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

By Daniel Nathan and Ana-Maria Ignat April 9, 2014 by Ana-Maria Ignat

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 …

Morrison & Foerster discusses When Legal or Compliance Personnel May Be Subject to Failure to Supervise Liability Under the Securities Laws

By Daniel A. Nathan and Ana-Maria Ignat December 23, 2013 by Ana-Maria Ignat

The SEC has provided some much-needed clarity on the issue of when broker-dealer compliance or legal personnel may be considered to be supervisors. On September 30, 2013, the Division of Trading and Markets (the “Division”) issued a set of eight

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Ana-Maria Ignat

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

Morrison & Foerster discusses When Legal or Compliance Personnel May Be Subject to Failure to Supervise Liability Under the Securities Laws