Analysis of cutting-edge securities industry issues
On July 9, FINRA Rule 2111 took effect, but it has lead some to question whether this suitability rule is simply “fiduciary duty light”. In other words, a placeholder until the…
Continue Reading The Suitability Rule Is Live, But The Fiduciary Duty Debate Rages On
FINRA recently commented on its enforcement actions and fines over 2011. If anything, the statistics show that broker-dealers are on notice of two things: (1) FINRA is aggressively pursuing enforcement actions…
Continue Reading FINRA Enforcement and Fines Are Up — Now What
We wanted to make everyone aware of a great resource published by Fox Rothschild’s Securities Industry and Labor & Employment practice groups. It is called the National Survey on Restrictive…
A year ago, the SEC published its study commissioned under Dodd-Frank and recommended the implementation of a uniform fiduciary duty standard. Much debate has prevailed since that announcement. Will registered…
Continue Reading Registered Representatives; No “Fiduciary” Duty For Now
If you had asked me yesterday whether there were a lot of securities lawsuits last year, I would have said, “Oh, absolutely.” And I would have been absolutely wrong. Lawsuits were…
Continue Reading Slow IPO Market Means Fewer Securities Lawsuits
In law, America tends to follow in the footsteps of its older sister, Britain. Sure, sure, we went our own way with that little Constitution thing back in the…
Continue Reading If England Attacks Executives’ Cheques, are US Execs’ Checks Next?
For anyone reading this post, you appreciate the value of social media. It looks as though FINRA is finally prepared to do so as well.
FINRA recently proposed changes to…
Continue Reading FINRA And Social Media, Is Its Latest Proposal Anything To Blog About
