Archive for February, 2013
SIDE BAR with Bill Singer
New series brings long overdue exposure to Wall Street problems Noted securities attorney, blogger, SIPA friend and Forbes contributor Bill Singer has recently launched a new interview series in conjunction with Reuters news that is tackling problems often swept under the rug or never mentioned by todays media.. Over the years Bill has been a […]
A Reminder for Small BDs Facing FINRA Fines: Size Matters
Last month, FINRA reported two unrelated settlements of disciplinary actions against member firms noting its imposition of lower fines after taking into consideration, among other things, each firm’s limited revenues and financial resources. Indeed, FINRA reported 13 similar settlements in 2012. Back in 2006, NASD modified the General Principles Applicable to All Sanction Determinations portion […]
VANISHING BROKER DEALERS
The numbers below came directly from the FINRA web site and quite frankly, its a depressing snap shot of the state of the brokerage industry. There are many reasons why so many firms are out of business and this is not intended to just blame regulation. We have endured one of the worst economies in decades and the […]
