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A private fund manager says he’s confident that he’ll be cleared of French insider trading charges—charges that have already pried him away from the broker-dealer ...
The impetus is growing belief B-Ds will continue to conduct business remotely
The rule would impose supervisory responsibilities on many firms for the first time
A Massachusetts broker-dealer and its top salesman will each pay $50,000 to settle SEC claims that they misled investors on their ability to execute sophisticated, ...
SRO reveals current enforcement, examination and rulemaking priorities
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
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 ...
FINRA is uniquely qualified to provide the Commission with a familiar and consolidated platform for standalone SBSEs and bank SBSEs to file the FOCUS Report
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 ...
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 ...
The SRO will take the same approach outlined in the Commission's two risk alerts
IT professionals across the financial services industry are taxed to the max
Two years after proposal, FINRA appears no closer to finalizing OBA rules
A New York Supreme Court justice has ordered the assets of a private fund and related broker-dealer frozen, after evidence revealed “a shocking level of ...
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