Lawyers tussle over ‘financial conspiracy’ evidence in McCrudden case

Defense counsel for disgruntled former hedge-fund manager and commodities trader Vincent P. McCrudden will argue before a judge that he should be allowed to show evidence of financial conspiracy theories at his trial next week. McCrudden has been charged with “transmission of threats to injure”...

SEC and FINRA issue investor alert on structured notes with principal protection

As part of an on-going effort to raise the public IQ on financial products, the SEC’s Office of Investor Education and Advocacy and FINRA jointly issued an investor alert called “Structured Notes with Principal Protection: Note the Terms of Your Investment” to educate potential investors of...

UK & US SIGN MOU TO SUPPORT COLLABORATION ON SECURITY REGULATION

U.K.’s Financial Services Authority (FSA) and the U.S.’s Financial Industry Regulatory Authority (FINRA) enter into a Memorandum of Understanding (MOU) today whereby the two countries agree to facilitate exchange information on firms and individuals under their supervision, support collaboration...

FINRA and IIROC announce cooperation agreement

Under the new cooperation agreement, FINRA and IIROC will share information on compliance and enforcement related matters, and work together on issues related to firm oversight and examinations.

FINRA and IIROC warn about leveraged and inverse ETFs

FINRA and IIROC remind firms of their sales practice obligations with regards to leveraged and inverse ETFs. ETFs that are designed to achieve investment objectives on a daily basis may not be suitable for many investors, and should not be marketed as if they were designed to positively or negatively track...

“Office of the Whistleblower” created

FINRA’s new Office of the Whistleblower will process high risk tips. The agency’s Front End Cause Unit will still handle the thousands of routine regulatory tips and customer complaints it recieves each year.