Outside Business Activity Abuses High on FINRA’s Hit List
As a sign of just how serious FINRA considers failures by brokers to comply with their firm’s Outside Business Activity…
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Broker Alert – FINRA to Publicly Report Undisclosed Bankruptcies, Judgments and Liens on New U4’s
Beginning July 9, 2018, FINRA, the Financial Industry Regulatory Authority, will search public records to determine whether registered reps who…
Read MoreFINRA Proposes New Anti-Churning Rule
In an effort to locate and identify brokers who excessively trade their clients’ accounts to benefit themselves through excessive trading…
Read MoreSecurities Law Update: The “Completely Irrational” Standard for Reversing Legal Error in FINRA Arbitration
For those entrepreneurial enough to form, own and operate a successful RIA firm, while there is great satisfaction in being…
Read MoreCalifornia Securities Lawyer Update: FINRA No Longer Will Require B-D’s to Supervise Unaffiliated RIA’s
Under a FINRA proposal released this week, broker-dealers may no longer be required to supervise the activities of their registered…
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 Securities Lawyer Update: FINRA Releases 2018 Regulatory and Examination Priorities Letter
Each year, the Financial Industry Regulatory Authority (FINRA) outlines its core areas of focus through its annual Regulatory and Examination…
Read MoreFinancial Brokers Beware: FINRA Is About To Seriously Reduce The Ability To Expunge Customer Complaints
FINRA recently submitted a new proposal to the Securities and Exchange Commission which will greatly narrow, and substantially complicate, the…
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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