Nearly a year ago, FINRA adopted Rule 2165 (Financial Exploitation of Specified Adults) and amended Rule 4512 (Customer Account Information). This new rule and amended rule were ways to address
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Joshua Horn
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Takeaways From The SEC Investor Bulletin On Wrap Fee
By Joshua Horn on
The SEC recently put out an Investor Bulletin on wrap fees. Although this guidance is steered toward consumers, there are lessons to be learned by firms who offer such programs.
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What FINRA Found in its Examinations
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FINRA recently issued a report regarding its examination findings. FINRA issued this report so that firms can gain insight from the work of FINRA’s examination of other firms.
Among the…
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What’s The Deal With Branch Office Inspections?
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In Notice to Members 17-38, FINRA has put out for comment a change to Rule 3110 that would allow the remote inspection of certain “qualifying offices” as that term is…
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So Who Wants To Lie On Their U-4
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The SEC recently upheld a statutory disqualification that FINRA imposed where the representative filed a false U-4 and falsely answered compliance questionnaires. It appears as though the registered representative…
So The SEC Is Now Focused On Retail Investors
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The SEC recently announced an enforcement initiative that will target retail investor harm. The agency’s task force will use data analytics to find widespread problems regarding fee disclosures and unsuitable…
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FINRA Changes To Arbitration Procedure
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FINRA is considering a number of changes to its arbitration procedure. For a good discussion on the subject, see this article.
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So You Think You Have No Cybersecurity Issues
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Recent exams have shown that cybersecurity weaknesses are a real issue for the industry. This article from the Investment News provides the detail.
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Cyber-Security and the SEC Alert
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For a nice discussion on the SEC’s cyber-security alert, please see this link.
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Cybersecurity — What are you doing
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The SEC recently issued an alert for investment advisors regarding cybersecurity. Here is a link to a story on the alert. Are you doing enough to fight this risk? If…
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