California Has Legalized Payment of Finder’s Fees For Securities Offerings
Effective January 1, 2016, California has adopted a sweeping change to its laws on payment of finder’s fees to unregistered…
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Defining Personal Benefits: Supreme Court to Revisit Insider Trading Standards after 33 Years
“The distinction between pure altruism and self-interest has puzzled philosophers for centuries; there is no reason to believe that courts…
Read MoreSix Tips for Financial Health in 2016
The Financial Industry Regulatory Authority (FINRA) recently published a list of six tips to help investors start 2016 on solid…
Read MoreFINRA Expungement Update – Expungement Denied in Recent Case
A recent FINRA arbitration Award highlights how the new FINRA expungement rules cannot be circumvented […]
Read MoreFormer JP Morgan Broker Barred from Industry
As one of its final acts of 2015, FINRA barred former JP Morgan representative […]
Read MoreIt’s the Culture, Stupid: Additional Observations on Finra’s 2016 BD Guidance
As we posted last week, FINRA has just published its 11th annual Regulatory and Examination Priorities Letter addressing emerging and…
Read MoreFINRA Regulation to Scrutinize Firm Cultures in 2016
The Financial Industry Regulatory Authority (“FINRA”) announced this week it will more formally scrutinize how brokerage firm’s culture affects compliance…
Read MoreWells Fargo Adviser Charged in $13 Million “Pump and Dump” Scheme
The Securities and Exchange Commission (“SEC”) charged Wells Fargo adviser Donald Toomer with helping a client operate a $13 million…
Read MoreJ.P. Morgan Misled Clients On Broker Compensation
J.P. Morgan Securities agreed to pay $4 million to settle charges by the SEC that it mislead clients about how…
Read MoreCantor Fitzgerald to Pay $7.3 Million for Selling Unregistered Stock
The Financial Industry Regulatory Authority FINRA ordered investment bank Cantor Fitzgerald & Co. to pay $7.3 million in sanctions for…
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