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…

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…