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Posts Tagged ‘The SIPA’

U.S. Chamber of Commerce Hits FINRA Hard

Posted by Larry Doyle on July 20th, 2011 8:49 AM |

Would your blood start to boil if you felt a hand in your back pocket going for your wallet? Damn right it would.

Then your blood should also boil when the topic of financial regulatory reform comes up. Why?

For the very simple reason that the quality of our financial regulations has an enormous impact on that hand reaching for your wallet.

Do you have confidence that either the crowds on Wall Street or in Washington will truly and effectively protect you from that hand? Not much, right? Me neither. Who will? (more…)

Tags: consumer and investor protections, debate over financial regulations, Dodd-Frank Act implementation, Dodd-Frank financial regulatory reform, Elton Johnson of Amerivet Securities, financial regulatory reform, FINRA Accountability and transparency, future financial regulations, hand going for wallet, Institutional Shareholder Services, investor education, ISS, Larry Doyle, POGO, quantity vs quality of financial regulation, Sense on Cents, structure of financial regulations, The SIPA, U.S> Capital Markets Competitiveness: The Unfinished Agenda, U.S. Chamber of Commerce report on financial regulation, US Chamber of Commerce, Wall Street regulation, who is Finra, who protects consumers, who protects investors
Posted in FINRA, General, regulation | 2 Comments »

Who Are the FINRA Board of Governors?

Posted by Larry Doyle on August 22nd, 2010 10:23 AM |

While the general financial media would seem not to understand nor care that Wall Street to a large extent is a self-regulated industry, many within the industry and around the country very much care. The Financial Industry Regulatory Authority (FINRA) is the financial industry’s self-regulatory organization.

At FINRA’s 2010 Annual Meeting held a week ago, FINRA’s member firms overwhelmingly voted for seven aggressive non-binding proxy proposals. These proposals were by and large targeted at bringing greater transparency and disclosure to FINRA’s operations. Will FINRA’s board of governors acquiesce and fully address these proposals? (more…)

Tags: Amerivet proxy Proposals, financial sro, finra 2010 annual meeting, finra transparency and disclosure, Investment News, John Busacca, Larry Doyle, Sense on Cents, sipa, SRO, The SIPA, Wall Street regulation, Wall Street sro, what does Finra do?, who are the FINRA board of governors, who is Charles Bowsher, who is Dr. Shirley Ann Jackson, who is Ellyn L. Brown, who is Finra, who is Gary H. Stern, who is Harvey J. Goldschmid, who is James D. Weddle, who is James E. Burton, who is Jed Bandes, who is Joel Blumenschein, who is Joel Seligman, who is John F. X. Dolan, who is John J. Brennan, who is John W. Schmidlin, who is Ken Norensberg, who is Kurt P. Stocker, who is Mark S. Casady, who is Richard F. Brueckner, who is Richard G. Ketchum, who is Richard S. Pechter, who is Seth H. Waugh, who is W. Dennis Ferguson, who is William H. Heyman
Posted in FINRA, General | 8 Comments »

FINRA Gets New ‘Sheriffs’; Amerivet Proxy Proposals Approved!! Strongly Recommended

Posted by Larry Doyle on August 14th, 2010 12:14 PM |

Monday 8-16-10

I am continuing to keep this commentary as my lead post for three reasons:

1. I believe the potential impact of the developments in this story are enormous on the financial regulatory system in our nation.
2. This story received very little if any coverage outside of some industry newsletters.
3. Weekend traffic at blogs is considerably less than during the week.

I truly hope readers can fully appreciate the magnitude of the developments captured within this story. Sense on Cents’ pursuit of truth, transparency, and integrity took a giant step forward with the results of last week’s FINRA Annual Meeting. Have I piqued your interest? Read on and spread the word!! LD

Saturday morning in America!!

On this glorious morning on the east coast, I believe all Americans should be heartened by the results of the annual meeting held by Wall Street’s self-regulator, FINRA, this past Thursday. I remain convinced that FINRA as an organization remains an unknown entity to the overwhelming majority of the American populace. The results from this annual meeting may start to change that unfortunate reality. How so? Let’s navigate.

The Securities Industry Professional Association (The SIPA), long a thorn in FINRA’s side, actually trumped the FINRA release in highlighting the results of elections to the FINRA board of governors. Good for John Busacca and his colleagues at the SIPA in sending a strong message to FINRA that there are ‘new sheriffs in town.’ Yesterday the SIPA released,

SIPA Candidates Sweep FINRA Board Elections! (more…)

Tags: Amerivet proxy proposals August 2010, Colonel Elton Johnson, FINRA, FINRA Board of Governors, FINRA elections August 2010, Jed Bandes, Joel Blumenschein, John Busacca, Jonathan Cuneo, Ken Norensberg, results of FINRA annual meeting August 2010, results of voting on Amerivet proxy proposals, Richard Greenfield, SIPA Candidates Sweep FINRA Board Elections, The SIPA, William Anderson
Posted in FINRA, General | 10 Comments »

A New Low at the SEC: Internet Porn-Surfing

Posted by Larry Doyle on February 4th, 2010 6:50 AM |

High five to our friends at The SIPA for further exposing, no pun intended, a story that employees (including high ranking officials) at the SEC seem to have had a predilection with internet porn sites. The Washington Times reported, SEC Workers Investigated for Porn-Surfing.

You can’t make this stuff up. Kudos again to The SIPA for putting the proper level of seriousness into its review of this story: