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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.
Morgan Stanley will pay $7.5 million to settle SEC charges that it used trades involving customer cash to lower the firm’s borrowing costs in violation ...
Despite “repeatedly” receiving compliance inquiries from multiple brokerage firms concerning potentially manipulative trades, two traders managed to allegedly reap more than $26 million in profits ...
Along with everyone else in the financial services industry, FINRA has clearly been reading the stories detailing the Wells Fargo’s sales scandal (BD Watch, Nov. ...
The parade to the exits continues for high level securities regulators. The latest to announce his departure by “early next year” is FINRA’s Chief of ...
We are just over a month removed from seeing FINRA’s 2017 exam priorities, even while a holdover from the SRO’s 2015 exam priorities letter lingers—a ...
Merrill Lynch will pony up just over $7 million for inadequately supervising its customers’ use of leverage in their brokerage accounts. FINRA fined the firm ...
The SEC will be able to continue to tap the collective insight of a variety of financial services industry pros on equity market structure issues ...
Not timely reporting more than 365 required filings over a span of several years and, on average, making these filings over four years late is ...
Another key player at the SEC will be heading out the door in the New Year. It was announced Nov. 21 that Stephen Luparello, who ...
The SEC has brought its first-ever enforcement action resulting from the Commission’s Asia hiring referral sweep. JPMorgan Chase & Co. will have to pay over ...
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