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FINRA Lawyer Blog


Have FINRA's “Poor Investments” Affected its Members?

Have FINRA's “Poor Investments” Affected its Members?

In a recent report, the Wall Street Journal said FINRA's investments are underperforming. The self-regulatory organization boasts a $1 billion yearly budget, and it easily collects over $100 million per year through the imposition of fines.
According to WSJ journalists, throughout its...


FINRA VOWS TO LIMIT EXPUNGEMENTS – Rules and Realities

FINRA VOWS TO LIMIT EXPUNGEMENTS – Rules and Realities

“Arbitrators have a unique, distinct role in ensuring that customer dispute information is expunged from the CRD system only when it has no meaningful investor protection or regulatory value.” FINRA (September, 2017)
In a new push for closer scrutiny over expungements, FINRA...


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...






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