by commune | Apr 16, 2018 | Other News, Securities
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently published a Risk Alert highlighting common errors advisers make regarding the fees and expenses charged to clients. According to the OCIE, these errors may be violations under the...
by commune | Mar 31, 2018 | Other News, Securities
KYL recently “zeroed” a former financial consultant’s claim for constructive wrongful termination and retaliation in a FINRA arbitration, and delivered a win for Edward Jones & Co., LLC. The former employee, a financial consultant, claimed that Edward Jones...
by Stacey Garrett | Mar 26, 2018 | Other News, Privacy & Data Security, Securities
Privacy and cybersecurity continue to be hot topics for financial services firms in 2018. Securities broker-dealers are already seeing investor claims alleging breach of privacy and loss of data protection rights. Traditionally, securities broker-dealers have...
by commune | Feb 5, 2018 | Other News, Securities
As the average age of Americans increases, regulators and legislators continue to focus on laws designed to protect senior investors. Two recent changes to revised FINRA Rule 4512 and new Rule 2165 give member firms tools to protect seniors and other vulnerable...
by commune | Jan 2, 2018 | Other News, Securities
FINRA is in the process of making substantial changes to the process by which a registered representative can obtain an expungement of customer dispute information from the Central Registration Depository (CRD) system. FINRA has issued Regulatory Notice 17-42...
by commune | Apr 2, 2017 | Other News, Securities
SEC Approves FINRA Rules to Assist Member Firm’s in Combatting the Financial Exploitation of Senior and Other Specified Adults On March 30, 2017, the SEC approved FINRA Rule 2165 (Financial Exploitation of Specified Adults) which permits FINRA Member Firms to place...
