Published by Herskovits PLLC

FINRA Lawyer Blog


FINRA CEO Cook Grilled by Congress on FINRA’s Financial Conduct

FINRA CEO Cook Grilled by Congress on FINRA’s Financial Conduct

During a recent Financial Services Subcommittee oversight hearing, both Democrat and Republican lawmakers raised concerns before FINRA CEO Robert Cook. Some of the issues discussed were the Regulatory Authority’s standing as a private entity and its handling of fine proceeds, which hit a...

Evolution of Publicly Traded Stock Ownership in the US 1990s-2016

Evolution of Publicly Traded Stock Ownership in the US 1990s-2016

The last few years have seen an improvement in economic activity in the US. After median family net worth remained stagnant between 2010 and 2013, house prices are now rising, corporate equity prices are also on the rise. But how does that translate in terms of traded stock ownership? In order to...


FINRA Fine Stats 2016 vs. 2017 and Enforcement Trends

FINRA Fine Stats 2016 vs. 2017 and Enforcement Trends

Over the course of 2016, FINRA expelled 24 firms from membership and fined offenders for a total of $176 million. The largest fine amounted to $25 million, paid by MetLife Securities over negligent misrepresentations and omissions in connection with variable annuity replacements.
A total of...

FINRA Vows to Protect Investors from High-Risk Brokers

FINRA Vows to Protect Investors from High-Risk Brokers

In a speech delivered at Georgetown University, FINRA CEO Robert Cook expressed the Regulatory Authority’s intent on helping brokerages identify and supervise brokers with a history of disciplinary action.
From now on, FINRA is going to look very closely at how firms hire and supervise...






VisitHerskovitsLaw.com
HerskovitsLaw.com
Securities Defense Lawyers & High Stakes Comp Disputes