For years, Lisa Braganca has advocated reforming the way that registered representatives can clear their records of customer complaints. But when the Finra board announced last week that it had approved revisions to a previous proposal for doing so, Braganca was caught off guard.

A Delaware-based investment advisory firm is facing fraud charges from the SEC over claims that its clients were defrauded in a nearly five-year cherry picking scheme that put more than $1 million in the owner’s pocket.

On November 15, 2019, Maricopa County Superior Court Judge Erin Otis kept a secret.

If you were looking for reasons why members of Congress trading stocks can be a bad look, Rep. Doug Lamborn’s curious, aggressive trading style is a case-study in questionable behavior.

The Financial Industry Regulatory Authority Inc. included a section about Reg BI compliance in its annual report on its examination program. The broker-dealer self-regulator& outlined on pages 26-27 its findings from Reg BI exams, most of which involved shortcomings like brokerages not acting in their customers’ best interests and failing to mitigate conflicts of interest.

The Securities and Exchange Commission settled charges with six investment advisory firms and six broker/dealers, alleging they did not deliver their Form Customer Relationship Summaries to clients on time; some also didn’t include information required by the SEC, the regulator said.

Crypto businesses are worried about SEC’s recent plans to expand oversight to digital assets, which might currently trade outside its supervision.

“By taking away this sort of activity, you would remove the fear that members of Congress will introduce particular pieces of legislation or oppose them for some personal financial concern,” says Ben Edwards, an expert on securities law and professor at the William S. Boyd School of Law at UNLV.