At one time or another, member firms will likely need the services of an outside vendor. This may be particularly true for smaller member firms. Outside vendors have their place,
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Books and Records
So How Is Your Cybersecurity
By Joshua Horn on
The SEC and FINRA have continued to designate cybersecurity as an exam priority. Both the SEC and FINRA have also recently published the findings of their exam sweeps. As reported…
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Are You Charging Your Customers Too Much
By Joshua Horn on
If you are not asking that question, FINRA may as its recent $350,000 fine levied against a major brokerage house indicates. In that instance, FINRA found that the brokerage charged…
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You Don’t Really Want That Client, Do You
By Joshua Horn on
As we all look to our planning for the coming year, we are all looking for ways to increase our client base. Although that is the goal, a mistake in …
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Personal Email For Firm Business – Don’t Do That
By Joshua Horn on
As firm clients demand more and more access to their registered representatives, member firms must do more to make sure that their brokers do not run afoul of the firm …
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SEC Temporarily Exempts BDs from Certain Rules
By Ernest Badway on
The SEC provided firms with a temporary exemption from certain requirements under recently-adopted amendments to its broker-dealer financial responsibility rules.
The amendments – established new requirements under the Securities Exchange…
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What Are You Doing About Cyber-Security
By Joshua Horn on
It was apparently not enough that the SEC and FINRA made cyber-security an exam priority for 2014, but the Department of the Treasury has now focused on this pervasive issue. …
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SEC Announces Exam Priorities
By Ernest Badway on
Tis the season for the regulators to announce their examination priorities. No less than the SEC’s Office of Compliance Inspections and Examinations released its 2014 Examination Priorities for its National…
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Broker Custody and Financial Responsibility Rules Implemented
By Ernest Badway on
A divided Securities and Exchange Commission adopted new rules to strengthen oversight of broker-dealers’ custody of customer assets.
The regulations amend the SEC’s broker-dealer reporting rule Securities and Exchange Act…
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