Make sure you give your customers thorough disclosures regarding complex products, and follow solid procedures to determine for whom those products are suitable. Also review ...
With some tweaks to FINRA's best execution rule taking effect May 31, you might want to review your written policies and procedures in this area ...
Last week, we told you about a Los Angeles arbitration panel that ordered four, related investor claimants who lost to pay $75,000 of the respondent ...
Whether it's a myth or not that compliance officers are at greater risk of facing a failure-to-supervise charge, there are steps you can take to ...
The due diligence you would have to perform on customers could increase dramatically under a proposal the Treasury Department's Financial Crimes Enforcement Network (FinCen) is ...
Don't accept at face value a rep's explanation for having unusually large sums of money in his brokerage account. Ask for some documentation that backs ...
The SEC and CFTC are now the agencies charged with implementing - for the entities they regulate - the FTC's Red Flag Rule to prevent ...
Stressing that "AML should be among the forefront of broker-dealers' compliance concerns," a high-ranking SEC official says the Commission has raised its expectations and is ...
Make sure your firm's policies and procedures effectively ensure it's using fair pricing and best execution in regards to fixed-income transactions. This includes the need ...
That 1-1 Commission vote a few weeks ago dismissing the failure-to-supervise case against Ted Urban, the former general counsel at Ferris Baker Watts in Baltimore ...