Securities Exchange Act rules 17a-3 and 17a-4 speak to the books and records retention requirements for broker-dealers. Rule 17a-3 defines the records that must be ...
FINRA and the SEC have long been interested in the supervision of branch offices and that interest is now even more heightened. In its 2015 ...
FINRA rule 4370 (the “emergency preparedness rule) requires broker-dealers to create and maintain written business continuity plans relating to an emergency or significant business disruption. ...
Conflicts of interest are an SEC and FINRA priority and have been addressed through rulemaking, oversight and enforcement action, FINRA notes. The regulator has stated ...
Cybersecurity currently is a top priority for the SEC’s and FINRA’s examination staffs. An initial “Phase 1” cybersecurity sweep of 49 investment advisers and 57 ...
Broker-dealers are subject to examination by the SEC and the SROs. At present, the SEC and FINRA are managing to examine 50% of the approximately ...
There is no doubting that securities regulators are squarely focused on the issue of insider trading. The numbers don’t lie: in the past 5 years ...
FINRA rule 2111 addresses broker-dealer requirements when it comes to suitability. The SRO notes that the rule requires a firm or associated person to “have ...
FINRA is on record in stating that a broker-dealer’s systems of supervision, risk management and controls are essential safeguards to protect and reinforce a firm’s ...
Upcoming FINRA Board of Governors Election Petitions for Candidacy Due: June 11, ...