Tag: broker-dealers

FINRA’s Guidance to Broker-Dealers on Pandemic Preparedness (coronavirus, COVID-19)

In light of mounting concerns about COVID-19, aka the coronavirus, FINRA recently published FINRA Regulatory Notice 20-08 – Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief. Notice 20-08 provides both guidance on pandemic preparedness and regulatory relief to impacted member firms. Notice 20-08 supplements previous guidance on pandemic preparedness that FINRA published in October 2009 … Continue Reading

FINRA (and selected SEC) regulatory matters at a glance: What compliance officers need to know

Glen Barrentine is Of Counsel in the New York office of Norton Rose Fulbright. His practice focuses broadly on SEC regulated financial service clients, including broker-dealers, securities exchanges, municipal advisors and investment advisers. Glen frequency represents clients in connection with SEC and FINRA enforcement proceedings and other contentious regulatory inquiries, purchases and sales, and the preparation … Continue Reading

SEC Commissioner Gallagher Criticizes Department of Labor Fiduciary Proposal

On July 21, 2015, SEC Commissioner Daniel Gallagher submitted a strongly worded comment letter to the Department of Labor (“DOL”) reflecting his views on the DOL’s proposed rules on fiduciary duties and conflict of interest requirements for retirement accounts.  Although Commissioner Gallagher stated that he believed the DOL rule making was “a fait accompli” and … Continue Reading