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Sherlock Holmes famously solved a case by listening for a dog that didn’t bark. Since the early days of the coronavirus crisis, a deafening silence ...
The coronavirus crisis caught almost everyone off guard. But now, two months into lockdown, and no date certain on when we’ll get back to “normal,” ...
Firm made misrepresentations about how it handled certain trade orders
Large size broker-dealers will be allowed to comply with Consolidated Audit Trail requirements over a new, phased timeline, and small-to-medium sized firms that had been ...
Digital advisors and broker-dealers sprung up as a way to simplify the lives of ordinary investors. Now those companies that famously disrupted the financial services ...
Results positive from FINRA review of firms' senior investor protection programs
The helpline has aided in the return of $7 million to senior investors
The e-mails are made to appear as if they come from senior FINRA staff
The SEC on April 24 announced that it had formed a 12-member committee that will monitor precarious markets as the coronavirus crisis continues its horrible ...
The prohibition would not extend to a B-D that is also a state-registered investment adviser
Sideletter
Broker-dealers and dual registrants hoping to get right with the pending Reg BI deadline should put together a “conflicts inventory” and focus training on the ...
SRO reviewed B-Ds ongoing efforts and challenges with Reg BI
The SRO will take the same approach outlined in the Commission's two risk alerts
SEC regulators will examine for “good faith” efforts to comply with the Commission’s new Reg BI rule, OCIE says in a new risk alert. Chairman ...
Crooks are like the virus—once they attach to you, it’s hard to get rid of them. Unlike the coronavirus, they’re not going to kill you, ...
Forms U4/U5 and continuing ed are the latest focus items
Submissions contained missing or inaccurate data for nearly five years
Attorneys General of 21 states are urging the Trump Administration to freeze all rulemaking and focus on the COVID-19 pandemic. In a letter to Russel ...
Broker-dealers who advance their customers cash from sweep accounts won’t have the outlay count against their net assets while they wait for banks to make ...
Clayton mentioned upcoming OCIE risk alerts related to examining for these new regulatory responsibilities
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