Regulators Calling Your Clients? Maybe Yes, Maybe No. - Anyone who has been involved in an SEC or FINRA investigation into a sales practice issue has experienced the infuriating problem of the Staff calling the firm's customers as part of their investigation. While they claim to have every right to do...
Longfin Accountants Resign - On Thursday, April 5, Longfin said it was notified that public accounting firm CohnReznick would no longer work with the company, effective immediately, according to an 8-K filing Monday with the SEC. The accounting firm also told Longfin "that...
Unusual Confidentiality Provision in Sexual Harassment Settlement - The NYT is reporting that there are six publicly known settlements involving former Fox News star Bill O’Reilly , five for sexual harassment and one for verbal abuse, that total about $45 million. According to the article the settlement...
Recruiters Roundtable: All quiet on the Broker Protocol front? | On Wall Street - Recruiters Roundtable: All quiet on the Broker Protocol front? On Wall Street has released the first of three transcripts of a round table discussion with financial industry recruiters. The discussion is interesting, and provides an insight...
Ladenburg Partners with The W Source™ to Facilitate Further Growth of Female Financial Advisors’ Businesses | Business Wire - Ladenburg Partners with The W Source™ to Facilitate Further Growth of Female Financial Advisors’ Businesses Alliance Between Ladenburg Institute of Women & Finance and The W Source™ Seeks to Strengthen Initiatives That Support Women in...
SEC News - Fraud, Asset Freeze, and a Barred Adviser - SEC Charges Company and Executives in Oil-and-Gas Offering Fraud The SEC has charged a Dallas-based oil-and-gas company and two of its executives with defrauding investors out of at least $950,000 through a string of fraudulent oil-and-gas...
SEC Halts Fraudulent ICO - ICO Investment? SEC Halts Unregistered ICO New investments bring new frauds, or sometimes just variations on a theme.. This true with cryptocurrency, demonstrated by the SEC's recent charges against two co-founders of a purported financial...
SEC Proposes Targeted Changes to Public Liquidity Risk Management Disclosure - The SEC has proposed amendments to public liquidity-related disclosure requirements for certain open-end investment management companies. Under the proposal, funds would discuss in their annual report the operation and effectiveness of their...
SEC News - Gatekeeping Failures, $14 Million Penalty, and Illegal Brokering - Merrill Lynch Charged With Gatekeeping Failures in the Unregistered Sales of Securities The SEC settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. for its failure to perform required gatekeeping functions in the unregistered...
Lawmakers Push Back on Potential SEC Mandatory Arb Clauses | ThinkAdvisor - Lawmakers Push Back on Potential SEC Mandatory Arb Clauses | ThinkAdvisor : "Twenty-six Democratic members of the House Financial Services Committee pressed Securities and Exchange Commission Chairman Jay Clayton Monday to not reverse the...