TITLE

Independence vs OVERSIGHT

PUB. DATE
July 2008
SOURCE
Financial Planning;Jul2008 Supplement, p31
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article looks at the plight of broker-dealer firms (B-D) in relation to the regulations set forth by the U.S. Security and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in 2008 as against the promise of independence for their advisors. The balancing act being done by B-D as regulator and service provider within a fee-based business model including repercussions on advisors and their clients are discussed. Measures to enable B-D and advisors to work together in this environment are also presented.
ACCESSION #
33119094

 

Related Articles

  • SEC Delays Action on 10-Second Reporting.  // Traders Magazine;May2013, Vol. 26 Issue 348, p1 

    The article reports that the U.S. Securities and Exchange Commission (SEC) has rejected a request for approval from the Financial Industry Regulatory Authority seeking to shorten the time broker-dealers have to report trades done away from the exchanges to 10 seconds. According to SEC, the...

  • Brokers Must Disclose Signing Bonuses as FINRA Board Passes Rule. Faux, Zeke // Financial-planning.com;9/19/2013, p10 

    The article reports that the board of directors of the U.S. regulatory group Financial Industry Regulatory Authority (FINRA) approved during its September 19, 2013 meeting a proposal that would require brokers to make disclosures about recruit compensation they receive from a new firm. Topics...

  • SEC, FINRA: Broker-Dealers Need to Keep Closer Tabs on Branch Offices. Barrett, Larry // Financial Planning;Jan2012, Vol. 42 Issue 1, p22 

    The article focuses on the joint regulatory notice and risk alert issued by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) for broker-dealers on being mindful about their branch offices along with helpful tips for remaining in compliance.

  • SEC OKs FINRA BrokerCheck Link Rule. Corbin, Kenneth // Financial-planning.com;10/13/2015, p1 

    Commission signs off on FINRA's proposal to compel brokers to include a link to the database on their websites after abandoning some of the more contentious aspects of the rule.

  • SEC and SRO Enforcement Developments Regarding Broker-Dealers.  // Venulex Legal Summaries;2011 Q4, Special section p1 

    The article discusses enforcement developments and cases regarding broker-dealers at the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) in 2011. Some of the important enforcement developments at the SEC are the first-ever deferred prosecution...

  • The Vanishing Supervisor. Fanto, James A. // Journal of Corporation Law;Fall2015, Vol. 41 Issue 1, p117 

    This Article begins with two stories that are emblematic of related trends in broker-dealers: the importance of compliance officers and the significance of technology for the oversight of brokers and their activities. The stories also point to the lessening role of the supervisor who is "on the...

  • SEC, FINRA Want to Know Your Cybersecurity Plan. Corbin, Kenneth // Financial-planning.com;7/16/2015, p6 

    The article discusses the highlights of a broker-dealer compliance forum co-hosted by the U.S. Securities and Exchange Commission and the Financial Industry Regulator Authority in July 2015, focusing on cybersecurity. The two regulators expect brokers and advisors to have more formal policies...

  • FINRA Advances Broker Compensation Rule. Corbin, Kenneth // Financial-planning.com;9/19/2013, p11 

    The article reports that the board of directors of the U.S. regulatory group Financial Industry Regulatory Authority (FINRA) approved during its September 2013 meeting a controversial proposal that would require brokers to make disclosures about recruitment compensation they received from a new...

  • Finra to Probe Broker Conflicts When Exchanges Offer Rebates. Michaels, Dave // Tradersmagazine.com;1/06/2014, p6 

    The article reveals the conflicts that occur among brokerages in the U.S. during rebate offerings of stock exchanges in the U.S. Topics include the absence of guidelines for obtaining best prices for clients, the effect of rebates on stock orders of clients, and the campaign for bond price...

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