Over the last several months, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has been conducting a “sweep examination” of over 70 broker-dealers and investment advisers to assess
Continue Reading Cybersecurity Insights from the SEC
FINRA is ever-increasing its focus on rogue brokers. For the latest on this issue, check out this recent post.
Continue Reading Rogue Brokers Beware
FINRA has recently issued a notice to members regarding to the enhancement of confirmation disclosures. Here is a link to that notice.
Continue Reading FINRA Notice to Members; Enhanced Confirmation Disclosures
The CEO of FINRA recently announced that FINRA plans to provide firms with additional resources to deal with recidivist brokers. So what does this mean?
For years, FINRA’s exam priorities
Continue Reading The Tale of the Recidivist Broker
FINRA has rulemaking authority. Nevertheless, the trend would appear to be that FINRA is making its rules through the enforcement process. Read this blog for insightful thoughts on this issue.
Continue Reading Rulemaking Through Enforcement; What’s Next?
FINRA is currently reviewing its rules regarding outside business activities and private securities transactions. From time to time, FINRA reviews its rules and application of those rules to see if
Continue Reading What Are You Doing About Outside Business Disclosures?
One certainty in the brokerage world is that registered representatives often switch from one member firm to another. There is nothing wrong with the switch, but there is a
The SEC recently announced that it charged a former broker with knowingly or recklessly trading unsuitable investment products for five customers and taking $170,000 for one of those customers. These
Continue Reading You Better Watch Your Suitability Determinations
In Notice to Members 17-13, FINRA announced changes to its sanction guidelines. In other words, FINRA has listed its new top hits that it is pursuing. Two items bear
Continue Reading FINRA Is Sanctioning What
Contrary to what the title may suggest, I am not referring to students who are about to graduate from high school or college. Instead, this post is about that group
Continue Reading So I Guess It Is All About The Seniors