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19 Results
Shea O. Hicks
Insights
Sep 07, 2023
Sep 07, 2023
Call for Vacatur of Massachusetts’ Fiduciary Duty Standard for Broker/Dealers
Key Takeaways:
The Massachusetts Supreme Judicial Court upheld the fiduciary duty standard of care imposed on broker/dealers by the Commonwealth of Massachusetts on August 25, 2023.
Below we explain…
Insights
Oct 20, 2022
Oct 20, 2022
Implications of FINRA’s Recently Released 2022 Sanction Guidelines
Key Takeaways:
Last December, BCLP’s Financial Services Disputes and Investigations Team issued an alert discussing the Sanction Guidelines issued by FINRA on October 20, 2021. A copy of that alert…
Insights
Jun 06, 2022
Jun 06, 2022
The SEC’s Continued Efforts to Dive Feet First into Climate Control and ESG Initiatives
On May 25, 2022, the U.S. Securities and Exchange Commission (“SEC”) provided notice of proposed rulemaking aimed at Investment Advisers (“Advisers”), Investment Companies and Business Development…
Insights
Mar 15, 2022
Mar 15, 2022
FINRA Requests Information from Member Firms Related to the Sale of Complex Products by May 9, 2022
On March 8, 2022, FINRA released Regulatory Notice 22-08 expressing continued concerns related to the sale of complex products and options (“complex products”) to retail investors.The expressed…
Insights
Mar 01, 2022
Mar 01, 2022
The SEC’s Recent Observations from Examinations into Private Fund Advisers
On January 27, 2022, the SEC released a Risk Alert from the Division of Examinations (“EXAMS”), wherein it reported concerns noted during its recent examinations of investment advisers who manage…
Insights
Dec 20, 2021
Dec 20, 2021
The SEC’s Recent Observations from Examinations into Advisers’ Fee Calculations
Key Takeaways:
On November 10, 2021, the SEC released a Risk Alert which provides observations from recent examinations into advisers’ fee calculations. A copy of that Alert can be found HERE.
In…
Insights
Dec 06, 2021
Dec 06, 2021
Observations from a Review of FINRA’s 2021 Sanction Guidelines
Insights
Nov 22, 2021
Nov 22, 2021
On November 9, 2021, the SEC released a Risk Alert from the Division of Examinations which provides observations from recent examinations into advisers that offer electronic investment advice. A copy…
Insights
Oct 12, 2021
Oct 12, 2021
The Song Remains the Same – FINRA’s Riff on High-Risk Brokers and Firms
Key Takeaways:
On September 28, 2021, FINRA released Regulatory Notice 21-34 which introduces additional new rules aimed at addressing high risk or “recidivist” brokers and the member firms that hire…
Insights
Aug 30, 2021
Aug 30, 2021
Key Takeaways:
This alert is intended to supplement our prior May 11th alert titled “Through the Issuance of New Rules Aimed at Recidivist Brokers and the Firms That Hire Them, FINRA Loudly Exclaims…
Insights
Aug 17, 2021
Aug 17, 2021
Supervision of Vendors When Outsourcing – The Buck Stops with FINRA Member Firms
Key Takeaways:
On August 13, 2021, FINRA issued Regulatory Notice 21-29 (“RN 21-29”) to remind member firms that they must establish and maintain an adequate supervisory system, including written…
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