News & Analysis as of

Investment Adviser NASD

UB Greensfelder LLP

Cetera Pays $1 Million To Settle A Case That Should Have Been Moot . . . Except FINRA Failed To Act On A Wildly Popular Rule...

UB Greensfelder LLP on

Almost three years ago, in Reg Notice 18-08, FINRA wisely (but, nevertheless, still a bit late to the party) proposed to revise its own prior guidance regarding the troublesome intersection between outside business activities...more

McGuireWoods LLP

FINRA 2018 Examination Findings

McGuireWoods LLP on

The Financial Industry Regulatory Authority (FINRA) recently published its 2018 Report on FINRA Examination Findings, focusing on (1) suitability for retail customers, (2) fixed income markup disclosure, (3) reasonable...more

K&L Gates LLP

FINRA Requests Comment on Rules Governing Outside Business Activities and Private Securities Transactions

K&L Gates LLP on

The Financial Industry Regulatory Authority (“FINRA”) recently issued a notice requesting comments on the effectiveness and efficiency of its Rules 3270 (Outside Business Activities of Registered Persons) and 3280 (Private...more

Goodwin

Financial Services Weekly News - June 2016 #5

Goodwin on

Regulatory Developments - FSOC Rescinds GE Capital's SIFI Designation - On June 29, the Financial Stability Oversight Council (FSOC) announced that it had voted unanimously to “rescind its determination that...more

Proskauer - Corporate Defense and Disputes

FINRA’s New Background Investigation Rule Will Likely Increase Firms’ Costs and Potentially Increases Exposure for Firms in...

Recently, the SEC approved FINRA’s proposed new Rule 3110(e) relating to background investigations of registered persons. FINRA Rule 3110(e), which replaces NASD Rule 3010(e) and goes into effect on July 1, 2015, streamlines...more

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