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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.
FINRA determined that SpeedTrader's supervisory system for potential manipulative trading was not reasonable in four key respects
SEC Division of Examinations sweep exam assessing how the T+1 settlement change is going
741 firms opted in to participating in the initial phase of FINRA's remote inspections pilot program
FINRA alerts B-Ds to Form BR functionality enhancements for initial Form BR submissions and updated residential supervisory location FAQs
Broker-dealer failed to "reasonably respond" to trading in 100 customer accounts that appeared to be potentially excessive and unsuitable
New notice covers this year's CE Regulatory Element training assignments and calls out the Dec. 31 completion deadline
Having P&Ps in place to address OBA requirements falls short: the policies must be enforced
The case offers the lesson that you cannot leave sections of your WSPs essentially blank
Despite the numbers of broker-dealer firms continuing to fall, reps serving the brokerage industry have hit their highest level in five years
Less than 2% of survey respondents permit the use of personal e-mail for business communications
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