Blog

Summaries and explanations of the latest regulatory compliance announcements, reports and related stories.

Regulatory Briefs Asgard Team Regulatory Briefs Asgard Team

FINRA Rule 3110 upates

The SEC recently approved FINRA's amended rule proposal ( SR-FINRA-006) to adopt new Supplementary Material .19 (Residential Supervisory Location) under FINRA Rule 3110 which will permit certain broker-dealers to treat any eligible private residence in which an associated person engages in specified supervisory activities as a non-branch location (subject to various conditions and limitations).

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Regulatory Briefs Jon Hurd Regulatory Briefs Jon Hurd

SEC Amends How Broker-Dealers Preserve Electronic Records

The Securities and Exchange Commission (“SEC”) voted to adopt amendments to the electronic record-keeping, prompt production of records and third-party record-keeping service requirements. The amendments will align record-keeping requirements with current technological developments to modernize how broker-dealers (“BDs”) preserve electronic records.

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Regulatory Briefs Jonathan Hurd, CAMS Regulatory Briefs Jonathan Hurd, CAMS

SEC Risk Alert - Examinations Focused on the New Investment Adviser Marketing Rule

The compliance date for the new Marketing Rule is November 4, 2022 (“Compliance Date”). Effective on the Compliance Date, investment advisers may no longer choose to comply with the previous advertising and cash solicitation rules. The SEC staff will be withdrawing certain staff statements related to previous advertising and cash solicitation rules effective on the Compliance Date. Advertisements distributed after the Compliance Date will be subject to the new Marketing Rule. Recently, the SEC published a Risk Alert addressing examinations focusing on the new Marketing Rule.

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