Hugh Kennedy
New York-based firm was charged by the SEC for not adequately disclosing pre-IPO discussions with a potential acquisition target
SEC Chairman welcomes the coming change to the "market plumbing" of clearance and settlement
Broker-dealer didn't regularly review, assess, or update keywords used by the firm to flag e-mails for review
A FINRA review of more than 500 crypto-asset related retail communications identified "potential violations" in 70% of the communications
Cryptocurrency has found its way onto both the SEC's and FINRA's list of 2024 focus areas
The SEC warned that investors "must be free to report complaints to the SEC without any interference"
SEC Chairman Gary Gensler has said TCRs are essential to the Commission's "work as a cop on the beat"
Firms are falling short of the mark in establishing, maintaining, and enforcing a supervisory system tied to OBAs
Topics flagged as "new for 2024" include crypto, OTC quotations in fixed income securities, advertised volume and the market access rule
FINRA is actively conducting risk-based reviews of firms' practices tied to off-channel communications