Posts tagged as:

finra

FINRA, broker regulator, gets serious about social media

by on January 26, 2010

A sign that use of social media has become truly widespread, FINRA, the Financial Industry Regulatory Authority and the largest non-governmental regulator for all securities firms doing business in the United States, issued some interesting new guidance to stock brokers intending to use Facebook and Twitter. In Regulatory Notice 10-06 issued yesterday, the industry regulator [...]

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Broker/Dealers receive wrist slap for helping hedgies skirt taxes

by on October 12, 2009

Bloomberg reports today that Citigroup agreed to pay $600,000 in fines related to a charge Finra brought against the bank.  The regulator claimed that Citigroup didn’t properly supervise specific transactions of foreign clients to skirt paying taxes on dividend payments. According to the Bloomberg article: Investigators at the Financial Industry Regulatory Authority, which polices almost [...]

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1-pager: Leveraged and inverse ETFs on the ropes

by on September 11, 2009

Summary Regulators have their sights set on restructuring the market for leveraged, inverse(short) and commodity ETFs.  Increased scrutiny for these index shorts and leveraged bets have the ETF industry running for cover and it’s already impacting existing shares in common ETFs tracking commodities and sectors, like Oil and Financials.  Advisers commonly use these products for [...]

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Continued war raging against inverse and leveraged ETFs

by on September 2, 2009

Dow Jones is reporting that investors in exchange traded funds (ETFs) that use leverage to achieve 2x and 3x of certain indices and inverse ETFs, funds that attempt to perform -1x certain index, are going to face higher margin requirements in the months to come. In an article published yesterday, Ian Salisbury of Dow Jones [...]

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