Tagged: robert cook

Digital Assets: Chair of House Financial Services Sends Letter to SEC, FINRA Questioning Prometheum Relationship, Says Investor Has Ties to CCP

The Chair of the House Financial Services Committee, Representative Patrick McHenry, along with other Committee Republicans, have sent a letter to the Chair of the SEC, Gary Gensler, as well as the FINRA President Robert Cook, questioning the relationship with Prometheum and the approval for… Read More

GameStopped Hearing Part III: What’s Next for Policymakers?

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

Next GameStop Hearing at House Committee of Financial Services to Include SEC Chairman Gary Gensler

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

FINRA Creates Office of Financial Innovation to Support Fintech

FINRA, the lead regulator for broker-dealers in the US, has opened up an Office of Financial Innovation in recognition of the growing importance of Fintech. Haimera Workie, currently a Senior Director at FINRA, will become its inaugural chief. FINRA President and CEO Robert W. Cook… Read More

Is FINRA Broken? Does FINRA Need to be Fixed?

The Financial Industry Regulatory Authority or FINRA is currently in the midst of a comprehensive review of its rules and practices. The internal project has been labeled FINRA 360 and is said to ensure that FINRA is operating as the most effective self-regulatory organization it can be…. Read More

A New Direction for FINRA? – Washington, DC & Live Stream

The Financial Industry Regulatory Authority (FINRA) is a regulator of central importance to the functioning of U.S. capital markets. It regulates nearly 4.000 broker-dealers and almost 650,000 registered representatives.  It is a private, not-for-profit organization. In 2015, FINRA levied $94 million in fines against broker-dealers,… Read More

FINRA Wants to Better Understand Fintech. Launches “Innovation Outreach Initiative”

The Financial Industry Regulatory Authority (FINRA) has created a new entity to help it better understand Fintech innovation. Announced today, FINRA has created “Innovation Outreach Initiative” to “foster an ongoing dialogue” with the securities as finance goes digital. FINRA says the initiative will build on… Read More

FINRA CEO on Change: “We must avoid incrementalism or convenient compromises when bold action is required”

At the annual FINRA Conference in Washington, DC, this week FINRA President and CEO Robert Cook took the stage to talk about change.  In a speech entitled A Changing Industry – A Changing Industry, Cook reflected on his initiative to build a better FINRA.  In… Read More

Regulatory Notice: FINRA Asks for Comments on Capital Formation Including Crowdfunding & More

The Financial Industry Regulatory Authority (FINRA) has filed a regulatory notice and a request for comments regarding capital formation. The review includes aspects of the JOBS Act and crowdfunding. FINRA said the request for comments was part of its FINRA360 initiative, a comprehensive review of… Read More

Trading and Markets Director Robert Cook to Leave SEC

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that Robert W. Cook, Director of the SEC’s Division of Trading and Markets, plans to leave the agency. Since joining the SEC in January 2010, Mr. Cook has led the Division’s broad regulatory… Read More

Send this to a friend