FINRA Nails Broker-Dealers for Sales to Elderly

The Financial Industry Regulatory Authority (FINRA) said it fined five bank broker/dealers a total of $1.65 million for deficient supervision and procedures related to variable annuity (VA), mutual fund, and unit investment trust (UIT) transactions.

FINRA Fines Wachovia $1.4 Million for Prospectus Delivery

The Financial Industry Regulatory Authority (FINRA) is pegging a $1.4 million fine on Wachovia Securities for its failure to deliver prospectuses and product descriptions to customers who purchased various investment products, and related supervisory failures, the agency said.

FINRA Unveils Tools to Spot Scams

The Financial Industry Regulatory Authority (FINRA) released two online tools designed to help investors spot and resist investment fraud, the agency said.

Murky Waters

How to work (a) with, (b) around, (c) through your compliance department

Dog Days

Summer is the perfect time to get caught up

The World Turned Upside Down

The current turmoil threatens broker/dealers as more advisers think about going independent—when the market improves