For the third year, FINRA has published its now-annual (apparently) statistical accounting of its membership and the registered representatives who work for those firms.  I went back and looked the blogs I posted after the 2019 report and the 2018 report, and, predictably (and somewhat sadly), the same trends continued last year as I

The longer I do this, the more apparent it becomes just how little anything changes.  Sure, some things do change, a little.  Rule numbers may get updated, as Rule 2310 becomes Rule 2111.  Things that once may have been done manually are now automated.  NASD changes its name to FINRA.  But, in large ways, especially

Seems like just days ago I blogged about Jessica Hopper and her commitment to providing restitution to customers.  Since I posted that blog, there were two other settlements (which I added to that blog as updates) in which FINRA again seemed to prioritize restitution over the imposition of a fine.  Yesterday, however, FINRA announced a

Two years ago, when it was just an ugly rule proposal, I blogged about FINRA’s intent to modify its MAP rules to “Incentivize Payment of Arbitration Awards.”  Sadly, FINRA once again showed it spinelessness by pushing these rule amendments through, ignoring the concerns of its own member firms.  They are now not just rule proposals,