Posts from August 2020.

On August 20, FINRA warned member firms about a rash of imposter websites, using registered representative’s names, pictures, CRD numbers and other information to gull investors into providing personally-identifying information to fraudsters.

FINRA suggests member firms should contact the FBI and financial regulators, and posting a notification to investors on their legitimate websites.  Other response measures include conducting a who-is search, complaining to host ISP or domain-name registrar, among others.

Websites maintained by FINRA member firms and their ...

The Financial Industry Regulatory Authority (“FINRA”) has issued a special alert to its member firms, alerting them to an imposter website: (containing an extra “n”).

The fake site contains a purported “registration” form and firm gateway page, apparently phishing for credentials.  FINRA also warns members that the fake domain may be the source of phishing emails.

Both FINRA and the SEC have amped up their cybersecurity warnings during the pandemic.

Regulatory Notice 20-27 is here.

Thomas K. Potter, III ( is a partner in the ...

The SEC recently announced the creation of the Event and Emerging Risks Examination Team (“EERT”) in its Office of Compliance Inspections and Examinations (“OCIE”).  OCIE is the unit charged with conducting compliance exams on registered investment companies, investment advisors, and broker-dealers -- although primary responsibility for examining broker-dealers lies with their self-regulatory organization, FINRA (itself subject to OCIE exams).

The SEC said the EERT unit “will proactively engage with financial firms about emerging threats and current market ...

Posted in: OCIE, SEC
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