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"
BNPP was aware of red flags that indicated that the Hedge Fund might not be able to deliver sufficient shares
Based on this consultant’s findings and recommendations, SGAS implemented new controls and procedures over its EBS reporting process intended to ensure the completeness and accuracy ...
SRO reveals current enforcement, examination and rulemaking priorities
The SEC has filed a lawsuit against a long-time broker-dealer, alleging that he pilfered nearly $1 million from elder clients—one of them a World War ...
Spending on projects that are not directly related to compliance with the new rules may be worth putting off
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 ...
FINRA’s overarching take is that broker-dealers must supervise reps’ live meetings with customers via video “in a manner reasonably designed to achieve compliance with applicable ...
Moloney’s case shows once again how seriously the SRO takes suitability cases involving senior investors
The SEC issues a slight correction of its swap recordkeeping rule for B-Ds
FINRA addresses question of Reg BI 'material change'
Scams centering on account openings, firm imposters, IT help desks and e-mail
'Reasonable efforts' to verify the information should occur no later than June 30
FINRA and the other SROs are now on the clock to publish their plans for the looming consolidated audit trail requirements after a divided Commission ...
There is no ability for the customer to access the FDIC insured bank sweep account directly and/or without going through the broker-dealer
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