Home Authors Posts by Hugh Kennedy

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.
There is current uncertainty about how the securities laws apply to tokens
FINRA rules limit offering and organization expenses
The SEC has settled 15 ADR pre-release cases
The financial services industry and a watchful market determining how best to react
FINRA was lauded for its effort to protect vulnerable adults
Settlements with the SEC and CFTC aggregated more than $20 million
The exam overhaul has officially launched
Continually assessing your firm's cyber resiliency methodology recommended
Some firms have concluded wires are more trouble than they are worth
Questions that could be asked on exams included
B-D agrees to pay $1.25 million penalty
FINRA is proposing to impose new supervisory duties on firms
The dual registrant will pay a $1.5 million penalty
OCIE considers "dozens" of potential risk factors when identifying exam targets
OCIE's 2020 exam priorities include "perennial risk areas" along with some new additions
B-Ds taping procedures found to be lacking
UITs have again become a source of pain
Leissner received more than $43M in illicit payments for his role
Failure to adopt P&Ps connected to client objectives, restrictions

Copyright PEI Media

Not for publication, email or dissemination