Three financial advisors are facing a lawsuit over allegations they improperly solicited clients from their former employer, according to ThinkAdvisor. David Wheatley, Timothy O’Shea, and William McDonald are the subject of a complaint filed in federal court in...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: October 2021
FINRA encourages firms to review priorities for anti-money laundering and countering financing of terrorism
The Financial Industry Regulatory Authority is encouraging member firms to review the new anti-money laundering and countering the financing of terrorism priorities that were mandated by Congress. FINRA issued a regulatory notice to inform firms of the government-wide...
SEC reopens comment period for proposal on “clawbacks” of erroneously awarded compensation
The Securities and Exchange Commission announced that it has reopened the comment period on a proposal it issued previously for implementing provisions of Section 954 of the Dodd-Frank Act. The rules, first proposed by the SEC in 2015, would require national...
SEC head of enforcement discusses division’s ‘first of their kind’ actions
The director of the SEC’s Division of Enforcement detailed some of the actions his division has initiated recently to enhance trust in financial institutions, Think Advisor reports. Gurbir Grewal spoke last Wednesday at the ‘SEC Speaks’ event held at the Practising...
SEC Chairman requests review of techniques used on online brokerage platforms
The chairman of the Securities and Exchange Commission discussed the use of digital analytics in finance in remarks at a conference this week, according to Financial Advisor. SEC Chairman Gary Gensler addressed the topic at the ‘SEC Speaks’ conference at the...
