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UBS Slammed with $18 million FINRA Arbitration Verdict, Says Sonn & Erez PLC
Story written at GlobeNewswire UBS Financial Services Inc. and UBS Financial Services Inc. of Puerto Rico (collectively “UBS”) were slammed with an $18 million FINRA arbitration verdict (Case No....
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FINRA Imposing Increasingly Major Fines for AML Failures
Story written by Joseph A. Valenti at NLR Staying true to its Chairman’s message regarding its focus in 2016 on anti-money-laundering (“AML”) compliance, the Financial Industry Regulatory Authority...
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FINRA Enforcement Chief Brad Bennett Announces Departure
Press Release by Business Wire at Yahoo FINRA announced that J. Bradley Bennett will leave FINRA early next year. Bennett has served as FINRA’s Chief of Enforcement for nearly six years, overseeing 300...
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FINRA Fines Wells Fargo, Others $14 Million for Records’ Changeable Format
Story written by Elizabeth Dilts at Reuters The Financial Industry Regulatory Authority said it fined several Wells Fargo & Co businesses, RBC Capital Markets, LPL Financial and others a combined...
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Broker-Dealer Registration In The Private Equity Fund Adviser Context: How...
Story by Dechert LLP at Lexology.com The U.S. Securities and Exchange Commission announced on June 1, 2016, that Blackstreet Capital Management, LLC, a private equity fund advisory firm (BCM), and its...
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Congress Got Schooled Once By A BD Owner; It Should Again
Story written by Jon Henschen of Henschen & Associates at prweb Jon Henschen’s most recent article, “Congress Got Schooled Once by a BD Owner; It Should Again,” reviews Peter Schiff’s testimony to...
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Finra Exam Summaries Could Change the Game in Compliance
Commentary on InvestmentNews article by Mark Schoeff Jr. Robert Cook, the Financial Industry Regulatory Authority’s new CEO, announced his intention to release summaries of examination results for the...
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Change In Administration Presents Opportunity To Revisit DOL Fiduciary Rule
Story by Skadden Arps Slate Meagher & Flom LLP at Lexology In 2016, regulatory developments introduced fundamental changes in the legal standards that govern the relationship of broker-dealers...
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FINRA And Social Media: What To Expect From New Guidance
In spite of extensive regulatory guidance since 2010, some financial services firms are still baffled by how to comply with communications rules and regulations pertaining to social media. Regulators...
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FINRA Releases Additional Guidance Related To Social Media
The FINRA recently released Regulatory Notice 17-18, which contains guidance pertaining to social networking websites and business communications. FINRA clarified a number of topics, including: Member...
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