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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.
Firm overstated projected yield and projected annual income for nine money market funds on 8.5 million account statements
The number of brokerage firms has declined 7% over the past five years
FINRA seeks input on SRO's rules, operations and processes that most directly apply to capital raising
First ever Reg BI-related expulsion calls out disclosure obligation requirements
Nearly a half-dozen FINRA enforcement actions tied to Form CRS signal SRO's emphasis on the disclosure form
'Pervasive and longstanding use of off-channel communications' costs two broker-dealers over $70M as recordkeeping initiative continues
Latest enforcement actions are a testament to the value of self-reporting and remediation measures taken
In light of recent exams and disciplinary actions, FINRA has identified areas in which broker-dealers' investigations into private placements could be strengthened
Come June 1, FINRA's BrokerCheck will reveal whether a broker-dealer is designated a "restricted firm" under rules 4111 and 9561
Equity-market based schemes, crypto-based fraud, rep impersonation all on the rise

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