New FINRA Rule 3110(c)(1), like present NASD Rule 3010, requires members to inspect OSJs and supervisory branch offices every calendar year and non- supervisory branches at least every three years. FINRA decided not to exempt non- branch office locations and offices of convenience, including ...
FINRA is proposing certain rules specific to FINRA members, including (1) an obligation of the member under FINRA Rule 3110 to take reasonable steps to ensure that the Reporting Agent is complying with SEC Rule
SEC Rule 17a-4 & 17a-3 The Securities Exchange Act (SEA) Rule 17a-3 specifies the minimum requirements for broker-dealer records, how long records and documents relating to a broker-dealer’s business, and the format they may be kept. SEC Rule 17a-4 is part of the US Securities ...
The pilot program creates a voluntary three-year remote inspections pilot program to allow eligible member firms to fulfill their Rule 3110(c)(1) inspection obligations remotely, without an on-site visit, subject to specific terms, including: Risk assessments for each location Disqualification of...
For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority ("FINRA"), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Luis Fernando Restrepo submitted a Letter of Acceptance,...
The report also identifies areas of concern for firms subject to Exchange Act Rule 15c2-11 to be mindful of, including the following: failures of systems and controls and written procedures to include publications of “quotations” on all systems that meet the definition o...
New FINRA Rule 3110(c)(1), like present NASD Rule 3010, requires members to inspect OSJs and supervisory branch offices every calendar year an... ED December 被引量: 0发表: 0年 How Widespread and Predictable Is Stock Broker Misconduct? We reconcile widely diverging recent estimates of ...
failed to comply with the firm element of the continuing education rule. Schumacher failed to reasonably discharge his supervisory duties as president and chairman; and document error accounts trades that a floor brokermade. Strasbourger, Pearson, Tulcin, Wolff, Inc.: Censured; Fined $100,...
FINRA reminds firms that fixed income securities sold in compliance with the Exchange Act Rule 144A safe harbor are subject to permanent exemptive relief from Exchange Act Rule 15c2-11, and on November 22, 2024, the SEC issued a no-action letter, without an expira...