Hugh Kennedy
The FAQs address the adoption of the 80% investment policy, tax-exempt funds, and specific terms commonly used in fund names
Three broker-dealers avoided the imposition of fines in mutual fund fee waiver cases due to their cooperation
In part, the proposed amendments are aimed at improving the regulation of underwriting compensation
FINRA charged firm with failing to detect customers with cash accounts who engaged in free-riding in options and issued options
Broker-dealer received underwriting compensation that was "unreasonably and inaccurately described in the offering documents an to FINRA"
A failure to preserve 14,000 records led to a $30,000 FINRA fine
SEC settlement highlighted compliance review failures, the CCO's communications with a rep, and the ultimate resolution
The release covers an assessment of risks, details on the scoping of municipal advisor exams, and the requesting of exam documents
Alerts addressed municipal advisors, investment companies, broker-dealers, marketing rule compliance, shortening the settlement cycle and security-based swap dealers
The Commission adopted amendments requiring the electronic filing, submission, or posting of certain forms, filings, and other submissions