Wall St. watchdog boosts tech hires as two big data projects loom
NEW YORK (Reuters) - An industry-funded watchdog is beefing up its aging technology as it takes on broader oversight of U.S. stock trading and seeks to manage both a new...
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U.S. financial planning board to spot-check use of ‘fee only’ term
(Reuters) - An organization that certifies and develops standards for financial planners is conducting spot checks of advisers it lists on its websites to make sure they are not misidentifying...
Wall Street regulator backs registration for high-speed traders
WASHINGTON (Reuters) - High-frequency trading firms should be required to register with U.S. securities regulators, the head of Wall Street's industry-funded regulator said on Tuesday. "I think it would be...
Wall Street watchdog prepares to launch data collection plan in 2015
WASHINGTON (Reuters) - Wall Street's industry-funded watchdog aims to build and launch the initial phases of a mammoth broker data collection system in 2015, assuming it secures approval for the...
Wall Street watchdog revamps plan for broker disclosure link
(Reuters) - Wall Street's industry-funded watchdog is asking for public input on a retooled plan designed to make it easier for investors to research the backgrounds of brokerage firms and...
Regulator’s broker bonus disclosure plan riles insurers
(Reuters) - Some of the loudest critics of a plan to require stockbrokers to tell clients about bonuses they receive for switching firms are not from Wall Street, but from...
Wall Street watchdog mandates broker background checks
(Reuters) - Wall Street's self-funded regulator said brokerage firms would have to conduct their own background checks on new recruits after critics pointed to gaps in disclosures by some brokers...
Big win offers Wall Street brokers path to clean up records
(Reuters) - There is hope for Wall Street brokers whose professional histories are marred by complaints from customers about securities that went sour after their brokerage firms promoted them as...
Wall Street watchdog kicks off review of rules to gauge impact, costs
The Financial Industry Regulatory Authority, Wall Street's watchdog, on Tuesday launched a review of its rules to determine whether they are effective and their costs and benefits are in line...
UBS unit must pay $5.4 million to ex-broker who sold Lehman notes: panel
(Reuters) - A unit of UBS AG must pay $5.4 million to a former broker who said the firm misled its advisers about the financial health of Lehman Brothers Holdings...