Broker-Dealer Branch Office Inspections: A Key Part to Supervision
Mar. 2012
Understanding FINRA’s New Suitability and Know Your Customer Rules
FINRA’s new Know Your Customer and Suitability rules give rise to certain additional obligations that will require broker-dealer firms to revisit their internal controls and educate their staff on the new requirements. The rules, which were initially announced in this … Read More
Due Date Fast Approaching for Electronic Submission of Annual Audit Reports to SEC and FINRA
Pursuant to Rule 17a-5(d) under the Exchange Act, all SEC-registered broker-dealers must submit annual audit reports to the SEC and the firm’s designated examining authority (such as FINRA) no more than 60 days after its fiscal year-end. Accordingly, firms with … Read More
Compliance End-of-the-Year Checklist
Dec. 2011
Record-Setting Year for SEC Enforcement Actions
On November 9, 2011, the SEC issued a press release announcing that the SEC filed a total of 735 enforcement actions in its fiscal year ending September 30, the most ever in a single year in SEC history. More than … Read More
Social Media – The Latest Regulatory Guidance for Compliance Considerations
Sept. 2011
Financial Institutions Alert – The New SEC Whistleblower Program Takes Effect
On August 12, 2011, the SEC’s new whistleblower incentive program took effect. The program is designed to reward individuals who voluntarily provide the SEC with original information relating to possible violations of the securities laws that lead to a successful … Read More
Books and Records – How to Stay Ahead of the Curve
Aug. 2011
Principal Trading Requirements for Investment Advisers
June 2011