The Financial Industry Regulatory Authority has notified member firms of amended rules pertaining to video conference hearings. In Regulatory Notice 23-13, taking effect this week, FINRA said it would be allowing the video hearings before the Office of Hearing...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: August 2023
Financial firms increasingly incorporating AI into their practices
Financial advisors have been increasingly incorporating the use of artificial intelligence into their practices to maximize its positive impact, according to a report by InvestmentNews. The advantages of Generative AI have become clear to firms as the technology has...
FINRA fines Instinet $3.8 million over reporting violations
The Financial Industry Regulatory Authority reached a $3.8 million settlement with Instinet over reporting deficiencies, Law360 reports. According to FINRA, the company made inaccurate or late reports for tens of billions of orders to the consolidated audit trail...
SEC adopts rules regarding disclosure of cybersecurity incidents
The Securities and Exchange Commission announced that it has adopted rules tightening the requirements for public companies to report cybersecurity incidents, according to JD Supra. Under the new rules, firms will be required to disclose on the new Item 1.05 of Form...
Federal appeals court to weigh challenge to FINRA’s constitutionality
A federal appeals court will be considering a challenge to the constitutionality of the Financial Industry Regulatory Authority, reports Bloomberg Law. Last month the case reached the US Court of Appeals for the DC Circuit, which granted an emergency injunction...