US Broker-Dealer Imports China Stock Research

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With July 4 finding Americans celebrating Independence Day, BrokerDealer.com blog spotlights U.S. agency-brokerage Rosenblatt Securities’ now offering its U.S. institutional clients access into the Chinese equity market. Reporting courtesy of TradersMagazine.com

As reported by TradersMag John D’Antona, Rosenblatt Securities and SinoPac Securities have signed an exclusive agreement to bring Greater-China research, corporate-access, trading and banking services to North America.

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“This collaboration agreement is consistent with SinoPac’s broader strategy of developing further business opportunities for clients abroad, particularly in the US, and is another major step in expanding our international product offering and capabilities,” said Jerry Jiang, senior executive vice president and head of the Institutional Business Group of SinoPac Securities.

Rosenblatt’s foreign—research chaperoning efforts originally focused on leading African and Middle Eastern brokers, such as Attijari Intermediation in Morocco, CardinalStone Partners in Nigeria, Global Investment House in Kuwait and Old Mutual Securities in Kenya. With the addition of SinoPac’s coverage, between Rosenblatt’s proprietary research and that of its chaperoning partners, Rosenblatt clients now have access to dozens of analysts in sixteen developed, emerging and frontier markets covering nearly 500 companies.

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SEC OK’s Start-Ups’ Use of Social Media

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Trying to figure out how many investors might want to fund your small business? Go ahead and tweet about it.

The US Securities & Exchange Commission (SEC) has given a social media greenlight to startups seeking to raise money and this week updated rules allowing for use of Twitter and other social media tools to solicit investors.

The Division of Corporate Finance announced that tweets of 140 characters or less are a proper way for a startup to gauge potential investor interest in a stock or debt offering. The posting must include a link to a disclaimer that says the firm isn’t yet selling securities.

If you are interesting in equity opportunities with start-ups, click here. Brokerdealer.com is the leading database for broker-dealers that want to help you.

Bloomberg noted that the SEC has been warming up to social media since April 2013, when it approved the use of posts on Facebook and Twitter to communicate corporate announcements such as earnings. Its latest endorsement of social media applies only to companies looking to raise up to $50 million a year.

Firms that use Twitter to solicit investor interest must include a link to a required disclaimer that says the firm isn’t yet selling securities, the SEC said in this week’s announcement.

It’s not clear how many companies will take advantage of the higher fundraising cap. Fewer than 30 offerings were made from 2012 to 2014, when the limit was $5 million, according to the SEC.

This post is from raisemoney.com.

Finra Fines Bolster BD Regulator’s Finances

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Finra, aka Financial Industry Regulatory Authority Inc, the broker-dealer industry’s regulator announced a major uptick in revenues and profits, including a 2-fold increase in revenue collected from fines imposed on brokerdealers and others.

Finra’s income for 2014 jumped more than $100 million, as a result of cost-cutting and revenue-generating measures, InvestmentNews reports.

In particular, the industry-funded watchdog doubled money raised through fines, despite a drop in the number of actions, while a voluntary retirement program ate into overall expenses.

Finra’s net income jumped to $129 million in 2014 from $1.7 million in 2013, according to the regulator’s annual report cited by InvestmentNews. Revenue increased from $900.7 million to $996.6 million. In large part, this was due to the $132.6 million collected in fines during 2014, compared to $60.4 million in 2013. While the number of monetary sanctions dropped from 754 in 2013 to 645 in 2014, the average fine soared from $80,100 to $205,600 in the same time period, according to the publication.

Finra also had a 5.8% return in its investment portfolio, which rose from $1.954 billion in 2013 to $2.076 billion in 2014. The regulator attributed this primarily to its fixed-income holdings, according to the newspaper.

Meanwhile, the authority cut its expenses from $998.9 million to $964.8 million from 2013 to 2014. This was helped by 176 employees taking voluntary retirement, according to the report, says InvestmentNews.

Mind you, the number of Finra executives earning $1 million or more went up, from four in 2013 to seven last year. And its member firms each got a $1,200 rebate to offset the regulator’s annual gross-income assessment.

To read the full article, click here.