The latest meeting of the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee was held this week, the commission announced. The committee, which meets quarterly, was established by the SEC Small Business Advocate Act of 2016. It is...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: November 2023
Investor advocates raise concerns over FINRA marketing proposal
Investor advocates have raised concerns about a new Financial Industry Regulatory Authority proposal involving the marketing of financial products, reports AdvisorHub. The proposed rule change, filed with the Securities and Exchange Commission, would allow a FINRA...
SEC approves FINRA’s proposed rules for remote inspection program
The Securities and Exchange Commission has approved a plan allowing broker-dealers to inspect their branch offices remotely rather than in-person, according to AdvisorHub. The plan was initially developed by the Financial Industry Regulatory Authority in response to...
Labor Department will not extend public comment period on new fiduciary rule
The 60-day public comment period for feedback on the U.S. Department of Labor's new fiduciary rule is not going to be extended, Wealth Management reports. The department's proposed rule would update the definition of an investment advice fiduciary under the Employee...
FINRA expungement reforms will help but do not go far enough, PIABA president says
The Financial Industry Regulatory Authority's recently enacted reforms to its expungement process are an improvement to the system but do not go far enough, according to two industry experts. FINRA's new rules are aimed at making it more difficult for brokers to...