New SEC/FINRA alert on Broker-Dealer Branch Inspections and Broker Supervision
On November 30, 2011, the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a Regulatory Risk…
Read MoreMonth: November 2011
Don’t Fall Victim To Affinity Fraud; If It Sounds Too Good To Be True, It Probably Is
It’s one of the oldest tricks in the book, and new clients routinely contact our firm after falling victim to…
Read MoreFINRA Sanctions 8 Firms for Due Diligence Failure in Private Placements
The Financial Industry Regulatory Authority (FINRA), the self-regulated organization responsible for overseeing brokers and broker-dealers, has sanctioned eight firms and…
Read MoreFederal Court Decision – Judge Rejects Citi’s Settlement with SEC
In a recent court decision, New York Federal Judge Jed Rakoff denied a motion to approve a settlement between Citigroup…
Read MoreBeware Private Placements; Risky Investments for Most
November 26, 2011. We see more and more private placements being sold to unsuspecting investors, most of whom have little…
Read MoreThe Effect of California’s Expungement Rules on Registered Representatives and Investment Advisers
Registered representatives, investment advisers and others employed in the securities industry are required to disclose certain prior criminal convictions, including…
Read MoreWhat Are Up-Front, Forgivable Loans?
Up-front, forgivable notes have been used by brokerage firms for many years as a way to entice high producing brokers…
Read MoreJP Morgan Chase Clients Sold Unsuitable Investments
November 15, 2011. Unsuitable investments continue to be sold to unsuspecting clients of major brokerage firms. On November 15, 2011…
Read MoreObama signs patent bill, sees boost for innovators
Obama signs new bill to quicken patent application process and curb frivolous patent lawsuits: http://www.reuters.com/article/2011/09/16/us-patent-obama-idUSTRE78F4FY20110916?feedType=RSS&feedName=smallBusinessNews&rpc=43
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