A panel of Financial Industry Regulatory Authority arbitrators ruled in favor of a group of former Credit Suisse Securities brokers in a dispute with the firm, InvestmentNews reports. The seven brokers said they were owed deferred compensation by Credit Suisse after...
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Month: January 2022
SEC seen as likely to step up enforcement of Reg BI
The Securities and Exchange Commission is considered likely to begin stronger enforcement of its Regulation Best Interest rule, according to a report by Financial Advisor. The report details a blog posted by Kurt Wolfe of Quinn Emanuel’s SEC Enforcement Practice, who...
FINRA issues regulatory notice to firms regarding renewal fees
The Financial Industry Regulatory has issued a regulatory notice to member firms regarding the Final Statements of their renewal fees. Regulatory Notice 22-01 reminds broker-dealers, investment advisor firms, agents and investment advisor representatives, and branches...
Couple sues UBS over disclosure of account information to the IRS
A couple has filed a federal lawsuit against the Swiss financial institution UBS Group AG over claims that account information was improperly disclosed, according to a report by AdvisorHub. The suit was filed last week in Manhattan federal court by Jonathan and Esther...
FINRA rule on business continuity plans left unchanged
Following a review of its rule involving business continuity plans during the COVID-19 pandemic, the Financial Industry Regulatory Authority has decided to maintain the rule without change, ThinkAdvisor reports. Under Rule 4370, FINRA members are required to have a...