Broker-Dealers

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"

"The amendments we are proposing today would strengthen the customer protection rule by helping to ensure that broker-dealers maintain sufficient funds to reimburse their customers, ...

"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"

Six years of 'no-action' relief around soft dollars research quietly end

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 ...

These proceedings arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700 electronic mailboxes relating to the period January ...