Each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (“RMU”), authored by one of our staff members on a current “hot topic” in the securities industry. In late May 2014, Core Compliance’s Lead Managing … Read More
On May 19, 2014, the Financial Industry Regulatory Authority’s (“FINRA’s”) Chairman and CEO Rick Ketchum made his opening remarks to the assembly of financial professionals at FINRA’s Annual Conference in Washington D.C. The centerpiece of Ketchum’s speech was “restoring trust … Read More
Legal and compliance professionals working within securities firms face a wide range of unique problems and demands – a fact that the Securities and Exchange Commission’s (“SEC’s”) Commissioner David Gallagher acknowledged during a speech on May 12, 2014, in Washington, … Read More
The Financial Industry Regulatory Authority (“FINRA”) approved an amendment to its Supervision Rule that will require firms to perform background checks on applicants for registration, in an announcement made in an April 24, 2014 press release. These background checks would … Read More
In the ever-evolving 21st century sphere of US investor protections, one of the most constantly seen involves regulatory measures that help protect our growing demographic population of the elderly in America. In a March 21, 2014 letter between executives with … Read More
The Securities and Exchange Commission (“SEC”) has recently approved the Financial Industry Regulatory Authority’s (“FINRA’s”) proposed new consolidated rules for Supervision and Supervisory Control Systems. These FINRA rules – issued as Rules 3110, 3120, 3150, and 3170, to replace regulatory … Read More
At the beginning of March 2014, the Financial Industry Regulatory Authority (“FINRA”) announced that they would amend their proposal, pursuant to Regulatory Notice 13-42, for a Comprehensive Automated Risk Data System (“CARDS”) to include restrictions on the amount of sensitive … Read More
