Category Archives: Standard of Care

DOL Delays Enforcement of Fiduciary Obligations on Rollover Advice; NASAA 2020 Enforcement Trends; FINRA Encourages AML Program Reviews

November Regulatory Updates from Cari Hopsfenperger at Foreside.

Topics include:

Read more here.

Shaken, Stirred and Sanctioned: SEC, FINRA and 007 Enforcement Actions

If you think about it (through, say, X-ray sunglasses), James Bond movies are like securities enforcement actions: good guys, bad guys, government agencies, self-regulators (of sorts), rules, compliance officers (sometimes referred to as Dr. No), technology, money, and opening credits music. (Well, maybe not the latter.)

In this month’s enforcement update in NSCP Currents, starring Bond, James Bond, 007, British secret service agent and the hero of multiple books and 25 movies, Brian Rubin and Bria Adams review SEC and FINRA enforcement actions brought in August and September.

Mississippi Sends IARS Back to School; IARD And CRD Renewal Season Starts; Regulators Provide Tips On Vendor Due Diligence, And Scary Stories From SEC On Conflicts Of Interest

October Regulatory Updates from Cari Hopsfenperger at Foreside.

Topics include:

Read more here.

SEC SCHOOLS ADVISORS ON BEST INTEREST OBLIGATIONS; “TO DO” LIST FOR FIXED INCOME PRINCIPAL AND CROSS TRADES; COMPLEX PRODUCT AND FORM CRS FAILS

September Regulatory Updates from Cari Hopsfenperger at Foreside.

Topics include:

Read more here.

You Can’t Handle the Truth: A Few Good Enforcement Actions from the SEC and FINRA in July 2021

From Brian Rubin and Amanda Oliveira in this month’s column for NSCP Currents:

As this year marks the 30th anniversary of the filming of the movie A Few Good Men, we thought it would make sense to revisit that film, which involved “honor, code, loyalty,” trials, good guys, bad guys, and moral ambiguity. In other words, it involved most of the elements we regularly see in SEC and FINRA enforcement cases. And it involved one of the most iconic speeches ever to appear in a movie.  (For those who haven’t seen the movie, the speech involved handling—or the inability to handle—the “truth.”)

Can you handle the truth about the SEC and FINRA enforcement actions brought in July 2021. . . Read more here.