MSRB Consolidates Registration Forms
The Securities and Exchange Commission last Thursday, February 27, approved a new consolidated set of registration forms and requirements for municipal market participants, MSRB Rule…
Securities Litigation
MSRB Proposes Municipal Advisor Supervisory Rule
On February 25, the Municipal Securities Rulemaking Board ("MSRB") proposed new Rule G-44 imposing a supervision and compliance requirements for Municipal Advisors ("MA's"). The Dodd-Frank…
My Lawyer’s Not Licensed? The Unlicensed Practice Of Law In Arbitration And Mediation Of Securities Disputes
As an investor, you should perform due diligence prior to having an out-of-state attorney represent you in a securities dispute. In an era where social…
7 Tips for Handling a FINRA Investigation of a Financial Advisor
Facing an examination or investigation by the Financial Industry and Regulatory Authority (FINRA) can be a stressful and intimidating experience for even the most seasoned…
The Municipal Securities Rulemaking Board and Rule G-42
The Municipal Securities Rulemaking Board ("MSRB") held a webinar Feb. 6, 2014 discussing its proposed Rule G-42 to impose a broad range of duties, proscriptions…
FINRA Conducting Cyber-Security Sweep Exam
Reacting in part to recent data-breaches and cyber-attacks on larger retailers, the Financial Industry Regulatory Authority ("FINRA") is conducting a targeted examination of some 20…
OCIE Releases 2014 Exam Priorities
On January 9, the SEC's Office of Compliance Inspections and Examinations ("OCIE") issued its annual "hot-topics" list of examination priorities for 2014. National Exam Program…
MSRB Proposes Conduct Rules For Municipal Advisors
On Thursday, January 9, the MSRB re-proposed new Rule G-42 promulgating standards of conduct for Municipal Advisors ("MA's") subject to the almost-newly-effective SEC MA Rule,…
SEC Municipal-Advisor Rules Effective July 1
The SEC's new Municipal-Advisor Rules, 17 CFR § § 240.15Ba1-1 to 15Ba1-8 were to become effective Monday, January 13, 2014 but that morning were delayed…
Suitability And The “Recidivist Broker”
On January 2, 2014, the Financial Industry Regulatory Authority ("FINRA") published its annual regulatory and examination priorities letter for 2014. In the publication, FINRA addressed…