Broker-Dealers

'Pervasive and longstanding use of off-channel communications' costs two broker-dealers over $70M as recordkeeping initiative continues

Latest enforcement actions are a testament to the value of self-reporting and remediation measures taken

In light of recent exams and disciplinary actions, FINRA has identified areas in which broker-dealers' investigations into private placements could be strengthened

SCUSA contacted the Division of Enforcement upon uncovering off-channel communications potentially related to the business of its broker-dealer

Come June 1, FINRA's BrokerCheck will reveal whether a broker-dealer is designated a "restricted firm" under rules 4111 and 9561

The SEC extended the comment period to June 13, 2023

Equity-market based schemes, crypto-based fraud, rep impersonation all on the rise

FINRA enforcement action demonstrates need for independent AML testing and proper identification of who is conducting the testing

Concerns expressed by both compliance and trading desk about a new account opening fell on deaf ears

The proposed expansion would add the following entities to the definition of ‘‘SCI entity’’: registered security-based swap data repositories; registered broker-dealers exceeding an asset ...