Compliance

In the public capital markets and in particular markets involving retail investors, SEC regulations and FINRA rules are straight forward when it comes to the definition of a security and what constitutes securities activity. In the private capital markets, not …

On August 23, 2023, the Securities and Exchange Commission (SEC) adopted new rules and amendments to the Investment Advisers Act of 1940 that significantly affect the operations of private fund managers. While the new regulations do not directly affect broker/dealers, …

Every spring, hundreds of compliance and legal professionals from across the financial industry head to our nation’s capital for the Financial Industry Regulatory Authority (FINRA) Annual Conference. The purpose of the conference is for FINRA and Member Firms to meet …

In its latest report, FINRA highlighted several significant disciplinary actions for September 2024, targeting both firms and individuals for violations of securities laws and regulatory requirements. These enforcement actions are crucial in maintaining integrity and investor protection within the financial …

Market euphoria?  Beware, we may be entering recession. The US has been adding about $1T in national debt every 100 days since February of 2024– crisis spending, supposedly during economic expansion.  What happens when that spending is reduced?  The massive wins …

The FINRA Disciplinary Actions for November 2024 highlight ongoing efforts to enforce compliance and maintain investor protection. This month’s cases reveal significant penalties for anti-money laundering (AML) failures, supervisory lapses, and violations of Regulation Best Interest (Reg BI). Below is …