The Securities and Exchange Commission has approved two Financial Industry Regulatory Authority rules that apply to equity and debt research.
The Financial Industry Regulatory Authority proposed to amend FINRA Rule 4210 to establish margin requirements for to-be-announced transactions, specified pool transactions and collateralized mortgage obligations that are issued in conformity with a program of an agency or government-sponsored enterprise (collectively, Covered Agency Transactions).
The Financial Industry Regulatory Authority has issued Regulatory Notice 15-33 to provide guidance on liquidity risk management practices for senior management and risk managers to consider and implement.
Fans of this blog (or, at least, readers of this blog who are fans of Jeopardy) will no doubt remember Alan’s prior post, published a few weeks ago, and discussing a recent case that FINRA’s Department of Enforcement brought against one of our clients.
I have blogged in the past about the thorny issues confronted by broker-dealers and financial advisors when it comes to dealing with elder clients.
FINRA’s New Debt Research Report Rule, or, in Other Words, When the Concept of Managing “Conflicts of Interest” Became Reality
Much like some people (well, me, anyway) enjoy debating what was the first “punk rock” song to go mainstream (Pump It Up, by Elvis Costello, of course), others more erudite than I prefer, instead, to argue about what it was that initially propelled FINRA down its current Enforcement oriented path.
I am currently in the midst of a FINRA examination that is largely focused on the adequacy of the due diligence that my broker-dealer client conducted of a private placement.
FINRA recently sent out targeted exam letters focused compensation practices. The intent of this targeted exam is to assess how firms identify, mitigate and manage conflicts of interest when it comes to compensation paid to registered representatives.
FINRA rules addressing conflicts of interest relating to the publication of equity research reports become effective on September 25, 2015, or December 24, 2015.
I have written before about some of FINRA’s procedural processes that seem strange and unfair.