Dodd-Frank Broker-Dealer
CFTC Reiterates that “Wash Trades” Are “Grave Violations” in Penalizing Two Experienced Traders for Wash Trading
Broker-Dealer, Energy On Monday, April 29, the Commodity Futures Trading Commission reiterated that wash trades (transactions without intent to take genuine, bona fide positions in the market, such as simultaneous purchases and sales designed to negate each other so that there are no changes in financial position) are “grave violations” when they penalized two traders $400,000 and [...] Read more →
Broker-Dealer Due Diligence and FINRA Exam Priorities
Broker-Dealer, Consumer Protection, Private Equity FINRA Chairman and CEO Richard G. Ketchum gave a speech on April 9, 2013 as part of the National Compliance Outreach Program for Broker-Dealers. Mr. Ketchum addressed FINRA’s... Read more →
Final Red Flags Rules Adopted by SEC and CFTC
Broker-Dealer, Consumer Protection, Derivatives, Energy, Investment Advisers, Private Equity Today the CFTC and the SEC jointly issued final rules that require regulated entities to adopt programs designed to prevent identity theft – so-called “red flags” rules.... Read more →
The JOBS Act Turns One
Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities April 5, 2013 marked the one-year anniversary of the passage of the JOBS Act. Here’s a roundup of a few of the media outlets that took the occasion as an opportunity to... Read more →