The SEC’s Office of Compliance and Inspections (“OCIE”), recently, issued an alert—more like a shot across the bow—to BDs and RIAs regarding its concerns over activities in the industry concerning
Continue Reading SEC Readying to Hammer BDs and RIAs Over COVID19 Compliance Risks
When faced with a customer complaining through a letter or email, it is human nature to try to appease the customer with a conciliatory response or no response at all.
Continue Reading Why treating customer complaint with therapeutic neglect always fails
Most people say that New Year resolutions are only as good as the paper on which they are written. Notwithstanding that ringing endorsement, I will give it a shot.
Here
Continue Reading Ten New Year Resolutions That Will Help Your Firm
The SEC and FINRA have made it very clear that they are focused on senior customers and elder abuse. Granted, firms must be focused on the elder customers, but, at
Continue Reading Why elder issues are not just about your clients
It is bad enough that firms and publicly traded companies have to make sure that their respective IT architecture is safe and secure, but recent developments demonstrate that you have
Continue Reading What Do Insider Trading And Data Breaches Have In Common
Two years ago, the United States Supreme Court stated in an opinion that the five-year statute of limitations for the SEC to seek civil monetary sanctions began from the date
Continue Reading The SEC May Be Getting A Longer Stick
I recently blogged about the meaning of the “E” in email. For a further discussion of the dangers associated with email, you can listen to this podcast. The
Continue Reading What Does The “E” In Email Mean Redux
The U.S. Court of Appeals for the Sixth Circuit affirmed a dismissal of investors’ securities claims in the wake of a bank liquidation, but left the door open to a
Continue Reading SILENT FRAUD . . . OR OMISSIONS
A federal court held that life settlements were securities under federal and Illinois law. As such, certain sellers violated the securities laws when they lied about having done due diligence.
Continue Reading Life Settlements and Fraud
FINRA arbitrations may never be the same because FINRA recently proposed to redefine “public arbitrator” to exclude anyone from the financial industry from falling within that definition. Couple that proposal
Continue Reading Is This The End of Arbitration As We Know It