SEC Commissioner Addresses Board of Directors’ Cybersecurity Responsibilities
Luis A. Aguilar, a Commissioner of the Securities and Exchange Commission (“SEC”), spoke at the New York Stock Exchange’s Governance Services department “Cyber Risks and the Boardroom” Conference on June 10, 2014. Aguilar spoke regarding the increasing risks associated with … Read More
Risk Management Update Profile – Cybersecurity: Important Considerations for Investment Advisers and Broker-Dealers
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
Senior Investors: Current Regulatory News on Elder Abuse in the Financial World
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
FINRA and Compliance Experts Push for Brokers to Educate Investors on Bond Risks
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
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