All posts by Debra Schaps

FINRA Offers Compliance Vendor Directory

Legal Alerts,

The Financial Industry Regulatory Authority (FINRA) has issued a Compliance Vendor Directory for its members as a new resource for firms searching for vendors that offer compliance-related products and services.  The directory includes nine vendor categories: Compliance Consulting, Cybersecurity, Data Management, Email & Social Media Archive, Exam Prep & Firm CE, Insurance Brokers, Monitoring, PCAOB-Registered … Continue reading FINRA Offers Compliance Vendor Directory →

SEC Reduces Form U5 Wait Period to 3 Days on BrokerCheck

Compliance Notice, Legal Alerts, ,

The Securities and Exchange Commission has approved a change to FINRA Rule 8312 (FINRA BrokerCheck Disclosure) which will reduce the waiting period from 15 days to three business days for the release of certain information reported on the Form U5 (Uniform Termination Notice for Securities Industry Registration) through BrokerCheck. Beginning on December 12, 2015, the … Continue reading SEC Reduces Form U5 Wait Period to 3 Days on BrokerCheck →

2015 SILA National Education Conference

Presentations, ,

On October 6, 2015, Daniel LeGaye of The LeGaye Law Firm was a co-speaker at the 2015 SILA National Education Conference, which was held at the Gaylord Opryland Resort & Convention Center in Nashville, TN.  The panels’ topic was “Walk the Line or Face Enforcement” and the presentation was meant to provide insight into the current regulatory … Continue reading 2015 SILA National Education Conference →

Registration Update: 2016 Broker-Dealer & Investment Adviser Renewal

Compliance Notice

FINRA Renewals FINRA has posted the online Preliminary Renewal Statements on Web CRD and Web IARD, which commenced the 2016 renewal season for broker-dealers and investment advisers. The FINRA Renewal Calendar is as follows: November 16, 2015 – Preliminary Renewal Statements are available on Web CRD/IARD. December 18, 2015- Full payment of Preliminary Renewal Statements … Continue reading Registration Update: 2016 Broker-Dealer & Investment Adviser Renewal →

Online Delivery of the FINRA Regulatory Element of Continuing Education Approved

Legal Alerts, ,

 The SEC  has approved amendments to FINRA Rule 1250 (Continuing Education Requirements) to provide for a Web-based delivery method for completing the Regulatory Element of the Continuing Education (CE) requirements. The CE requirements under FINRA Rule 1250 include a Regulatory Element and a Firm Element.  The Regulatory Element applies to registered persons and consists of periodic computer-based training on … Continue reading Online Delivery of the FINRA Regulatory Element of Continuing Education Approved →

FINRA Launches 2015 Risk Control Assessment

Compliance Notice,

The LeGaye Law Firm wants to advise you that FINRA launched the 2015 Risk Control Assessment (RCA) survey on June 22.  Each firm’s executive representative received an email linking to their firm’s unique RCA survey. FINRA has requested that the survey be completed by Friday, July 17, 2015. If you are a retainer client of … Continue reading FINRA Launches 2015 Risk Control Assessment →

Colorado – New Email Rules Effective June 1, 2015

Compliance Notice, Legal Alerts, ,

The LeGaye Law Firm wants to advise you that the Colorado Department of Regulatory Agencies has recently passed a new rules Rules 51-4.3(K) and 51-4.4(IA)(I), which requires all broker-dealer and investment adviser agents who are currently registered to do business in the State of Colorado to register their current business e-mail address with the Commissioner … Continue reading Colorado – New Email Rules Effective June 1, 2015 →

Broker-Dealer & Investment Adviser Renewal Update for 2014

Legal Alerts, ,

2014 Renewal Calendar On November 11, 2013, FINRA posted the online Preliminary Renewal Statements on Web CRD and Web IARD, which commenced the 2014 renewal season for broker-dealers and investment advisers. The FINRA renewal calendar is as follows: November 11, 2013    Preliminary Renewal Statements available on Web CRD/IARD. December 13, 2013    Full payment of Preliminary … Continue reading Broker-Dealer & Investment Adviser Renewal Update for 2014 →