Dual Registrants

The 2011 integration of Wells Fargo and Wachovia triggered the adoption of a number of written compliance policies. One such policy prohibited Wells Fargo from ...

Flawed compliance and surveillance procedures can trip up even the largest of firms. Merrill Pierce, Pierce, Fenner & Smith makes the case. The dual registrant, ...

A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway.  But for Wedbush Securities ...

Shortcomings in its anti-money laundering program have dealt a New York-based dual registrant an enforcement double whammy. On March 28, both FINRA and the SEC ...

Treasury Department Secretary Steven Mnuchin believes the regulatory framework for the asset management industry “can be significantly improved.” With the costs of asset management expected ...

You’ve had 90 days to get ready for a new rule you’re likely to embrace.   The CFTC’s new recordkeeping rule takes effect Aug. 28, ...

Strong stock market performance in the past year has propelled the aggregate regulatory assets under management of SEC-registered investment advisers to a new record high ...

A peer shares a copy of the initial document request letter the firm received for an SEC exam of a broker-dealer.

This matter concerns KMS, a dually-registered investment adviser and broker dealer that failed, in its capacity as an investment adviser, to disclose to its advisory ...

Filing thousands of Suspicious Activity Reports per year doesn’t necessarily mean your Bank Secrecy Act compliance program hits all of its marks. Alpine Securities Corporation, ...