Latest news by Michael Volpe
Investment Firms Decreased in the US in 2019
The total number of registered representatives in the United States has decreased slightly. FINRA, the Financial Industry Regulatory Authority, released its most recent industry snapshot. In 2019, there were 624,674 registered representatives in the US,…
House Accuses POTUS and Kodak of Insider Trading
The House Financial Services Committee is looking into the President and a long standing publicly trading company for insider trading. The House Financial Services Committee recently put out a statement questioning a deal with Kodak…
DOJ Blesses Major Merger
The London Stock Exchange (LSEG) is in the process of merging with Refinitiv. LSEG, headquartered in London, operates the London Stock Exchange, the Italian stock exchange, Borsa Italiana, and several other trading platforms for trading…
The Proverbial Sausage was Being Made by the Securities and Exchange Commission
The proverbial sausage was being made by the Securities and Exchange Commission (SEC) last week. The SEC held one of its regular open meeting in which it considered two rules. The open meeting is part…
Reflecting on Dodd/Frank after Ten Year Anniversary
Two people intimately involved in helping to craft the legislation, say that Dodd/Frank has functioned well. Dawn Stump and Dan Berkovitz are both now Commissioners on the Commodity Futures Trading Commission (CFTC). They recently joined…
Two individuals Heard their Nominations for Securities and Exchange Commission
Two individuals heard their nominations for the Securities and Exchange Commission (SEC) chairs in the US Senate. The Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a…
Productivity Remains for Broker/Dealers Working From Home
In the last episode of the FINRA podcast, FINRA Unscripted, the podcast recorded part of a recent FINRA virtual conference. The conference panel consisted of FINRA CEO Robert Cook, Member Supervision Head Bari Havlik and Chief…
House Financial Services Introduces Trading Related Bills
The House Financial Services Committee ( HFSC )Sub-committee on Investor Protection, Entrepreneurship and Capital Markets held a hearing recently entitled: “Promoting Economic Recovery: Examining Capital Markets and Worker Protections in the COVID-19 Era” Along with…
Report Finds Investors Like Having an Advisorwww
SIFMA is the Securities Industry and Financial Markets Association and they recently put together a report entitled, “Individual Investor Use of Financial Advisors”. Along with the report, SIFMA produced a podcast. The podcast had on:…
Finance Leading in COVID Recovery
In a reversal of fortune, the financial sector has been leading in solving the current crisis. Charlotte Crosswell has an extensive resume with stops at Goldman Sachs, the NASDAQ, and others. She is currently the…