Blog
FINRA’s Conferences for Fall 2016
FINRA offers securities and compliance professionals valuable education and training opportunities, particularly in compliance and regulatory matters. FINRA’s conferences and educational events keep securities and compliance professionals informed about recent and upcoming regulatory and rules developments as well as FINRA’s priorities and practical guidance on compliance issues. […]
Regulation Crowdfunding – Part II
[Continued from Regulation Crowdfunding – Part I] Crowdfunding Requirements for Intermediaries The following requirements apply to both broker-dealers and funding portals acting as an intermediary in a transaction involving the sales of securities pursuant to Regulation Crowdfunding (“Regulation CF”): iMessage for PC: Download iMessage for Windows in easy steps. Read [...]
Regulation Crowdfunding – Part I
On October 30, 2015, the Securities and Exchange Commission (the “SEC”) voted to adopt Regulation Crowdfunding (“Regulation CF”) under the provisions of Title III of the JOBS Act of 2012 (the “JOBS Act”). The final rules adopted under Regulation CF became effective on May 16, 2016, with entities wishing to act as [...]
Continuing Membership Application
Initially, when a firm receives FINRA approval to become a broker/dealer, the membership agreement has specific criteria which defines the types of business the firm may engage. If the firm wants to make changes to certain lines of business, operations, or otherwise, then it must submit a CMA, also known [...]
2016 Broker-Dealer Training Considerations
Annual broker-dealer training should be derived from relevant regulatory and/or industry focus areas. It is important to consider the current “hot topics” and implement appropriate training regarding the areas that would best mitigate risk when performing needs analysis and developing an annual broker-dealer training plan. […]
Minimum Denominations for Municipal Securities
Regulators are focusing their attention on municipal securities firms that effect transactions in municipal securities in an amount lower than the minimum denomination of the issue. Several broker-dealers have been fined for their failure to comply with such minimum denominations. […]