Introduction The SEC’s Division of Economic and Risk Analysis (DERA) recently released a comprehensive review of broker-dealer activity from 2010 through 2024. While the findings highlight industry-wide consolidation, shifting revenue … Continue reading SEC Report Warns Small Broker-Dealers: It’s Time to Rethink Strategies
Payroll Protection Program (PPP) Loans Recent guidelines issued by the Securities and Exchange Commission (SEC) have again shed light on the fact that broker-dealers and investment advisers address disclosure issues … Continue reading PPP Loans Create Divergent Disclosure Paths for Brokers and Advisers
In her opening remarks at the annual “SEC Speaks” conference held in Washington, D.C., the U.S. Securities and Exchange Commission (“SEC”), SEC Chairman Mary Jo White cautioned that the SEC … Continue reading Upshot of SEC’s 2016 Goals – Active Year for Regulatory Rulemaking
The Financial Industry Regulatory Authority (“FINRA”) has announced a proposed new set of rules that address the needs of FINRA member firms that are solely corporate financing firms that advise … Continue reading FINRA Proposes New Registration Category for Corporate Financing Brokers
The Financial Industry Regulatory Authority (FINRA) announced that as a result of a 2014 onsite exam, it found securities violations including various misleading sales pitches, customer account churning and other … Continue reading FINRA Cracksdown on Broker Migration
The Securities and Exchange Commission is warning brokerages to better monitor the sales of risky complex investments to their retail clients. In a recently issued National Exam Program Risk Alert, … Continue reading SEC to Broker-Dealers: Better Supervise Sales of Risky Products
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 … Continue reading Broker-Dealer & Investment Adviser Renewal Update for 2014
National Society of Compliance Professionals Panel Information Date: Thursday, March 11, 2013 Time: 10:15am – 11:30am Where: Alston + Bird LLP, Atlantic Center Plaza, 1180 West Peachtree St., Atlanta Ga … Continue reading 2013 NSCP Southern Regional Meeting – Atlanta
The SEC has recently issued a No-Action Letter that extends the ability for a broker-dealer to treat an investment adviser as if it were subject to an Anti-Money Laundering Program (AML … Continue reading SEC Extends Broker-Dealer Reliance on CIPs of Investment Advisers
As the financial services industry has evolved, the supervision of registered persons that are dually registered or affiliated, either with another broker-dealer, an investment adviser or other financial services firm … Continue reading White Paper – Dual Registration and FINRA Supervision