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
U.S. Financial Industry Regulatory Authority (FINRA)
What Does FINRA Rule 3270 Mean To You
The outside business activities of registered persons have the potential for causing your firm significant liability, especially where those activities are unknown to the firm, involve firm customers and constitute…
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Who Wants To Know What FINRA Has Planned For Your CRD?
The Financial Industry Regulatory Authority (FINRA) recently announced that it expects to send a proposal to the SEC to make it easier for registered representatives to clear their record of…
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What Broker-Dealers Need To Know About FINRA
Recently, FINRA publicized penalties against three companies and associated individuals for failing to implement adequate anti-money laundering procedures. These fines should serve as a warning to the industry as a…
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So What Do You Need To Do With BrokerCheck
While many brokers breathed a sigh of relief when FINRA withdrew its proposal requiring members to include a “prominent description of and link to” BrokerCheck on their websites and social…
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Did You Know That Some Of Your Products Require Heightened Supervision
In a recent speech, FINRA CEO, Richard Ketchum, told broker-dealer compliance officers that, although firm compliance programs have improved, there must be heightened supervision when it comes to complex products. …
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Is This The Beginning Of The End To Arbitrations
This past week, members of the North American Securities Administrators Association lobbied Congress to do away with mandatory arbitration provisions from customer agreements. In a speech before this group, SEC…
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Who Wants To Know About Enhanced FINRA Discipline
A recent study by the Sutherland Asbill law firm revealed that FINRA brought 4% more disciplinary cases in 2012 as compared to 2011. In doing so, FINRA jacked up its…
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FINRA Steps Up for Those Member Firms Affected by Hurricane Sandy
Last week, FINRA issued FINRA RN 12-45 laying out several items members should consider in the aftermath of Hurricane Sandy.
For example, FINRA suggested that member firms provide office space to those…
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Fox’s Gerry Norton Quoted in NJBiz
Our partner, Gerry Norton, Chair of Fox Rothschild’s IP department, was recently quoted in NJBiz. Gerry’s comments on this critical IP legal development are most insightful. See http://www.njbiz.com/article/20120816/NJBIZ01/120819888/-1/enews_dailyT2.Continue Reading Fox’s Gerry Norton Quoted in NJBiz