answers related to the U.S. financial industry, including the rule against circulating rumors and the disclosure of a settlement to the Financial Industry Regulatory Authority.

  • FINRA Pushes for More HY Trading Transparency. Sheahan, Matthew // High Yield Report;9/29/2014, p31 

    The article focuses on the growing number of corporate bond trades on electronic venues and the call of the Financial Industry Regulatory Authority's (Finra) for more disclosure. Topics discussed include the three proposals Finra launched on September 19, 2014, the continued entry of new players...

  • SEC OKs FINRA Request to Shorten Publishing Window. Williams, Grace L. // Financial-planning.com;12/2/2015, p1 

    The publishing window for Form U5 disclosures will now be three days instead of 15; Changes take effect on Dec. 12.

  • FINRA Pushes for More HY Trading Transparency. M. S. // Leveraged Finance News;9/29/2014, Vol. 4 Issue 37, p1 

    The article reports on the proposals from the U.S. Financial Industry Regulatory Authority (Finra) for more transparency in high yield (HY) trading and more information disclosure. Finra requires member firms for electronic exchanges or alternative trading system (ATS) to provide more...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics