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Hugh Kennedy

Hugh has 35 years of expertise in the financial services industry, with publishing and legal research experience spanning the public company, investment adviser, broker-dealer, credit union and banking industries. As a senior-level manager, award-winning writer and conference speaker, he has covered key issues stemming from the Securities and Exchange Commission, Commodity Futures Trading Commission, Department of Labor, Public Company Accounting Oversight Board, NCUA, banking agencies, Capitol Hill, NASAA and other regulators. He has developed and created a number of new publications, online databases and value-added portals serving the needs of financial industry professionals.
Adopting a set of compliance policies and procedures that form your firm’s compliance manual makes up only half the battle. The true key is then ...
“You never get a second chance to make a great first impression.” That age-old adage certainly applies to an SEC exam. From the moment examiners ...
A high percentage of audit deficiencies or independence findings continue to plague auditors of brokers and dealers registered with the SEC. In its third progress ...
The cost of best execution failures is ratcheting up substantially—at least for Citigroup Global Markets. The broker-dealer was fined a mere $28,500 in October 2010 ...
There’s something quite enjoyable about an extended sunset. In this case, the sunset comes in the form of another proposed two-year extension of the temporary ...
The fraud case took nearly four years to come to trial but only two hours for a jury to deliver a guilty verdict. A Massachusetts ...
Dodd-Frank’s anti-retaliation whistleblower provision doesn’t apply abroad, a court of appeals has ruled. This month, the 2nd U.S. Circuit Court of Appeals in New York ...
Wedbush Securities, Inc.’s incentive comp structure was “rife with potential conflicts of interest” that created a disincentive for compliance personnel to effectively monitor for trading ...
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