FINRA Signals Possible Overhaul of Its Arbitration System
FINRA has begun a broad review of the rules governing its arbitration forum. In Regulatory Notice 26-06 (“RN26-06”), FINRA requested…
Read MoreAuthor: shufirmdev
California’s SB 574: The First California AI Rules for Lawyers
California is close to putting generative AI obligations for lawyers into a statute. Senate Bill 574 (SB 574), authored by…
Read MoreProposed Regulation Would Narrow Scope of FINRA’s “Outside Business Activity” Rule
FINRA and the SEC have proposed replacing FINRA Rules 3270 and 3280 with a single new Rule 3290 designed to…
Read MoreThe Department of Labor’s New Independent Contractor Proposal and Its Potential Impact on Independent Financial Advisors
The U.S. Department of Labor has issued a new Notice of Proposed Rulemaking addressing how to determine whether a worker…
Read MoreRegistered Reps and Broker-Dealer Alert: Recent SEC No-Action Relief Allows B-D’s to Pay Transaction-Based Compensation to Personal Service, Pass-Through Entities Rather Than to Registered Persons, Subject to Limitations
On November 17, 2025, the staff of the Securities and Exchange Commission (“SEC”) issued a no-action letter to the Financial…
Read MoreCalifornia’s AB 692: Closing the Door on “Stay-or-Pay” Provisions
Effective January 1, 2026, AB 692 marks California’s newest effort to limit employer-imposed restraints on workers by banning repayment obligations…
Read MoreSEC Announces 2026 Examination Priorities
On November 17, 2025, the SEC Division of Examinations (the “Division”) issued its annual Examination Priorities (“Exam Priorities”) for fiscal…
Read MoreDon’t Forget: Continuing Education for IARS
The deadline for California-registered investment adviser representatives (“IARs”) to complete their required Investment Adviser Representative Continuing Education (“IAR CE”) hours…
Read MoreFuture-Proofing Your Firm: Why Succession Planning Is Smart Business
Do you have a plan for your business’s future? What would happen to your business if a sudden unforeseen event…
Read MoreSEC Withdraws Several Proposed Regulations
On June 12, 2025, the SEC withdrew fourteen regulations that were proposed over the past three years, stating they have…
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