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.
Featured in today's FINRA regulatory settlement is the hot-button issue of a stockbroker receiving a loan from a customer, who was a widow. Further, t... Read On
For many FINRA member firms and associated persons, the self-regulatory-organization's response to infractions of its rules may be the imposition of a... Read On
When is "enough" enough? When does "reasonable" become "unreasonable?" How many times does it take before "infrequent" is deemed "frequent?" In ... Read On
Did a Federal Court Mistakenly Deem FINRA a Federal Prosecutor? (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/5029/finra-government-prosecuto... Read On
After a seven-week trial in the United States District Court for the Northern District of California ("NDCA"), Defendant Melvin Shields was found guil... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellDriving That ESOP TrolleyWho hasn't heard of the Trolley Pro... Read On
In 2005, Ty Storlie began working as an external wholesaler in Prudential Insurance of America's annuity business. In November 2017, when Storlie... Read On