Warren, Wyden Urge FINRA to Require Account Transfer Locks, Notifications
In a letter, the Democratic senators warned the self-regulator about the growing fraud associated with asset transfers between brokerages.
Tag: FINRA
Study Shows Correlation Between Financial Capability, Workplace-Based Financial Education
A joint EBRI / FINRA Investor Education Foundation study revealed that, even when controlling for demographic variables, positive relationships persist.
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Gap Between Men and Women’s Financial Literacy Becomes More Problematic as Adults Age
Women typically outlive men, but their financial literacy remains lower into their golden years, according to research from the Pension...
Retirement Industry People Moves
Alerus names top retirement services officer; Newport bolsters NQDC unit; T. Rowe board chair Stromberg steps down; and more.
Gen Z Workers Take Different Investing Approaches Than Older Generations
Plan participants born after 2000 raised their retirement contributions and invested in cryptocurrency and non-fungible tokens at higher rates than...
Vanguard to Pay FINRA $800,000 for Money Market Errors
The firm cited ‘technical’ issues in a letter of acceptance for overstating projections for 8.5 million accounts.
Pensionmark Hires Curley to Oversee Compliance
A former RIA founder, Curley will manage global financial services strategy.
Prudential Investment Management Fined for Inaccurate Investment Information
The firm has consented to a FINRA censure and a fine, based on allegations that it provided inaccurate expense and...
FINRA Fines AXA for Misrepresentations to 401(k) Plans About Bond Funds
FINRA accuses AXA of providing documents to plan sponsors and participants that misrepresented the credit quality of certain bond funds...