At the beginning of July 2013, the Securities and Exchange Commission (SEC) announced the creation of three initiatives aimed at increasing the reach of the Commission’s Division of Enforcement and bringing greater strength to its investigative work. The first is … 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 currently relevant topic in compliance, securities, and investment … Read More
A proposed alteration to Rule 506 under Regulation D of the Securities Act of 1933 permitting issuers, including private investment funds (e.g., hedge funds), to advertise to a broad investor public was approved on July 10 by the Securities and … Read More
A proposal by the Financial Industry Regulatory Authority, Inc. (FINRA) to increase the release of publically-available information about disciplined brokers has been approved by the Securities and Exchange Commission (SEC). The measure assures the release of copies of disciplinary complaints … Read More
The Securities and Exchange Commission (SEC) is seeking greater institutional funding to be used towards staffing more examiners for investment advisers, but according to an industry source, the agency needs many more positions than they estimate to increase its reach. … Read More
Branch office registration for broker-dealers and advisers hoping to open a branch office in Florida has just gotten easier, thanks to a new Florida state measure. On June 14, 2013, Governor Rick Scott passed a law to allow branch office … Read More
In an open meeting held on June 5th by the Securities and Exchange Commission (SEC), the SEC’s Chair, Mary Jo White, proposed a series of rules aiming to provide meaningful reform to the functional operations of money market funds. In … Read More
Richard Ketchum, the chairman, and chief executive of the Financial Industry Regulatory Authority (FINRA), recently cautioned brokers on the potential decrease in bond values at the agency’s annual conference in Washington, DC. In his speech on May 21st, Ketchum touched … Read More
