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Hugh Kennedy

Hugh has 35 years of expertise in the financial services industry, with publishing and legal research experience spanning the public company, investment adviser, broker-dealer, credit union and banking industries. As a senior-level manager, award-winning writer and conference speaker, he has covered key issues stemming from the Securities and Exchange Commission, Commodity Futures Trading Commission, Department of Labor, Public Company Accounting Oversight Board, NCUA, banking agencies, Capitol Hill, NASAA and other regulators. He has developed and created a number of new publications, online databases and value-added portals serving the needs of financial industry professionals.

FAQs cover crypto, B-D custody and capital rules

Broker-Dealers
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Ten questions and answers tackle broker-dealer financial reponsibility and transfer agents

Statement on B-D custody of digital assets withdrawn

Broker-Dealers
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A jount 2019 SEC/FINRA statement aimed at the perceived enhanced risks of custodying digital asset securities has been withdrawn effective immediately

Complaint reporting deemed deficient

Broker-Dealers
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Broker-dealer self-reported its failure to submit to FINRA accurate statistical and summary information regarding written customer complaints

Navigating third-party risk a top challenge

Broker-Dealers
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Third-party risk was the single most clicked on topic in the 2025 FINTA Annual Regulatory Oversight Report

A need for ‘current and accurate’ vendor info

Broker-Dealers
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FINRA is looking for the sharing of up-to-date information related to firms critical third-party vendors

Off-channel settlements trigger extra consequences

Broker-Dealers
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Denial of petition leads FINRA to consult with the SEC to modify the collateral consequences that came with pre-2025 OCC settlements

Four crypto reg principles offered

Investment Advisers
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SIFMA comment letter focuses primarily on securities status; custody; and tokenization

IAA recommends regulatory changes for SEC

Investment Advisers
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The IAA urges new SEC chairman to deploy a flexible, principles-based approach to regulations

Misinformation about OBA proposal flagged

Broker-Dealers
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FINRA makes it clear that the proposed OBA rule contains no new reporting and approval requirements

Commissioners contemplate crypto custody

Investment Advisers
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SEC Chair pledges that market participants engaging with blockchain technology deserve clear regulatory rules
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