The Financial Industry Regulatory Authority is providing assistance to member firms to help with their compliance efforts related to Regulation Best Interest. Regulatory Notice 23-20, published by FINRA on Dec. 5, highlights key regulatory developments and resources...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2023
Bank executives speak out against tighter capital rules at Senate hearing
Eight top US banking executives spoke out against proposed new measures tightening capital requirements at a hearing on Capitol Hill recently, according to an AdvisorHub report. Under a plan by the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the...
Firms penalized by FINRA for violations involving fully paid securities lending
The Financial Industry Regulatory Authority has penalized four broker-dealer firms for violations related to fully paid securities lending, Investment News reports. The firms, M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade,...
SEC Office of the Investor Advocate issues report on activities for fiscal year 2023
The Securities and Exchange Commission's Office of the Investor Advocate (OIAD) has released its report on activities for the fiscal year 2023. The report, which highlights the work of the OIAD during the year, was published and submitted to Congress last week. It...
Webinar held to review SEC enforcement priorities for 2024
Experts in the financial industry were brought together for a webinar on Tuesday to discuss the Securities and Exchange Commission's examination priorities for 2024. According to InvestorCOM, the event was held to better understand the SEC's enforcement agenda as...