SEC Exam Priorities for 2017
- Jan 27 2017
What does the SEC have planned for investment advisers and brokers dealers? The Securities and Exchange Commission (“SEC”) recently released its list of examination priorities for 2017. In particular, the …
What does the SEC have planned for investment advisers and brokers dealers? The Securities and Exchange Commission (“SEC”) recently released its list of examination priorities for 2017. In particular, the …
In December 2016, UBS lost an $18.5 million arbitration brought by two former clients, a husband and wife, in connection with the sale of close-end funds that were collateralized by Puerto Rican …
On January 13, 2017, the United States Supreme Court agreed to consider whether, under American Pipe & Construction Co. v. Utah, 414 U.S. 538 (1974) (“American Pipe”), the filing of …
What is the fate of the fiduciary rule under the Trump Administration? In May of last year, this Blog wrote about the Department of Labor’s fiduciary rule, which requires financial advisors …
What anti-money laundering compliance programs should financial firms have in place? The Financial Industry Regulatory Authority (“FINRA”) recently announced that it had fined Credit Suisse Securities (USA) LLC, a former …
In a December 2016 regulatory notice to member firms, the Financial Industry Regulatory Authority (“FINRA”) announced that the Securities and Exchange Commission (“SEC”) approved amendments to Rule 12403 of the …
Previously, this Blog wrote about the importance of having a complete record when challenging an arbitration award. Recently, two claimants in arbitration learned the hard way that an incomplete record …
The Securities and Exchange Commission (“SEC”) will tell anyone who listens that reporting violations of the securities laws is an important part of its anti-fraud/anti-corruption whistleblower program. This is especially …
Arbitration is an alternative form of dispute resolution, meaning it is an alternative to a court proceeding. In arbitration, the parties have their dispute resolved by neutral persons (known as …
What is the amount of fines assessed by Finra this year? Thus far, 2016 has been a banner year for the Financial Industry Regulatory Authority (“FINRA”). Buoyed in part by …