NASAA Says FINRA’s Outside Activities Rule Could Leave Investors Exposed
NASAA urged the SEC to toughen FINRA’s Rule 3290 proposal, warning that side businesses and private deals could evade broker-dealer oversight.
Commonwealth’s SEC Win Shows Why Disclosure Cases Are Getting Harder To Prove
Commonwealth resolved a long-running SEC conflict-of-interest case for $5M after a $93M judgment was vacated on appeal.
LPL Avoided A Cash Sweep Penalty. That Does Not End The Client Cash Debate
LPL avoided an SEC enforcement action over its cash sweep program, but lawsuits, client-cash scrutiny and revenue questions remain.