The Comprehensive Automated Risk Data System (CARDS) would allow FINRA, the largest independent regulator for all securities firms doing business in the United States, to collect information in a standardized format across all firms on a regular basis. CARDS was first floated as a concept release in December 2013, and an implementation proposal was released…

FINRA recently published the results of a survey of U.S. investors designed to measure perceptions of fairness and to gauge demand for additional regulatory protections. The investors surveyed made it clear they want more regulatory protections, even if it will increase costs that broker-dealers pass on to investors. Indeed, nearly three quarters of investors surveyed…

When problems between brokers and investors occur, the Financial Industry Regulatory Authority (FINRA) administers the largest forum specifically designed to resolve securities-related disputes between and among investors, securities firms and individual brokers. FINRA’s arbitration forum is the largest in the country for the securities industry, handling nearly 100 percent of securities-related arbitrations from more than…

The Financial Industry Regulatory Authority (FINRA) recently announced in Regulatory Notice 14-31 that the Securities and Exchange Commission (SEC) has approved a new rule prohibiting firms and registered representatives from conditioning settlement of a customer dispute on, or otherwise compensating a customer for, the customer’s agreement to consent to, or not to oppose, the firm’s…