News
FINRA issues first AML disciplinary action (Aug 20 2007)
The Financial Industry Regulatory Authority has issued its first anti-money laundering disciplinary action. FINRA fined South Florida-based First American Capital and Trading Corporation $30,000 and required that all of its "registered persons" take three hours of AML training.
FINRA orders Morgan Stanley to pay $6.1m (Aug 03 2007)
In its first announced enforcement action, the Financial Industry Regulatory Authority has ordered Morgan Stanley to pay more than $6m and has sanctioned a trader for overcharging customers in corporate bond transactions.
NYSE Regulation names new enforcement and surveillance heads (Aug 02 2007)
While the Financial Industry Regulatory Authority launched formally on Monday as the new self-regulatory organization for NASD member firms and the public business of New York Stock Exchange firms, broker-dealer compliance officers should not forget that NYSE Regulation is still a formidable presence.
New broker-dealer SRO rings its opening bell (Jul 31 2007)
After an eight-month wait, the Financial Industry Regulatory Authority, the self-regulatory organization formed by consolidating the NASD and New York Stock Exchange member regulation functions, began operating on Monday.
SEC approves NASD-NYSE regulatory consolidation (Jul 27 2007)
The Securities and Exchange Commission on Thursday gave final regulatory approval to the consolidation of the member firm regulatory functions of NASD and New York Stock Exchange Regulation.
NASD picks another name (Jul 16 2007)
NASD chairman and chief executive officer Mary Schapiro has announced the name of the proposed combination of NASD and the regulatory functions of the New York Stock Exchange — again.
Managing brokerage and trading risks: the heavyweights weigh in (Jul 05 2007)
Officials from the Securities and Exchange Commission and the Securities Industry Regulatory Authority, the upcoming combination of NASD and New York Stock Exchange Regulation, recently warned broker-dealers to improve their risk-management measures.
Que SIRA, sera: new SRO gets new name (June 21st)
The new broker-dealer self-regulatory organization has named itself the Securities Industry Regulatory Authority, chief executive officer-in waiting Mary Schapiro announced in Washington, DC, on Wednesday.
Regulators make SRO merger case to lawmakers (May 18th)
Securities regulators assured a key Senate subcommittee Thursday that the proposed merger between NASD and the New York Stock Exchange's regulatory wing would streamline compliance, reduce costs and improve investor confidence.
Judge dismisses challenge to NASD-NYSE consolidation (May 4th)
NASD chairman and chief executive officer Mary Schapiro is scheduled to testify today before the Senate Banking Committee on her agency's pending merger with the New York Stock Exchange's regulatory wing.
New securities SRO announces leadership moves (March 19th)
With a formal schedule for consolidating with its New York Stock Exchange counterpart, NASD has announced structural and organizational moves involving member regulation, enforcement, dispute resolution and technology.
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