FINRA

Two Democratic Senators have taken a stand against the approval of further crypto exchange-traded products (ETPs), citing concerns over retail investor protection. What Happened: Senators Jack Reed of Rhode Island and Laphonza Butler of California have formally requested the U.S. Securities and...

Broker-dealer Merrill Lynch has been fined $12 million by regulators for failing to file approximately 1,500 suspicious activity reports (SARs) over a span of more than ten years, The Wall Street Journal reports. Regulatory Requirements Under U.S. anti-money-laundering rules, broker-dealers are...

The New York State Department of Financial Services said on Tuesday fined Robinhood Markets Inc (NASDAQ: HOOD) $30 million for significant anti-money laundering, cybersecurity and customer protection violations. In addition to the penalty, Robinhood’s crypto unit will have to retain...

With its IPO just around the corner, trading app Robinhood received a record fine on Wednesday for the mismanagement of its platform during extreme periods of market volatility in March 2020. What Happened? The Financial Industry Regulatory Authority, better known as FINRA, issued a $57...

In 2019, former financial professional Keith Gill, who goes by “Roaring Kitty” on Reddit, began a movement that pushed GameStop Corporation’s (NYSE: GME) stock price as high as $513.12 in premarket trade Jan. 28, after which numerous brokers made the controversial decision to...

In a move to further democratize financial markets, Apex Clearing formally integrated its services with Bambu, a robo-advisory technology solution, providing global access to U.S. markets. As part of the development, Bill Capuzzi, CEO at Apex Clearing, spoke with Benzinga regarding his firm’s...

In an interview with Benzinga, Carolyn Boroden of the trading education site Simpler Trading discussed her story of becoming a technical analyst. Beginnings Boroden is an analyst who specializes in Fibonacci trading analysis. Her Wall Street career began at Donaldson, Lufkin & Jenrette's...

The Financial Industry Regulation Authority (FINRA) is a self-regulatory organization that was established in its current form in 2007. Broadly speaking, their goal is “to provide investor protection and promote market integrity through effective and efficient regulation of broker-dealers....

Engaging in an initial public offering is an often thrown around prospect in the financial markets, but unlike the IPO, Initial Coin Offerings are relatively new phenomena, which came about with the evolution of cryptocurrencies. Just as IPO fever ran high in the 1990s, there is now a flurry of...

If you’ve ever wondered what it would take to start a new career as a stock broker, you may have heard of a Series 7 license. A Series 7 license is one of the major types of securities licenses issued by the Financial Industry Regulatory Authority (FINRA). A Series 7 license is also known as...

The need for fast, efficient compliance with stringent regulatory monitoring requirements lies at the heart of Lightspeed Trading’s recent selection of Trillium’s Surveyor to provide market surveillance and post-trade analytics to its platform. To help understand how Surveyor would...

The days of fractional increments in stock prices may be long gone. As of Tuesday, U.S. stock exchanges and FINRA have been directed by the Securities and Exchange Commission to work on a plan over the next two months to implement a pilot program that will last one year and allow some stocks to...