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Showing 1 - 10 of 17 results for "FINRA"

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... issuing false and inaccurate account statements to 8.5 million US customers. The Financial Industry Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual income for nine of its money market funds across nearly ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... US$70 million fine, deemed to be the largest financial penalty handed down by the Financial Industry Regulatory Authority (FINRA). FINRA, which regulates brokerages and exchanges, said millions of Robinhood customers were subject to false or misleading ...

Powerwrap finds new line of business

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... systems for the changes while the US parties are working through approvals from US's Financial Industry Regulatory Authority (FINRA). The platform has $8.9 billion in assets under administration, and focuses on high-net-worth advisers. Escala accounts ...

Bell Financial expects solid H1 profits

KANIKA SOOD  |  WEDNESDAY, 11 JUL 2018
... update on its US expansion - it has received SEC approval and has submitted its Financial Industry Regulatory Austhority (FINRA) membership agreement. For 2015, BFG reported a before-tax earnings increase of 165%.

Economic Wrap

ALEX DUNNIN  |  FRIDAY, 22 JUL 2016
... as white Americans to borrow money from pawn shops or pay day lenders. Regardless of the study's depressing results, the FINRA Investor Education Foundation that sponsored the study said Americans are becoming better informed and educated about their ...

ASIC user-pay model "eminently sensible": SEC veteran

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
... technology?" He then compared the SEC to the US's industry self-regulatory body, the Financial Industry Regulatory Authority (FINRA), noting its higher salaries and more sophisticated surveillance technology. "You can really see the difference in the ...

Goldman ordered to pay $100m to NAB

STAFF WRITER  |  TUESDAY, 12 MAY 2015
... related to the sale of mortgage-linked securities before the financial crisis. The US Financial Industry Regulatory Authority (FINRA) said the claim arose out of a deal which carried "a significant conflict of interest" between Goldman Sachs and its ...

SEC and FINRA issue robo warning

ALEX DUNNIN  |  TUESDAY, 12 MAY 2015
... prepared by the SEC's Office of Investor Education and Advocacy (OIEA) and the Financial Industry Regulatory Authority (FINRA), was released on 8 May 2015. Automated investment tools include personal financial planning tools (such as online calculators) ...

ANZ asks for US-style national adviser exam

LAURA MILLAN  |  THURSDAY, 11 DEC 2014
... for financial advisers that mirrors the United States Series 7 exam run by the Financial Industry Regulatory Authority (FINRA). The bank estimated that it would cost $600,000 to kick-start the proposed exam. However the bank would look to recoup the ...

FINRA relaxes social media controls

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
... Australian financial planners may see some of their social media compliance issues lessen if Australian regulators follow FINRA's lead, after the US regulator proposed changes to its rulings to allow planners to communicate through social media without ...
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