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T+1 Settlement Cycle: Implications for Investment Advisers | JD Supra
JD Supra· 6 days agoAs discussed below, the amendments and new rule will have implications for many investment advisers. Advisers should therefore review their settlement practices, compliance policies and procedures ...
Fidelity Sales Practices Violated Reg BI, Advisor Says in Whistleblower Suit | ThinkAdvisor
ThinkAdvisor· 1 day agoDistrict Court in Texas’ northern district. Fidelity’s actions have cost Maeker millions in damages...
Broker Dealer Regulatory Digest - April 2024 - 2 | JD Supra
JD Supra· 3 days agoThe rule, approved by the SEC in February, broadens the definition of a dealer to include firms with trading activities that provide liquidity. On April 25, 2024, CFTC announced ...
Top Carta exec David Kim has left the company a few months after the startup quit the secondary...
Fortune via AOL· 6 days agoThe head of Carta’s troubled broker-dealer business has left the company, months after the group was...
Robinhood May Face SEC Enforcement Over Its US Crypto Business
Investopedia· 3 days agoRobinhood Markets (HOOD) said it may face enforcement action from Securities and Exchange Commission...
The Perils of Finder’s Fees (Revisited) | JD Supra
JD Supra· 6 days agoWay back in 2017, one of our earliest posts discussed the legal and financial risks to both the issuer and the finder if an issuer pays a finder’s fee in connection with a sale</ ...
Coinbase Faces New Lawsuit Alleging Investor Deception in Digital Asset Sales - EconoTimes
EconoTimes· 4 days agoCoinbase, the leading US cryptocurrency exchange, is embroiled in a major legal battle. It faces a...
John Cornyn should stick to his gun reforms
Dallas Morning News· 21 hours agoCornyn brokered negotiations in 2022 aimed at keeping guns away from criminals and violent actors but promised, “I will not, under any circumstances,...
JD Supra: Spring Has Sprung for Recent Reg NMS Reporting Changes
JD Supra· 5 days agoLarger broker-dealers will be required to report. Specifically, Firms that introduce or carry 100,000 or more customer accounts must now publish Rule 605 ...
SEC.gov | Tri-Bridge Ventures, LLC and John Francis Forsythe, III
U.S. Securities and Exchange Commission· 2 days agoAs part of their business, Forsythe and Tri-Bridge allegedly engaged in convertible note financing and sold billions of shares of penny stock converted from such notes, generating millions of ...