FINRA Proposes Increasing Gift Limit
Earlier this year, FINRA released its proposal to update Rule 3220, Influencing or Rewarding Employees of Others (the “Gift Rule”)[1].…
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NASAA Updates Model Rule to Restrict Use of the Term ‘Advisor’
In early April 2025, NASAA amended its model rules for Dishonest or Unethical Business Practices of Broker-Dealers and Agents (“Conduct…
Read MoreCalifornia’s Clean Slate Act vs. Federal Disclosure Requirements for Financial Advisors
California’s Clean Slate Act, composed of Assembly Bill 1076 and Senate Bill 731, aims to expand opportunities for individuals with…
Read MoreDon’t Forget Form D – Recent SEC Enforcement Actions Emphasize the Importance of Timely Filing Form D
On December 20, 2024, the Securities Exchange Commission announced that it had settled with multiple entities for failing to timely…
Read MoreFinCEN Final Rule: Anti-Money Laundering Program Requirements for Investment Advisers
On August 28, the Financial Crimes Enforcement Network (“FinCEN”), within the U.S. Treasury Department, issued a final rule, the Anti-Money…
Read MoreAmendments to FINRA Rule 3240: Key Changes and Takeaways
FINRA recently announced in Regulatory Notice (“Reg. Notice”) 24-12, amendments to Rule 3240 (the “Rule”) which generally prohibits borrowing from…
Read MoreSEC Announces 2025 Examination Priorities
On October 21, 2024, the U.S. Securities and Exchange Commission (SEC) Division of Examinations released its annual examination priorities for…
Read MoreSEC Regulation S-P Changes: What You Need to Know
On May 16, 2024, the Securities and Exchange Commission (“SEC”) adopted significant amendments to Regulation S-P (“Reg S-P”). Among other…
Read MoreThe Securities and Exchange Commission Announces Amendments to Internet Investment Adviser Registration Rules
On March 27, 2024, the Securities and Exchange Commission (“SEC”) adopted amended rules regarding the registration requirements that apply to…
Read MoreSEC Rules 3a5-4 and 3a44-2 Requiring Registration of Liquidity-Providing Persons as “Dealers”
On February 6, 2024, the Securities and Exchange Commission (“SEC”) adopted Rules 3a5-4 and 3a44-2 (“Final Rules”) defining the phrase…
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