As it does every year FINRA has published its Regulatory and Examination Priorities Letter. This year it is focused on three broad issues: Culture, Conflict of Interest and Ethics Supervision, Risk Management and Control Liquidity FINRA and its predecessor entities have always talked about “firm culture”. But this year they have given it a definition: […]
Please follow this link for a Client Alert I wrote dealing with the JOBS Act and Research.
I have started a new Blog devoted to the developing crowdfunding industry. With the passage of the JOBS Act this once controversial concept has become a reality. Please add Crowdfunding LawBlog to your follow list. I will continue to focus on broker-dealers, investment advisers and funds on this blog.
If you are the Chief Compliance Officer for a broker-dealer and a registered investment advisor keep reading. During 2011, one within the last month, the SEC has taken action against two dually registered broker dealer/investment advisers for failure to have adequate written supervisory policies and procedures, compliance manuals and code of ethics for the advisory […]
This headline flashed across my computer screen a few days ago in an e-mail. SEC orders FINRA to improve compliance policies and procedures The SEC order arises from a whistleblower complaint. Prior to submitting records to the SEC, the regional director of the FINRA Kansas City office had minutes of the district office staff […]