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	<title>The SIPA</title>
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	<description>The Blog Of The Securities Industry Professional Association</description>
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	<copyright>Copyright 2012 - The SIPA </copyright>
	<managingEditor>john@thesipa.com (The SIPA)</managingEditor>
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		<title>RETIRED AMERICANS FEELING SQUEEZE</title>
		<link>http://www.thesipa.com/blog/2013/04/30/retired-americans-feeling-squeeze/</link>
		<comments>http://www.thesipa.com/blog/2013/04/30/retired-americans-feeling-squeeze/#comments</comments>
		<pubDate>Tue, 30 Apr 2013 20:41:32 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[John Busacca]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[elderly]]></category>
		<category><![CDATA[FINRA]]></category>
		<category><![CDATA[retired Americans]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1133</guid>
		<description><![CDATA[  Brokers Beware   With each passing year retired Americans have felt the squeeze of the artificially lowered interest rates that have been crippling this country without so much as a whimper from AARP and its lobbyist friends.  Years ago, many Americans would work their whole life and save up a couple hundred thousand and [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>FINRA Finally Protecting Brokers</title>
		<link>http://www.thesipa.com/blog/2013/04/16/finra-finally-protecting-brokers/</link>
		<comments>http://www.thesipa.com/blog/2013/04/16/finra-finally-protecting-brokers/#comments</comments>
		<pubDate>Tue, 16 Apr 2013 18:42:27 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[John Busacca]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1125</guid>
		<description><![CDATA[John Thomas case could set precedent  FINRA recently came out with a scathing and lengthy complaint against John Thomas Financial and its principals, including its owner Tommy Belesis.  While most of the charges were ugly to say the least however the part of the complaint that really caught my eye was the fact that JTF [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>SIDE BAR with Bill Singer</title>
		<link>http://www.thesipa.com/blog/2013/02/15/side-bar-with-bill-singer/</link>
		<comments>http://www.thesipa.com/blog/2013/02/15/side-bar-with-bill-singer/#comments</comments>
		<pubDate>Fri, 15 Feb 2013 17:06:41 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[John Busacca]]></category>
		<category><![CDATA[Regulatory Opinion]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1118</guid>
		<description><![CDATA[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 [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>A Reminder for Small BDs Facing FINRA Fines: Size Matters</title>
		<link>http://www.thesipa.com/blog/2013/02/15/a-reminder-for-small-bds-facing-finra-fines-size-matters/</link>
		<comments>http://www.thesipa.com/blog/2013/02/15/a-reminder-for-small-bds-facing-finra-fines-size-matters/#comments</comments>
		<pubDate>Fri, 15 Feb 2013 16:42:42 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[Regulatory Opinion]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[dianne]]></category>
		<category><![CDATA[fines]]></category>
		<category><![CDATA[FINRA]]></category>
		<category><![CDATA[matters]]></category>
		<category><![CDATA[size]]></category>
		<category><![CDATA[trenholm]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1115</guid>
		<description><![CDATA[ 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 [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>VANISHING BROKER DEALERS</title>
		<link>http://www.thesipa.com/blog/2013/02/05/vanishing-broker-dealers/</link>
		<comments>http://www.thesipa.com/blog/2013/02/05/vanishing-broker-dealers/#comments</comments>
		<pubDate>Tue, 05 Feb 2013 20:47:35 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1110</guid>
		<description><![CDATA[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 [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Comp Rule Puts FinraBetween Broker and Client</title>
		<link>http://www.thesipa.com/blog/2013/01/30/comp-rule-puts-finrabetween-broker-and-client/</link>
		<comments>http://www.thesipa.com/blog/2013/01/30/comp-rule-puts-finrabetween-broker-and-client/#comments</comments>
		<pubDate>Wed, 30 Jan 2013 19:29:01 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1106</guid>
		<description><![CDATA[ By  Dock Treece With 2013 barely underway, Finra has wasted no time in proposing onerous new rules and regulations for member firms. One such rule was recently released for comment with Regulatory Notice 30-32, the so-called “broker compensation rule.” Essentially the firm introduces a new requirement for registered representatives who are recruited away from one [...]]]></description>
		<wfw:commentRss>http://www.thesipa.com/blog/2013/01/30/comp-rule-puts-finrabetween-broker-and-client/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEC DISMISSES GOBLE CASE</title>
		<link>http://www.thesipa.com/blog/2013/01/16/sec-dismisses-goble-case/</link>
		<comments>http://www.thesipa.com/blog/2013/01/16/sec-dismisses-goble-case/#comments</comments>
		<pubDate>Wed, 16 Jan 2013 16:00:26 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[Securities & Litigation Update]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1100</guid>
		<description><![CDATA[UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION  SECURITIES EXCHANGE ACT OF 1934 Release No. 68651 / January 14, 2013 Admin. Proc. File No. 3-14390 &#160; In the Matter of RICHARD L. GOBLE  ORDER DISMISSING PROCEEDING &#160; I. &#160; Richard L. Goble, the founder of North American Clearing, Inc., formerly a broker-dealer registered [...]]]></description>
		<wfw:commentRss>http://www.thesipa.com/blog/2013/01/16/sec-dismisses-goble-case/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Comment needed for latest FINRA proposal</title>
		<link>http://www.thesipa.com/blog/2013/01/10/comment-needed-for-latest-finra-proposal/</link>
		<comments>http://www.thesipa.com/blog/2013/01/10/comment-needed-for-latest-finra-proposal/#comments</comments>
		<pubDate>Thu, 10 Jan 2013 16:02:47 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1075</guid>
		<description><![CDATA[ Your voice does count but only if you use it.   FINRA recently proposed the following rule to members: &#160; Regulatory Notice 13-02 FINRA Requests Comment on a Proposed Rule to Require Disclosure of Conflicts of Interest Relating to Recruitment Compensation Practices  Comment Period Expires: March 5, 2013 Executive Summary Many member firms offer significant [...]]]></description>
		<wfw:commentRss>http://www.thesipa.com/blog/2013/01/10/comment-needed-for-latest-finra-proposal/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Broker Protection Reform Needed</title>
		<link>http://www.thesipa.com/blog/2013/01/10/broker-protection-reform-needed/</link>
		<comments>http://www.thesipa.com/blog/2013/01/10/broker-protection-reform-needed/#comments</comments>
		<pubDate>Thu, 10 Jan 2013 15:37:57 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[John Busacca]]></category>
		<category><![CDATA[Regulatory Opinion]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[BROKER]]></category>
		<category><![CDATA[FINRA]]></category>
		<category><![CDATA[protection]]></category>
		<category><![CDATA[theft]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1071</guid>
		<description><![CDATA[Its time to protect the reps from theft  On a monthly basis it seems we read another story about how the owner of a B/D shut his doors, filed a BD withdrawal and then decided to keep last month’s entire production and not pay out their brokers.  In a recent case a Firm owner from [...]]]></description>
		<wfw:commentRss>http://www.thesipa.com/blog/2013/01/10/broker-protection-reform-needed/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A New Way to Steal Client Money</title>
		<link>http://www.thesipa.com/blog/2012/12/12/a-new-way-to-steal-client-money/</link>
		<comments>http://www.thesipa.com/blog/2012/12/12/a-new-way-to-steal-client-money/#comments</comments>
		<pubDate>Wed, 12 Dec 2012 18:04:31 +0000</pubDate>
		<dc:creator>jbusacca</dc:creator>
				<category><![CDATA[John Busacca]]></category>
		<category><![CDATA[Regulatory Opinion]]></category>
		<category><![CDATA[The SIPA Opinion]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[charles bishop.theft]]></category>
		<category><![CDATA[FINRA]]></category>
		<category><![CDATA[Merrill Lynch]]></category>

		<guid isPermaLink="false">http://www.thesipa.com/blog/?p=1059</guid>
		<description><![CDATA[How FINRA and Merrill Lynch now define theft   Every month I peruse the monthly disciplinary actions for two reasons. First to see what the trend of actions currently is and secondly to see if I know any of the firms or people who are being named.  This month was no different but one case in [...]]]></description>
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		<slash:comments>0</slash:comments>
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