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
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
FINRA has requested comments on a proposed rule to simplify and ease members’ duties related to outside activities of associated persons. The rule would merge existing Rules 3270 and 3280, and cover fewer outside activities and transactions. However, the proposed rule keeps the status quo for outside investment adviser (“IA”) activity at an unaffiliated