Elder financial exploitation has been recognized by many state and national agencies as a concern as the population ages and elders shoulder more responsibility for managing their retirement assets under defined contribution plans. For investment advisers and broker-dealers, balancing the protection of customer information and reporting financial exploitation is challenging. Fortunately, state and national authorities
Structured Products
NYSE Proposes Change to the Definition of “Membership Organization” under Rule 2
By Marla Matusic on
Posted in Structured Products
The New York Stock Exchange LLC (“NYSE”) proposes to amend Rule 2 to remove the FINRA or other national securities exchange membership requirement for member organizations. Rule 2 was previously amended in 2007 to require FINRA membership as part of the transition plan for the consolidation of NYSE Regulation, Inc. and the National Association of…
FINRA Announces New Department of Enforcement Structure and Senior Leadership Team
By Marla Matusic on
Posted in Structured Products
Last month’s announcement by FINRA marks the completion of the consolidation of FINRA’s enforcement functions under the leadership of Susan Schroeder. One of the key outcomes of FINRA360, the new structure is designed to ensure a more consistent enforcement program. Schroeder noted, “The consolidation of our enforcement function enables us to better target developing issues…