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.
Issue tied to breaches of limitations on an IC's ownership interests in another
he new procedures will be effective nine months from their publication
The rule would impose supervisory responsibilities on many firms for the first time
SG Americas will pay a $3.1M fine for inaccurate blue sheets
New order updates filing threshold for first time in nearly 30 years
The B-D violated the provision prohibiting lending shares to settle sale orders marked "long"
SRO reveals current enforcement, examination and rulemaking priorities
The relief has now been extended to "at least" Dec. 31
Currently serves as SEC senior counsel
In an 8-1 decision, the Supreme Court on June 22 held that, in an SEC enforcement action, a disgorgement that does not exceed a wrongdoer’s ...
FINRA would like to see firms consider the practices identified
The firm's compliance department knew it had monitoring issues
The SRO issued $39.5M in fines to B-Ds last year
A routine FINRA cycle exam uncovered the issues
Senior investor issues have been a FINRA exam priority in every one of the SRO’s annual priorities letters since 2014. Its Risk Monitoring and Examination ...
Failures resulted in $1M penalty for Ares Management
TSP Capital will pay a $60K penalty under settlement agreement
FINRA addresses question of Reg BI 'material change'
SEC monitoring the IA and IC space for failures that could suggest underlying problems
The SEC was clear in detailing what was lacking from a disclosure standpoint
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