The Securities and Exchange Commission (SEC) charged Alpine Securities Corporation, a Salt Lake City-based clearing firm, with securities law violations related to its anti-money laundering program through its alleged practice … Continue reading SEC Charges Clearing Firm with Failing to Comply With Anti-Money Laundering Laws
The SEC has approved new FINRA Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions) which is a consolidated rule governing accounts opened or established by associated persons at firms other than … Continue reading New FINRA Rule 3210 – Accounts At Other Broker-Dealers
The Financial Industry Regulatory Authority (“FINRA”) announced in Regulatory Notice 16-18 that the Securities and Exchange Commission approved the adoption of FINRA Rule 2273 (Educational Communication Related to Recruitment Practices and … Continue reading FINRA Requiring Educational Communication for Transfer Customers
The Securities and Exchange Commission announced that in fiscal year 2015, it continued to build a strong record of first-of-their-kind cases that spanned the spectrum of the securities industry. The … Continue reading SEC Enforcement Activities in Fiscal 2015 Appear Aggressive
The LeGaye Law Firm, a law firm focused on compliance and regulatory issues for the financial industry, is pleased to announce its upcoming attendance at the 2015 National Society of Compliance Professionals … Continue reading LeGaye Law Firm to Attend the 2015 NSCP National Conference
On October 6, 2015, Daniel LeGaye of The LeGaye Law Firm will be a co-speaker at the 2015 SILA National Education Conference. The panels’ topic is “Walk the Line or … Continue reading Daniel LeGaye Guest Speaker on Current Regulatory Enforcement Environment
The Office of the Ombudsman for the Financial Industry Regulatory Authority (FINRA) recently issued its 2014 Report regarding its activities. The primary mission of the Ombudsman’s Office is to provide assistance to investors, … Continue reading FINRA Ombudsman Office Releases 2014 Report
The T+2 Industry Steering Committee (T + 2 ISC) has released a white paper outlining the timeline and activities required to move to a two-day settlement cycle (T+2) in the U.S. … Continue reading T + 2 Settlement Cycle White Paper Released
Guggenheim Partners Investment Management LLC agreed to pay a $20 million penalty to settle charges brought by the Securities and Exchange Commission (SEC) that it breached its fiduciary duty by … Continue reading Guggenheim Partners Sanctioned for Failure to Disclose Conflict to Clients
Securities and Exchange Commission Chair Mary Jo White led a multi-agency event on July 15 to support the Military Consumer Protection Day 2015, highlighting how service members can best protect … Continue reading SEC Chair May Jo White Participates in Military Consumer Protection Day