CFTC LAW » FINRA

FINRA and IIROC announce cooperation agreement

Felix Shipkevich — Mon, 27 Jul 2009 17:07:17 +0000

Under the new cooperation agreement, FINRA and IIROC will share information on compliance and enforcement related matters, and work together on issues related to firm oversight and examinations.

FINRA and IIROC warn about leveraged and inverse ETFs

Felix Shipkevich — Thu, 11 Jun 2009 16:32:45 +0000

FINRA and IIROC remind firms of their sales practice obligations with regards to leveraged and inverse ETFs. ETFs that are designed to achieve investment objectives on a daily basis may not be suitable for many investors, and should not be marketed as if they were designed to positively or negatively track an underlying index or benchmark over a longer period of time.

“Office of the Whistleblower” created

Felix Shipkevich — Fri, 06 Mar 2009 02:43:34 +0000

FINRA’s new Office of the Whistleblower will process high risk tips. The agency’s Front End Cause Unit will still handle the thousands of routine regulatory tips and customer complaints it recieves each year.