On behalf of Lewitas Hyman PC | Mar 16, 2020 | Firm News, Securities and Compliance
Providing the public with relevant information about securities professionals and their firms is a central component behind BrokerCheck, a free tool administered by the Financial Industry Regulatory Authority, Inc. (“FINRA”). Over the past several years, FINRA has...
On behalf of Lewitas Hyman PC | Aug 28, 2017 | Firm News, Regulatory Investigations, Securities and Compliance
Did you know that FINRA conducts between 1,500 and 2,000 audits a year? The Financial Industry Regulatory Authority (“FINRA”) delivers audits and regulation services to the financial industry. As a Self-Regulatory Organization (“SRO”), FINRA works closely with the...
On behalf of Lewitas Hyman PC | Aug 21, 2017 | Firm News, Securities and Compliance
Expungement is the removal of certain disclosure events on a registered representative’s record – primarily customer complaints and arbitrations, and in some instances employment termination explanations. Once a disclosure event is expunged, it is no longer accessible...
On behalf of Lewitas Hyman PC | Aug 14, 2017 | Firm News, Securities and Compliance
Do you know how to spot Ponzi Schemes? Are you aware of the warning signs? Recently, a Long Island firm lied to investors about having connections to Jay Z’s entertainment company, Roc Nation, and allegedly defrauded investors out of $70 million. More details can be...
On behalf of Lewitas Hyman PC | Aug 7, 2017 | Firm News, Securities and Compliance
Did You Know That Advisor Recruitment is at a Four-Year High? According to data compiled by On Wall Street, despite the recent decision by certain wirehouses to significantly reduce recruiting, recruitment is at a four-year high and remains strong. Recruiters say that...
On behalf of Lewitas Hyman PC | Jul 10, 2017 | Firm News, Securities and Compliance
FINRA recently filed a proposed rule change with the SEC to amend Rules 13100 and 12100 of the FINRA Code of Arbitration Procedure to simplify the definition of a non-public arbitrator and to address an eligibility gap that has been preventing certain otherwise...
On behalf of Lewitas Hyman PC | Jun 10, 2017 | Firm News, Securities and Compliance
By: Lewitas Hyman PC Leveraged exchange traded funds (“ETFs”) were first introduced in 2006, and 3x Leveraged ETFs – designed to achieve 3x the performance of the underlying index or benchmark that a particular ETF tracks – were first introduced in November 2008 in...
On behalf of Lewitas Hyman PC | Mar 20, 2017 | Firm News, Securities and Compliance
Effective April 3, 2017, the Financial Industry Regulatory Authority (“FINRA”) will be implementing several new rule changes to both the customer and industry codes (“Rules”). While the rule changes focus on the use of FINRA’s web based DR-Portal (“Portal”), there...
On behalf of Lewitas Hyman PC | Mar 10, 2017 | Firm News, Securities and Compliance
The Securities and Exchange Commission’s Division of Investment Management (“SEC”) recently published information and guidance for investors and the financial services industry on the use of automated advisers, or robo-advisers, which are registered investment...
On behalf of Lewitas Hyman PC | Feb 20, 2017 | Firm News, Securities and Compliance
The Office of Compliance Inspections and Examinations (“OCIE”) at the Securities and Exchange Commission (“SEC”) recently published a Risk Alert titled The Five Most Frequent Compliance Topics Identified in OCIE Examinations of Investment Advisors. The five common...
