What is the SEC focusing on in 2021?

You may be wondering if you are on the list for an exam this year. Is it due time for your firm or are there any flags that are putting you on their radar? We’ve compiled a list of the priorities and focus that the SEC will have for 2021:   Retail Investors, Including Seniors […]

“Law without penalty is advice.”

The Securities and Exchange Commission recently announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on behalf of its customers. FINRA and CFTC also announced settlements with Interactive Brokers related to anti-money laundering failures […]

What violations are catching FINRA’s attention?

Quarantine doesn’t slow down suitability violations. FINRA is consistent in their review of unsuitable recommendations. Despite this being a hot topic for FINRA and all the cases they consistently have, there are violations happening at an alarming rate. Here are the main points to consider:   1: Review your WSPs for suitability and make sure […]