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.
The FINRA Dissident Community: A History (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/4765/bill-singer-finra-dissident/On August 19, 2019, F... Read On
If it wasn't for stupidity, lawyers would have nothing to do for a living. Take today's featured FINRA regulatory settlement. We got a Wall Street vet... Read On
In a recent regulatory settlement, FINRA told Lime Brokerage to put the lime in the coconut and shake it all up. Well, okay, maybe that's not exactly ... Read On
PERSONAL STATEMENT by BILL SINGER, Publisher of the BrokeAndBroker.com Blog and Securities Industry Commentator:FINRA Small Member Firm Peti... Read On
After many years of employment at Wells Fargo, two reps decided to join another firm. Hey, it happens. The new employer offered a substantial upfront ... Read On
FINRA Small Firm Board of Governors Election Ends August 19th. VOTE for LINDE MURPHY (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/4753/linde... Read On