Broker-Dealers

Broker-dealer received underwriting compensation that was "unreasonably and inaccurately described in the offering documents an to FINRA"

A failure to preserve 14,000 records led to a $30,000 FINRA fine

The Commission adopted amendments requiring the electronic filing, submission, or posting of certain forms, filings, and other submissions

A change impacts the timing of follow up with firms on exam findings that were not highly material

This final rule requires electronic filing on EDGAR using structured data, permits electronic signatures in certain broker-dealer filings and updates FOCUS reports

SogoTrade’s independent AML auditor identified recurring weaknesses in SogoTrade’s AML program, which it repeated in each of its annual reports

"Today’s amendments build on more than 20 years of Commission actions to modernize filing and recordkeeping requirements"

"The Commission’s apparent insatiable appetite to obtain and store more and more surveillance data in its systems grows with each rulemaking—with little consideration on issues ...

"The Commission and self-regulatory organizations depend on the CAT to carry out our respective surveillance and enforcement responsibilities"

FINRA charged B-D for utilizing 400 influencers that posted social media communications that "were not fair and balanced"