Tag Archives: Disclosure

PPP Loans Create Divergent Disclosure Paths for Brokers and Advisers

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 differently. Specifically, the Payroll Protection Program (PPP), which was established pursuant to Section 1106(b) of the Coronavirus Aid, Relief, and Economic Security Act (the CARES … Continue reading PPP Loans Create Divergent Disclosure Paths for Brokers and Advisers

FINRA Provides Background Investigation of Public Financial Records

FINRA is making enhancements to its  disclosure review process that will permit firms to rely on FINRA’s background investigation and verification process for purposes of compliance with the requirement to conduct a search of public records relating to bankruptcies, judgments and liens. Specifically,  FINRA will conduct a public records search within fifteen calendar days from … Continue reading FINRA Provides Background Investigation of Public Financial Records