Morrison & Foerster discusses FINRA Analysis of Broker-Dealers’ Failure to Adequately Supervise Alternative Investment Sales

In March 2014, the Financial Industry Regulatory Authority (FINRA) fined a broker-dealer $950,000 for supervisory deficiencies related to its failure to adequately supervise the sale of “alternative investments.” These investments include a laundry list of products that have been at … Read more

The Marketplace of Ideas: Should the SEC change the rules on blockholder disclosure?

The CLS Blue Sky Blog presents Part II of the third installment of our series, “The Marketplace of Ideas.” Earlier installments on different topics are available here and hereThe intent is to present different perspectives on the same Read more

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Debevoise discusses Temporary No-Action Relief for Swaps Between Eligible Affiliate Counterparties

On March 6, 2014, the Division of Clearing and Risk (the “DCR”) of the Commodity Futures Trading Commission (the “CFTC”) issued a time-limited no action letter, extending the temporary alternative compliance frameworks available to “Eligible Affiliate Counterparties” (as defined in … Read more

Cadwalader discusses Revisions to the Securitisation Framework: Second Consultative Document published by the Basel Committee

The Basel Committee on Banking Supervision (the “Basel Committee”) has published a second Consultative Document containing revised proposals for the Basel securitisation framework (the “Revised Proposals”).[1] The Revised Proposals describe a revised set of approaches for determining the regulatory capital … Read more

Davis Polk discusses SEC Approval of New FINRA Supervision Rules

The following post is based on a memo originally published by Davis Polk & Wardwell on January 8, 2014. The original publication is available here.

Financial Industry Regulatory Authority (“FINRA”) rules require broker-dealer members to establish and maintain a … Read more

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