Earlier this month, FINRA agreed to a Letter of Acceptance, Waiver, and Consent (AWC) imposing a $10 million fine and finding that, from 2018 through at least February 2024, the brokerage firm violated FINRA Rule 2341(l)(5), which generally prohibits broker-dealers from paying or accepting non-cash compensation tied to sales, as well as recordkeeping and supervisory
Even more than 15 years later, the Bernard L. Madoff Investment Securities scandal — the largest Ponzi scheme in U.S. history — continues to shape the regulatory landscape. Today, regulators are uncovering similar risks in the digital asset space, from cryptocurrencies and tokens to lending platforms. Ponzi schemes often collapse with devastating consequences, leaving investors
Navigating Choppy Waters: Broker-Dealers and the Shifting Regulatory Tide
Join us for an afternoon break to chat about hot topics and trends relevant to your business. Our concise and practical discussions will focus on a variety of developments that impact financial service industries, and we’ll offer insights and considerations that will certainly be of interest
The U.S. Securities and Exchange Commission (SEC) has announced the appointment of Brian T. Daly as the new Director of the Division of Investment Management, effective July 8, 2025. Daly, a highly regarded figure in the investment management industry, brings decades of experience advising fund managers and sponsors on regulatory compliance and legal matters.
Daly’s
Happy New Year to all and Welcome to Thompson Hine’s newest blog offered as a service to those in the investment management and broker-dealer communities.
What a better way to begin this blog then discussing the problems that arise for RIAs and BDs at this time of year. The first and most pressing for RIAs