As of December 12, 2015, FINRA will release Form U-5s within three business days of a member firm’s submission, instead of the fifteen days currently provided for under Rule 8312.
Continue Reading So what does the expedited release of a Form U-5 mean for you
Broker-Dealer Registration
What an amended FINRA Rule 8312 may mean to you.
By Joshua Horn on
FINRA has released for comment its proposed amendment to Rule 8312, otherwise known as the BrokerCheck Disclosure rule. As it currently stands, FINRA waits for 15 days before it releases…
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FINRA’s New EB-5 Disclosure Requirements re: Foreign Finders
By Fox Rothschild LLP on
New FINRA Rule 2040 became effective late last month, requiring broker-dealers who sell EB-5 securities disclose to investors the amount of finder fee payments to non-registered foreign persons and receive…
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Who Needs The SEC Anyway
By Joshua Horn on
At least one New York City official would answer that question in the negative. The city comptroller released a proposal that would require a financial advisor to clearly state whether…
Why You Need To Think Twice About That New Hire
By Joshua Horn on
Starting July 1, member firms are required to have written procedures to verify the accuracy and completeness of the information in a registered representative’s U-4 within 30 days of the…
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M&A BROKER RELIEF FROM REGISTRATION
By Ernest Badway on
The SEC’s Division of Trading and Markets stated that it would not recommend enforcement action if a “mergers and acquisitions broker” were to engage in the sale or purchase of…
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When in Rome Do as the Romans or At Least Play by the Rules
By Ernest Badway on
Usually, we spend a fair amount of time advising our American broker-dealer clients, who do business overseas, that they have to follow the rules of those countries as well. However,…
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More Unaswered/Answered Broker-Dealer Registration Questions
By Ernest Badway on
Recently, the SEC’s Division of Trading and Markets Staff issued no action relief allowing those persons and entities specializing in mergers and acquistions (“M&A Broker”) to avoid broker-dealer registration. See …
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Trading and Markets Focus on Broker Registration
By Ernest Badway on
The Securities and Exchange Commission Division of Trading and Markets is continuing to focus on broker-dealer registration issues in the private fund area.
For example, the Staff is focusing on…
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