“The SEC is unable to hold bad actors accountable through most enforcement actions, preventing harmed investors from obtaining relief,” said Waters, chairwoman of the House Committee on Financial Services.
When the government reopens, a new House rule could raise the hurdle for legislation meant to encourage retirement savings.
FINRA granted 70 percent of broker expungement requests over the last decade.
The merger will allow NCS to expand into new customer segments, investment products and geographies.
The private equity firm will pay a $400,000 fine to the SEC.
Chris Noone is the latest to take legal action after the insurance company cut trail commissions on annuity contracts.
Despite numbers to the contrary, regulators are likely to double down on compliance in the near future.
