Updates
Arbitration Practice – Motion Response and Promissory Note Proceedings
Motion Practice – Five Day Reply Period for Responses in Arbitration – Regulatory Notice 11-23 Effective June 6, 2011, a moving party will have five
Fidelity Bonds – Regulatory Notice 11-21
FINRA Rule 4360 requires each member firm that is required to join the Securities Investor Protection Corporation (SIPC) to maintain blanket fidelity bond coverage with
Revised Discovery Guide and Document Production Lists for Customer Arbitration Proceedings – Regulatory Notice 11-17
FINRA announced in Regulatory Notice 11-17 that a revised Discovery Guide and Document Production Lists for Customer Arbitration Proceedings was approved by the SEC and will be
Both FINRA and SEC Bring Actions Regarding Due Diligence on Unsuccessful Private Placements
On April 7, 2011, both FINRA and the SEC announced actions both broker-dealers and supervisory personnel in connection with sales of private placement offerings without adequate due diligence. The
Third Party Service Providers – Regulatory Notice 11-14
In March 2011, FINRA issued Regulatory Notice 11-14, requesting comments on proposed new rule 3190 clarifying the scope of a member firm’s obligations and supervisory responsibilities
FINRA Proposes Rules on Debt Research Reports – Regulatory Notice 11-11
In March 2011, FINRA issued Regulatory Notice 11-11 requesting comments on a concept proposal to apply objectivity safeguards and disclosure requirements to the publication and distribution of
SEC Proposes Rules on Disclosure of Incentive-Based Compensation Arrangements at Financial Institutions
On March 2, 2011, the Securities and Exchange Commission proposed rules to require certain financial institutions, broker-dealers and investment advisers with $1 billion or more in assets,
SEC Approves FINRA New Member Restrictions Regarding Disqualified Persons
On February 18, 2011, the Securities and Exchange Commission issued Release No. 34-63933, approving FINRA Rule 1113 (Restrictions Pertaining to New Member Applications) and amendments to
FINRA Rule 4530 – Self-Reporting Misconduct
New FINRA Rule 4530, representing a consolidation of NASD Rule 3070 and NYSE Rule 351, takes effect on July 1, 2011. The rule increases the
SEC Institutes Social Media Sweep of Investment Advisers
As reported in Investment News on February 15, 2011, the SEC began a sweep of registered investment advisers and investment advisory firms to gather information about