Friday, August 21, 2009
Finra defends its authority over B-D's dispensing financial advice
The Financial Industry Regulatory Authority Inc. isn't backing down from its position that it has authority over broker-dealers' financial planning activities.
Finra executive vice president Tom Selman maintained today it was entirely within Finra's authority to take action against Ameritas Investment Corp., a dually registered broker-dealer and investment adviser based in Lincoln, Neb., and one of its registered representatives, for advertising and sales violations involving misleading financial plans...
Investment News: Finra defends its authority over B-D's dispensing financial advice
Finra executive vice president Tom Selman maintained today it was entirely within Finra's authority to take action against Ameritas Investment Corp., a dually registered broker-dealer and investment adviser based in Lincoln, Neb., and one of its registered representatives, for advertising and sales violations involving misleading financial plans...
Investment News: Finra defends its authority over B-D's dispensing financial advice
Permalink posted by markw @ 4:50 AM 
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