The SEC Division of Investment Management determined that a solictor may receive a fee for the soliciation of clients for registered investment advisers notwithstanding a Commission administrative order against her.
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No-Action Relief
M&A BROKER RELIEF FROM REGISTRATION
By Fox Rothschild 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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SEC Grants Capital Relief to Owners
By Fox Rothschild on
In an interesting no-action letter presented by FINRA, the SEC staff granted relief in that where FINRA saw multiple class ownerships where some of these classes indicate almost a relationship…
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What Brokers Need to Know About Receiving Cash Fees
By Fox Rothschild on
The SEC’s Division of Investment Management allowed a sanctioned broker-dealer official to be paid a cash solicitation fee from a RIA. See J.P. Turner & Co. LLC, SEC No-Action Letter, avail. 9/10/12…
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