Regulation Best Interest (Reg BI) is a relatively new rule from the United States Securities and Exchange Commission (SEC) that requires a clear distinction between financial professionals who claim to be advisors. In an effort to better protect clients, this rule...
According to their website, FINRA, an acronym for Financial Industry Regulatory Authority, believes that "a vibrant market is at its best when it works for everyone" while providing "confidence to participate by safeguarding market integrity." FINRA's purpose FINRA...
If any government body can regulate cryptocurrency, it is likely the United States Securities and Exchange Commission (SEC), and with trillions on the line, it seems only a matter of time before the feds put regulations in place. How can the feds regulate crypto? The...
The Financial Industry Regulatory Authority (FINRA) works to hold brokers accountable to their customers. One way they achieve this goal is by enforcing the rules and regulations issued by the United States Securities and Exchange Commission (SEC). But what happens if...
The Financial Industry Regulatory Authority (FINRA) is prepping to release its 2022 examination priorities. Some notable priorities thus far include how firms are engaging social media influencers to help market their brands, a tightening of rules around options...
The United States Securities and Exchange Commission (SEC) recently accused founder and former CEO Trevor Milton of Nikola, an electric car company, of securities violations. The government agency claims Mr. Milton used media appearances to provide investors with...
Insider trading cases generally involve using confidential information to help guide decisions to trade on the stock exchange. This practice is illegal and can come with serious penalties like monetary fees and even the potential for imprisonment. We have seen...
Article by Gregory P. Holder, Retired Judge – Zinober Diana & Monteverde P.A. & Rondal E. Bush – Bush Graziano Rice & Platter, P.A., “Winning At Arbitration,” HCBA Lawyer, Jan – Feb 2022, pp 46-47 Read the article here: https://joom.ag/z8FI/p48
Leadership of an organization can have a direct impact on the group’s culture, outlook, and practices. Changes in leadership structure can result in changes in any of these areas. As a result, it is a good idea for broker-dealers to keep apprised of such changes...
Brokers are in the business of getting good deals for their clients. Sometimes, those deals may involve private companies. Moving forward with these deals can be beneficial for all involved if the broker follows the rules. The Financial Industry Regulatory Authority...
