Regulation & Compliance

Asset managers and many advisors are waving red flags around FINRA's proposal to craft new rules for "complex products," which could make it harder to invest in leveraged funds. But one group representing investors has a different take.

Retail investors and private funds alike have flocked leveraged and inverse funds amid market turmoil.

The decline in the regulatory authority’s operating revenues is expected to be offset by previously announced fee increases on member firms.

Nearly 15% of advisory firms are in the dark about how to comply with this regulation.

FINRA’s latest Industry Snapshot reflects the continued shift away from commission business toward advisory.

According to the commission, Alexandra H. Cock and her firm, Wealth Plus, raised more than $2.5 million in securities in two real estate investment management companies that defrauded investors of millions of dollars.

Hwang, the billionaire behind Archegos Capital Management, is facing 380 years in prison.