After several requests by the Commission’s Examination and then Enforcement staff, Cantor conducted a multiyear lookback review for accounts that should have been assigned a ...
The amendments would require certain broker-dealers to compute their customer and broker-dealer deposit requirement daily rather than weekly
For the second time ever--and the second time in two months--FINRA has expelled a broker-dealer for Reg BI violations, including churning and excessive trading
"Keeping reserve bank accounts up-to-date on a daily basis can provide better customer protection and ameliorate systemic risk"
"Today’s amendments are narrowly tailored to address the risk that a mismatch may develop and persist between the net cash large broker-dealers owe to their ...
"It would better help to protect the SIPC Fund, particularly from the risk that when a broker-dealer fails, it has a midweek shortfall in its ...
"Recent failures in the banking sector brought into sharper focus the need to review vulnerabilities in the existing customer asset protection framework for broker-dealers"
During the relevant period, however, BACNAH’s Fraud Investigations Group used a $25,000 threshold, instead of the proper $5,000 threshold, with respect to transactions or attempted ...
The best ex failures were first detected via FINRA's sweep examination of firms offering zero commission trading
"I am disappointed that the SEC staff has decided not to extend the MiFID II Relief for a modest additional period to accommodate these potential ...