16 Thus, a BD should be able to provide such information to its custom- ers without triggering suitability obligations, so long as an explicit recommendation is not made to the customer.Regulatory Notice 11-02 provides some guid- ance in...
On April 20, 2010, The Financial Industry Regulatory Authority, known as FINRA, issued Regulatory Notice 10-22 setting forth guidance for its member firms concerning their obligations and requirements for selling securities in private placements,including PIPEs, under Regulation Dof the Securities Act o...
Regulatory Notice 22-05 notes that this expansion of the rule seeks to protect Specified Adults against the significant financial consequences of executing a securities transaction, including surrender charges, adverse tax consequences, or the inability to regain access to an investment...
(other than in an Excluded Registration), the Company shall, at such time, promptly give each Holder notice of such registration. Upon the request of each Holder given within twenty (20) days after such notice is given by the Company, the Company shall, subject to the provisions of ...
If approved by the SEC, FINRA’s proposed Rule 6500 Series would go into effect 45 days after the May 7, 2024, publication of FINRA’s Notice of Proposed Rulemaking in theFederal Register— or on June 21, 2024. TheFederal Registerpublication also triggered the ...
the SEC also published a concept release on the electronic corporate bond and municipal securities market as part of the SEC’s review of the regulatory framework for fixed income electronic trading platforms in response to recommendations from the FIMSAC.35Do members have views on whether the chan...
Format Changes and Timeline On November 15, 2021, FINRA/NYSE TRF will begin supporting timestamps with up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA's equity trade report rules. Please refer to FINRA Regulatory Notice 20-41 for additional information ...
FINRA — a self-regulatory organization that oversees brokerage firms and their registered representatives — said it fined Robinhood $57 million and ordered the stock trading app to pay nearly $13 million in restitution to thousands of clients. "FINRA considered the widespread ...
1. No compensation → no notice would need to be made -Unless serving as a role of officer or director or owning interest in another financial services company 2. BD's permission is not a regulatory requirement -Firm does have the right to reject outside affiliation if it feels conflict of...
LeBlanc borrowed $20,000 from a customer, signed a promissory note without prior written notice to his member firm and without obtaining pre-approval from the firm�s chief executive officer. LeBlanc never provided any notice, orally or in writing, to the firm concerning his borrowing arrangemen...