FINRA's Borrowing Rule contemplates that an actual loan occurred and that the registered person failed to obtain prior firm approval for that loan. All of which presents us with the conundrum of whether you can properly charge a registered person with failing to provide prior notice to an employer firm about a proposed loan that never happened.
VOTE FOR STEPHEN KOHN for 2020 FINRA Small Firm GovernorOn August 7, 2020, the Financial Industry Regulatory Authority ("FINRA") will conduct its annu... Read On
9Cir Tames Sharemaster After Epic Battles With FINRA and SEC (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/5318/sharemaster-feigenbaum-f... Read On
Come with me as we journey back in time some eleven years to December 2009, when FINRA member firm Sharemaster submitted its 2009 annual audit... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellGood, Bad and Ugly"Alas, poor Yorick!" says Hamlet. "I knew ... Read On
A recent FINRA regulatory settlement shines a harsh light on problems involving the delicate interplay between investment banking and research. As mos... Read On