-
As summarized below, FINRA is currently seeking comment on proposed amendments to FINRA Rule 5110 (Corporate Financing Rule – Underwriting Terms and Arrangements) to make substantive, organizational and terminology changes to the rule. carngearThe proposal is intended to modernize Rule 5110 and to simplify and clarify its provisions. The rule proposal would retain the primary principle of the rule that no member firm or person associated with a member firm may participate in a public offering for which the terms and conditions, including the aggregate amount of underwriting compensation, are unfair, unreasonable or inconsistent with any FINRA rule.https://thewindowsplus.org/ As background, Read More....
-
As summarized below, the MSRB recently announced the effective date of amendments to MSRB Rules G-12, on uniform practice, and G-15, on confirmation, clearance, settlement and other uniform practice requirements with respect to transactions with customers, to define regular-way settlement for municipal securities transactions as occurring on a two-day settlement cycle (T+2). The SEC approved the MSRB’s proposal to make these rule amendments and other technical amendments in April 2016 and the effective date will be September 5, 2017. best headphones with mic under 50 The MSRB expects the migration to the two-day settlement cycle to provide significant benefits to Read More....
-
As summarized below, FINRA recently filed with the SEC a proposed rule change to adopt, with amendments, the NASD and Incorporated NYSE rules relating to qualification and registration requirements as FINRA rules in the Consolidated Rulebook. The proposed rule change also restructures the current representative-level qualification examinations and creates a general knowledge examination and specialized knowledge examinations. cheap gaming laptop under 600 In addition, the proposed rule change amends the Continuing Education (“CE”) requirements. Registration Requirements FINRA has adopted registration requirements to ensure that associated persons attain and maintain specified levels of competence and knowledge pertinent to their function. The current Read More....
-
As summarized below, FINRA recently announced some recent enforcement actions against member firms that we wanted to share with you. We have selected these specific cases to share as we feel these are very important areas of compliance within a broker-dealer. More importantly, each of the examples summarized below were easily preventable. Firms must ensure that its personnel receive adequate training and have the requisite experience when assigned supervisory responsibilities, and also have an obligation to ensure its policies and procedures are being followed. lucky patcher for windows FINRA recently announced that it has expelled Texas E&P Partners, Inc. fka Read More....
-
As summarized below, the Municipal Securities Rulemaking Board (MSRB) recently published a Regulatory Notice seeking comment on draft rule amendments to MSRB Rule G-34, on CUSIP numbers, new issue, and market information requirements, to clarify existing application of the rule to certain new issue municipal securities, and to expand the application of the rule to certain additional industry participants. In addition, the MSRB also wanted to remind firms of their existing obligation under Rule G-34(b) to obtain CUSIP numbers for certain secondary market securities. showbox app for ipad download Specifically, the MSRB is seeking comment on draft amendments to Rule Read More....
-
As summarized below, the SEC has recently approved amendments to FINRA Rule 2232 (Customer Confirmations) that require firms to disclose additional transaction-related information to retail customers for trades in certain fixed income securities. These amendments will become effective on May 14, 2018. When Disclosure is Required New FINRA Rule 2232(c) requires firms to disclose to a non-institutional customer the amount of mark-up or mark-down the customer paid for a trade in a corporate or agency debt security, if the firm also executes one or more offsetting principal trades in the same security on the same trading day which in the Read More....
