At the Financial Industry Regulatory Authority (“FINRA”) Board of Governors meeting held on February 13, 2014, a previously withdrawn rule change proposal was revived that would require brokerage firms to incorporate a link to “BrokerCheck” on their public websites and … Read More
The list of reporting requirements for investment advisers (“IAs”) is constantly growing. As a joint initiative between the Securities and Exchange Commission (“SEC”) and the U.S. Commodity Futures Trading Commission (“CFTC”) under the U.S. Dodd-Frank legislation (“Dodd-Frank”), Form PF was … Read More
On February 3rd, 2014, the Securities and Exchange Commission (“SEC”) released a draft version of the Strategic Plan for public comment through March 10th. The plan outlines the SEC’s strategic goals for the years 2014 through 2018.
On February 4, 2014, the Securities and Exchange Commission (“SEC”) announced charges against two traders involved in a “parking” scheme in which one trader temporarily placed securities in the other’s trading book in order to bypass a policy at his … Read More
Heading into 2014, the Securities and Exchange Commission (“SEC”) has stressed the importance of keeping up with technology as it constantly evolves. It is critical that firms embrace the technological advances that are available to them. These advances have given … Read More
At the end of each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (RMU), an in-depth article written by one of our staff members on a current relevant topic in the compliance, securities and … Read More
To start the new year, the Securities and Exchange Commission’s (“SEC’s”) Office of Compliance Inspections and Examinations (“OCIE”) released its 2014 National Examination Program Priorities. The purpose of this announcement, according to OCIE, is to “communicate with investors and registrants … Read More
Unlawful activities and prosecuted corruption by investment adviser representatives (“IAs”) in the Commonwealth of Massachusetts will now be harder to hide due to a new regulation requiring background checks for IAs which was passed by the Office of the Massachusetts … Read More
