Here is our updated “Who Does What…. ” publication. Ernest E. Badway – Who Does What: Broker Dealers | Registered Investment Advisers | Commodities/Futures Entities – Updated 2023 (foxrothschild.com)
Continue Reading Updated 2023– Who Does What: Broker Dealers | Registered Investment Advisers | Commodities/Futures EntitiesFINRA Compliance
FINRA’s New Guidance Report… the Name Did Not Change To Protect the Innocent
In what has become a yearly occurrence, FINRA has notified its member firms about its intent regarding the member firms’ compliance programs. See https://www.finra.org/rules-guidance/guidance/reports/2021-finras-examination-and-risk-monitoring-program.
This year, FINRA combined its Report…
Continue Reading FINRA’s New Guidance Report… the Name Did Not Change To Protect the Innocent
Securities Regulators Will Be Conducting Exams on BCPs
Last month, we discussed business continuity plans and how important they were to firms. Further, my partner, Josh Horn, and I, recently, conducted a webinar for the NSCP on this…
Continue Reading Securities Regulators Will Be Conducting Exams on BCPs
Coronavirus Reaches Pandemic Status: You Better Pull Out the Old Business Continuity Plan
Let’s be honest, the only people usually concerned about business continuity plans (“BCP”) are compliance folks and the lawyers. In fact, many probably have not looked at their BCP since…
Continue Reading Coronavirus Reaches Pandemic Status: You Better Pull Out the Old Business Continuity Plan
FINRA Maybe Making It Easier for Examiners to Deliver Hurt to Member Firms
FINRA maybe in the process of allowing its examiners to punish member firms for rules’ infractions. See https://www.law360.com/assetmanagement/articles/1143015/finra-wants-to-let-examiners-lower-the-boom-on-brokers?nl_pk=5882ca7d-b76e-42a1-a1fe-eb96fcbcf60f&utm_source=newsletter&utm_medium=email&utm_campaign=assetmanagement. There is no proposed rule as of today. However, such a rule…
Continue Reading FINRA Maybe Making It Easier for Examiners to Deliver Hurt to Member Firms
Federal Court’s Remand and Rejection of ‘Inscrutable’ FINRA Award Has Broad Implications
FINRA litigants and arbitrators alike should take note of a federal court’s decision rejecting an unexplained FINRA award when it was unable to discern its basis, notwithstanding that FINRA rules…
Continue Reading Federal Court’s Remand and Rejection of ‘Inscrutable’ FINRA Award Has Broad Implications
Josh Horn to Speak at NSCP National Conference
Acknowledging the self-promotion aspect of this blog, we wanted to invite you to attend Josh Horn’s seminar at the NSCP National Conference in Atlanta. Josh’s presentation is on Monday, October …
Continue Reading Josh Horn to Speak at NSCP National Conference
FINRA Discusses How FINRA Rules Are Made and Reviewed
In a very interesting webcast, the FINRA staff discusses how FINRA rules are made and reviewed. See http://www.finra.org/industry/podcasts/how-finra-rules-get-made-and-reviewed. Although it will not reach the level of Schoolhouse Rock (as the…
Continue Reading FINRA Discusses How FINRA Rules Are Made and Reviewed
Changes to CRD Coming Soon
FINRA, recently, announced a major overhaul of its Central Registration Depository (“CRD”). The first step will be a new WebCRD interface, effective June 30, 2018. More changes will come over…
Continue Reading Changes to CRD Coming Soon
FINRA’s Further Guidance On Seniors
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…
Continue Reading FINRA’s Further Guidance On Seniors