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
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Broker-Dealer Regulation
FINRA Is Sanctioning What
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…
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So I Guess It Is All About The Seniors
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…
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What Should You Take Away From The SEC’s Investor Bulletin
The SEC recently published its latest investor bulletin. The SEC publishes these from time to time to bring awareness to the investing public on certain issues.
The current bulletin notes…
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SEC Proposes to Increase Municipal Securities Disclosures
Last week, the Securities and Exchange Commission proposed Rule Amendments to Improve Municipal Securities Disclosures. According to the SEC, these rule amendments are intended to “improve investor protection and…
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FINRA, A/K/A the Fine Machine
According to a recent report of the Eversheds Sutherland firm, 2016 was a banner year for FINRA-assessed fines. FINRA collected a record $176 million in 2016. So what gives?
The…
Trump Sets Plan In Motion To Dismantle Dodd-Frank
According to Bloomberg, Trump plans to order a review of Dodd-Frank, with an eye to significantly scale back the regulations. Trump also plans to do away with the “fiduciary…
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One Man’s Rogue Broker Is Another Man’s Treasure
Like it has in the past, FINRA is sharply focused on examining brokers with a disciplinary past, including the identification and examination of such brokers being placed at the top…
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So Who Wants Senior Clients
In its never-ending effort to thwart senior investor fraud, FINRA recently proposed a new rule to the SEC. This proposal would require member firms to obtain the name of a…
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When just saying “no” is a good thing
In the hectic world of financial services, registered representatives and investment adviser representatives are always looking to increase their assets under management. At what cost? Are there situations where you…
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