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.
I'm told that Wall Street is a highly regulated place although I'm not quite sure just what constitutes Wall Street these days. The old Financial Dist... Read On
Sometimes you're wrong. Frankly, we're all wrong sometimes. In a recent FINRA arbitration, we have a registered representative who was wrong. To his c... Read On
In a FINRA Arbitration Statement of Claim filed in August 2021, associated person Claimant Entwistle sought an expungement of information about a sett... Read On
Troubling FINRA Regulatory Case: Quis custodiet ipsos custodes? (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/6097/finra-glendale/Today's Bro... Read On