As gatekeepers, it’s critically important that broker-dealers know their customers before effecting unregistered sales of securities. That’s the key message the SEC delivered via a ...
Long before the me-too movement, former broker-dealer Blackbook Capital fired Ahmed Gadelkareem for repeatedly “threatening and abusive interaction with female employees.” The story begins ...
That first full public meeting of SEC commissioners in years produced unanimous approval of a new proposal calling for a transaction fee pilot study that ...
The plan was to deposit large blocks of microcap stock into brokerage accounts, drive up the stock price through promotions, manipulate the stock’s price and ...
Senator Elizabeth Warren (D-Mass.) believes it’s high time for FINRA to use its authority to address unpaid arbitration awards that are costing investors hundreds of ...
At FINRA, fraud is top of mind, judging by the SRO’s 2018 annual priorities letter (BD Watch, Jan. 11, 2018). But that covers a multitude ...
FINRA is looking to move on a single streamlined rule addressing the outside business activities and private securities transactions of broker-dealers’ registered persons. The SRO ...
Protecting senior investors from speculative or unduly complex products has been a well-known priority for FINRA. But suitability issues are not the only ones that ...
FINRA is dialed in to ensuring a consistent approach to enforcement so that you know what you can expect from the SRO and then can ...
A FINRA proposal giving broker-dealers the flexibility to conduct remote inspections of “qualifying offices” is getting qualified support from your peers. Their question: Good start, ...