Feature Articles Archives - Page 3 of 29 - The Industry Spread

SEC Provides Red Flags for Scams Techniques

October 14, 2019

The Securities and Exchange Commission (SEC) is warning investors about common scam techniques.  They have put together a video series which can be found here. The series noted that investors should be weary of fake testimonials, offers which purport to expire, requests to send money abroad, and using credit cards, or even multiple credit cards, to open an account. 

FINRA’s Department of Enforcement Explained

October 8, 2019

The Department of Enforcement within FINRA, the Financial Industry Regulatory Authority, has four units, a key reform from 2018.

Lizzie Hogan is the Senior Vice President of Market Regulation Enforcement, one of the three units with the Department of Enforcement, and she was the latest guest on FINRA’s podcast “Unscripted”.

SEC Explains Differences Between Brokers and Investment Advisors

October 7, 2019

An investment advisor, Clayton noted, “generally manages your account. The advisor can advise you to buy, sell, or hold the securities and the advisor can make some of or all of those decisions for you.” As such, an investment advisor has more decision-making power than does the broker.

FINRA Came Down on a JP Morgan Securities Unit

September 23, 2019

FINRA today announced it has censured and fined JP Morgan Securities LLC (JPMS) $1.1 million for failing to timely disclose 89 internal reviews or allegations of misconduct by its registered representatives and associated persons spanning a six-year period. FINRA also required an undertaking by the firm to certify within 60 days that it has taken appropriate corrective measures,

NFA Bars Chicago Commodities Firm

September 20, 2019

The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC. The BCC found that Systra and Kopp provided false information to NFA concerning Kopp’s trading activities on behalf of a pool managed by Systra.

House Examines Decline in IPO

September 16, 2019

The number of public companies in the U.S. capital markets today is less than half the number just twenty years ago. This comes despite the fact that the valuation of the public stock market has boomed in recent years. This change has left investors in the public markets more concentrated in increasingly larger companies