Stories Worth Reading This Morning

Among the stories you should consider reading today:

  • FINRA's Susan Axelrod announced at a PLI panel on Wednesday that FINRA is reviewing conflicts of interest at 14 broker-dealers.  The review seems to be geared toward being sure that registered representatives keep their focus on suitability of the products sold to their customers.

  • This article suggests that we all get ready for a wave of new anti-fraud rules from the states, "beginning with New York."  I suspect those efforts will end with New York, too.

  • Investment News explains that a fiduciary standard for retail advisers and a possible SRO for advisory firms may be on the back burner until after the elections, but still remain hot-button issues for investment advisers.  Indeed, Mary Schapiro expects to see.

  • The Daily Beast has a good piece on the scene at Rajat Gupta's sentencing on Wednesday (two years as handed down by Judge Rakoff).

  • Bruce Carton at Securities Docket noted on Twitter yesterday that Fortune has a slideshow on "the best advice I ever got."  I always like those things.

I hope you like them, too, and have a good weekend.

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Three More Thoughts about Securities Enforcement Forum 2012