HAPPY NEW YEAR

Happy New Year. I know it is a new year because FINRA has issued its Regulatory and Examination Priorities Letter. As with every yearly letter, it mostly covers the topics from the prior year. This year Operational and Financial Risks are clearly going to be a focus of examinations. Not surprising in the Sales Practice Section […]

New Look and Feel

As I open my new law office I decided it was time to relaunch my Blog/Website. So as of today I have a new look on my Blog. Come back as I write not only about broker-dealers, investment advisors and other financial institutions, but also about the practice of law for those entities. Also you […]

This New Regulatory Era

We are in the fourth full day of the administration of the 45th President. During the campaign he made a lot of promises. One was to reduce regulation. There were not a lot of specifics, but his nominations for cabinet positions would indicate that regulatory reduction is on the way. How is the reduction in […]

SEC Continues Enforcement Against PE Funds

The SEC has announced another enforcement action against a PE fund adviser.  Four affiliated fund advisers of Apollo Global Management have agreed to settle an enforcement action for $52.7 million. The charges were misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds. […]