Law Blog Category: FINRA Compliance

FinCEN Updates Due Diligence Rules

September 06, 2016 in Due Diligence, FINRA, FINRA Compliance

On May 11, 2016, the Financial Crimes Enforcement Network (“FinCEN”) issued new final rules under the Bank Secrecy Act requiring financing institutions, including brokerage firms, to adopt additional anti-money laundering (AML) procedures that include specific due diligence and ongoing monitoring requirements related to customer risk profiles and customer information.  In addition, the new rules require Read the full article…

FINRA Proposes New Category Of Broker-Dealer For “Capital Acquisition Brokers”

SEC Advisory Committee Recommendations Related To Finders

SEC Supports FINRA’s Rule 6490 Authority Over Corporate Actions

FINRA Seeks to Eliminate the OTCBB and Impose Regulations on the OTC Markets

The ECOS Matter; When Is A Reverse Split Effective?