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Showing 1 - 10 of 18 results for "Financial Industry Regulatory Authority"

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... fine for 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 ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... with a 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
... tech 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 ...

BNP Paribas appoints new Australia head

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... international financial services and corporate and institutional banking. Earlier this month, the Financial Industry Regulatory Authority fined the company US$15 million for failing to develop an anti-money-laundering program that could detect suspicious ...

Open data would protect advice industry: Adviser Ratings

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2017
ASIC should take a leaf out of the US' Financial Industry Regulatory Authority's book and introduce more detailed and transparent historical data around the conduct of financial advisers. Adviser Ratings managing director Angus Woods believes a more ...

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

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
... cutting-edge 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 ...

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
... warning, 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 ...

Medcraft backs national adviser exam

MARK SMITH  |  TUESDAY, 13 JAN 2015
... industry standards," the submission said. "ANZ believes that the Series 7 exam run by the Financial Industry Regulatory Authority in the United States is an example of a globally recognised best practice model that could be applied to Australian conditions." ...

ANZ asks for US-style national adviser exam

LAURA MILLAN  |  THURSDAY, 11 DEC 2014
... national exam 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 ...
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