Cybersecurity: What the Regulators May Do
Cybersecurity is going to be “a ‘hot’ regulatory issue for the foreseeable future,” according to the law firm Sutherland.
Taxing Matters for the New Year
Two lawmakers struck a two-year budget deal in mid-December, just days shy of the budget conference committee’s Dec. 13 deadline to find a way to keep the government running beyond the expiration of the current continuing resolution (CR) on Jan. 15.
CCOs Under Fire: When Enforcers Get Burned by Regulators
While chief compliance officers are on the frontlines of catching wrongdoing, they can also become targets of regulators for their own misdeeds.
What ‘The Social Network’ Can Teach Advisors About Avoiding Enforcement Actions
Online communications make advisors vulnerable to compliance slip-ups, two attorneys warn, using quotes from the film "The Social Network" to illustrate their points.
Compliance Officers Behaving Badly
The law firm Sutherland found a bevy of violations during its annual look at SEC and FINRA disciplinary actions on chief compliance officers and in-house counsel for BDs and advisory firms.
FINRA Launches Conflict-of-Interest Sweep of BDs
FINRA says the sweep is just a way to “better understand” BDs' practices, but lawyers with BD clients suggest enforcement actions may be brewing.
Broker Suitability Rule Takes Effect
A new FINRA rule on suitability of recommendations by brokerages and brokers to customers—and to prospective customers—took effect on July 9, and with it come a number of issues of which firms and advisors alike need to be aware.
Brokers, Get Ready: Suitability Rule Set to Take Effect
Firms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.
SEC’s Gallagher: Supervisor Definition Remains ‘Disturbingly Murky’
SEC Commissioner Daniel Gallagher signaled that he’d like the securities regulator to develop “clearer guidance” on the issue.
Former SEC Compliance Chief, State Securities Regulator Hit Compliance Hot Buttons
At the FSI OneVoice 2012 conference in Orlando, a panel including John Cronin, securities director for the state of Vermont, and former SEC official John Walsh, focus on the recently announced joint SEC-FINRA effort to examine BD branches.