The SEC and FINRA issued new broker-dealer branch inspection guidelines to securities firms so as to improve their supervision systems.
In particular, the SEC and FINRA have advised broker-dealers to
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SEC Rules on Reverse Merger Companies
By Fox Rothschild on
Responding to numerous complaints, especially, regarding companies operating from the People’s Republic of China, the SEC has determined that it will tighten the listing requirements for companies involved in reverse…
Investment Advisors and Broker-Dealers Use of Social Media – Beware!!
By Fox Rothschild on
Although the use of social media has been embraced by many industries, it is of particular concern for investment advisors and broker-dealers.
In many situations, the use of these outlets…
Continue Reading Investment Advisors and Broker-Dealers Use of Social Media – Beware!!
New Play for Economics in SEC Rule Making
By Fox Rothschild on
The SEC Chief Economist, recently, suggested that the SEC include more economic cost-benefit analyses when considering new rules.
These comments were the result of recent United States Court of Appeals…
FINRA Ramped It Up In 2011
By Joshua Horn on
FINRA recently provided its statistical results and highlights for 2011. Among the more significant items that FINRA noted, FINRA has brought, to date, 1,411 enforcement actions and levied fines totaling more than…