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Examinations of Supervision Practices At Registered Investment Advisers

The Office of Compliance Inspections and Examinations’ (“OCIE”) released a National Exam Program Risk Alert related to examinations and supervision practices at Registered Investment Advisers. OCIE's 2016 Examination Priorities include examining compliance oversight and controls of registered investment advisers that have employed or employ individuals with a history of disciplinary events, including individuals that have been disciplined or barred from...
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SEC Approves Amendments to FINRA Rule 4210 (Margin Requirements) to Establish Margin Requirements for Covered Agency Transactions

In Regulatory Notice 16-31, FINRA announced that the SEC approved FINRA’s rule change amending FINRA Rule 4210 to establish margin requirements for Covered Agency Transactions. Covered Agency Transactions include (1) To Be Announced (TBA) transactions, inclusive of adjustable rate mortgage (ARM) transactions, (2) Specified Pool Transactions and (3) transactions in Collateralized Mortgage Obligations (CMOs), issued...
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NASAA Annual Meeting Reveals Partnerships and Progress

The North American Securities Administrators Association (NASAA) 2016 Annual Conference (September 11-13, 2016, Providence Rhode Island), titled “Diversity in Today’s Financial Markets,” provided unique insight into the state regulatory activities affecting both broker-dealers and investment advisers. This annual event brings together NASAA representatives (regulators and law enforcement) from the 50 states, US territories, and Canadian...
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