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Finra Settles in Battle of Overseers

In a rare case of watchdog bites watchdog, the Financial Industry Regulatory Authority agreed Thursday to settle civil charges of violating securities laws filed by the Securities and Exchange Commission. Finra, a self-regulatory organization for securities firms that is overseen by the SEC, agreed to hire an outside consultant and provide additional staff training as part of the deal to settle accusations of doctoring documents requested by SEC inspection staff. Read more in the Wall Street Journal here.

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