Reg SCI Gets A 'Yes But' From SEC Commissioner Aguilar
On March 7, 2013, the SEC proposed Regulation SCI ("Reg SCI"), a scheme of new rules requiring certain key market participants to have comprehensive policies and procedures in place surrounding their technological systems. In lieu of the current voluntary system of compliance, Reg SCI (which stands for "Systems, Compliance and Integrity") would [...]
Oral Customer Complaint Expunged From Broker's Record
In a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim filed in May 2011, Claimant Lureen asserted that his former member firm had improperly and erroneously filed a customer complaint with the Central Registration Depository ("CRD"). In the Matter of the FINRA Arbitration Between Brian Keith Lureen, [...]o