Elder Financial Abuse: When Can a Brokerage Firm Be Held Responsible?
Financial exploitation of older Americans is a growing problem, and the consequences can be devastating. A senior investor may spend…
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When AI Picks the Trades: Liability Risks for Broker-Dealers, RIAs, and Registered Representatives
Artificial intelligence is no longer a back-office tool in financial services. It is now embedded directly in how retail investors—particularly…
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 MoreSEC Warns Broker-Dealers and Advisers About Disclosing Conflicts of Interest
Under both Regulation Best Interest (“Reg BI”) and the Investment Adviser fiduciary standard, firms and financial professionals should provide recommendations…
Read MoreProposed Updates to Electronic Recordkeeping Requirements for Broker Dealers
On November 18, 2021, the U.S. Securities and Exchange Commission proposed updates to the Securities Exchange Act of 1934 rules…
Read MoreSEC ISSUES RISK ALERT FOR BROKER-DEALERS AND INVESTMENT ADVISORS RELATED TO CLIENT PRIVACY ISSUE
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has published a risk alert warning of widespread deficiencies in broker-dealers’…
Read MoreFederal Court Denies Broker-Dealer’s Request for Internal FINRA Documents in SEC Enforcement Action
On February 13, 2018, a federal district court judge denied a U.S. broker-dealer’s request for leave to compel internal regulatory…
Read MoreCalifornia Financial Services Law Report- The Growing Trend: Brokers Moving From Major Wirehouses To Independent Broker-Dealers
The facts speak for themselves. There is a steady and growing trend for brokers to leave one of the remaining…
Read MoreFINRA Examinations Report Cites Broker-Dealer Cybersecurity Deficiencies
On December 6, 2017, the Financial Industry Regulatory Authority (FINRA) released a report on recent findings by it Examination program,…
Read MoreBrokerage Firms and FINRA Crack Down on Broker Expense Account Violations
In a growing number of high profile cases, often involving major producers and star brokers at major wire houses, the…
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