The Compliance Digest

Get expert compliance tips and up-to-date regulatory news.

Top Takeaways from the 2018 FINRA Conference

Each year, the FINRA annual conference gathers together a diverse network of compliance professionals and provides them with the opportunity to discuss the latest regulatory developments and FINRA priorities. Provided in this article are highlights from the conference. Read More

Rep Fined $20K for Blockchain-Related OBA

A registered representative from Montrouge, France was fined $20,000 and suspended from association with any FINRA member in all capacities for two years due to the entry of findings that he engaged in an outside business activity involving blockchain technology without providing prior notice to his member firm. Read More

Halfway Through the Year, Halfway to Compliance?

This article walks you through great tips on how to prioritize work and meet those end-of-year compliance deadlines. Read More

SEC Launches Investor Protection Search Tool

Move over BrokerCheck – the SEC has recently launched an online search feature that enables investors to research whether the person trying to sell them investments has a judgement or history of enforcement actions. Read More

Municipal Advisor Charged with Fiduciary Violation

Earlier this month, the SEC announced it charged a registered municipal advisor and its owner with defrauding their client, a Texas school district, in connection with multiple municipal bond offerings. Read More

Top Six Fee/Expense Compliance Issues for RIAs

The SEC’s exam division recently released a Risk Alert detailing the top six compliance failures relating to fees and expenses charged by investment advisors, as identified through client deficiency letters. Read More

CCO Barred for Soliciting Backdated OBAs & PSTs

The sanction was based on findings that the CCO directed a registered representative of his member firm to solicit backdated outside business activity and private securities transaction forms and then submitted the forms to FINRA examiners without disclosing the backdating of the forms. Read More

FINRA Pressed for Sexual Harassment Data at Firms

Senator Elizabeth Warren wants regulators to make sure Wall Street isn’t dodging the #MeToo movement. Last month, the Massachusetts Democrat and two other senators asked FINRA and the SEC for data on the prevalence of sexual harassment abuse in the industry. Read More

Top Five FINRA Fines from 2017

While fines issued by FINRA may have dropped significantly in 2017, according to Eversheds Sutherland’s annual report, 2017 was a record shattering year for restitution, resulting in the fourth highest total sanctions assessed by FINRA over the past 10 years. Read More

Three Important Training KPIs You Should be Tracking

In this blog, we’ll look at three key performance indicators (KPIs) that can provide data to back up the value of your training program. Read More