The Financial Industry Regulatory Authority is revamping how it scans for abuses such as insider trading, responding to increased fragmentation of markets, Chief Executive Officer Richard Ketchum said today.
The U.K. Financial Services Authority approved rules restricting guaranteed bonuses and up- front cash payments for banks’ proprietary traders and broker dealers in what is being described as a tier system.
The Financial Industry Regulatory Authority is examining whether Wall Street firms overcharge investors on some bond trades and whether they unfairly allocate new corporate debt issues to reward certain clients.
The U.S. Supreme Court signaled it may tighten the time limits that apply when the Securities and Exchange Commission and other government agencies seek to impose fines on people and companies accused of fraud.
Stephen Luparello, vice chairman at the Financial Industry Regulatory Authority, is taking a job at Washington law firm Wilmer Cutler Pickering Hale & Dorr LLP, after working at the brokerage industry’s self-regulator for more than 16 years, Finra said in a statement.