Finra (Financial Industry Regulatory Authority) - News, Articles & Research

Company announcement

Finra fines Deutsche Bank $1.4 million for regulatory reporting violations

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Deutsche Bank Securities Inc. $1.4 million for violating Regulation SHO, FINRA’s short interest reporting rule and for related supervisory failures.

20 November 2015

Company announcement

Finra fines Scottrade $2.6 million for failing to retain electronic records

The Financial Industry Regulatory Authority (FINRA) announced today that it fined Scottrade, Inc. $2.6 million for failing to retain a large number of securities-related electronic records in the required format, and for failing to retain certain categories of outgoing emails.

16 November 2015

News

Finra warns on use of WhatsApp for pump-and-dump scams

The Financial Industry Regulatory Authority (Finra) is warning investors about a surge in the use of messaging tools like WhatsApp by pump-and-dump scammers.

02 September 2015

Company announcement

Goldman Sachs fined $1.8m for reporting failures

The Financial Industry Regulatory Authority (Finra) announced today that it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for systemic Order Audit Trail System (Oats) reporting violations spanning a period of more than eight years, failure to accurately submit required trade reports to the appropriate Finra Trade Reporting Facility (TRF), and related supervisory failures.

27 July 2015

Company announcement

SEC approves pilot to assess tick size for smaller companies

The Securities and Exchange Commission today approved a proposal by the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) for a two-year pilot program that would widen the minimum quoting and trading increments–or tick sizes–for stocks of some smaller companies.

07 May 2015

News

Finra backtracks as opposition to Cards projects mounts

In the face of fierce opposition from industry bodies, Wall Street watchdog Finra appears to be backtracking on proposals to introduce an automated data collection system designed to help identify risky and suspicious activities.

06 May 2015

News

Women in FinTech - Kitty Parry, founder of the Social Media Charter

In our continuing series, in association with the Breaking Banks radio show, looking at accomplished and interesting women working and changing the FinTech sector, Liz Lumley sits down Templars PR CEO and founder of the Social Media Charter, Kitty Parry.

13 March 2015

News

Sifma slams Finra data collection plans

Plans by Wall Street watchdog Finra to introduce an automated data collection system designed to help identify risky and suspicious activities have been blasted by lobby group Sifma on cost, security and privacy grounds.

02 December 2014

Company announcement

Finra seeks comments on Cards proposal

The Financial Industry Regulatory Authority (FINRA) today issued Regulatory Notice 14-37 requesting comment on a proposed rule to implement the Comprehensive Automated Risk Data System (CARDS).

30 September 2014

News

Finra charges Wedbush Securities with market access violations

Wall Street regulator Finra has charged brokerage Wedbush Securities with systemic market access violations and anti-money laundering and supervisory failures.

18 August 2014

News

More data needed to crack down on algo abuse - Finra

US regulatory body Finra is currently investigating 170 separate instances of potential market abuse by algorithmic trading firms.

22 May 2014

News

Barclays fined $3.75m for electronic record keeping failures

US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.

02 January 2014