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Join the Securities Litigation and Enforcement Group on LinkedInFour Partners Join King & Spalding with Regulatory Expertise from FINRA – King & Spalding
King & Spalding today announced that Mirella deRose, Russell Johnston, Richard Margolies and Michael Watling joined as partners in the Government Matters practice and the Securities Enforcement and Regulation team in the New York office. All four partners served as senior attorneys with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement. Johnston, Margolies and […]
Former FINRA SVP and Chief Counsel for Enforcement Joins Katten | Markets Insider
Katten Muchin Rosenman LLP announced today that Susan Light, a highly regarded securities regulatory enforcement leader, has joined the firm as a partner in its Financial Services practice in New York. via Former FINRA SVP and Chief Counsel for Enforcement Joins Katten | Markets Inside
U.S. Finance Watchdog Takes Aim at Cryptocurrency
The Financial Industry Regulatory Authority (FINRA), a self-regulatory body for broker-dealersm has released a regulatory notice to mandate its member to notify the authority if they engage in any cryptocurrency activity. Though the notice outlines what constitutes cryptocurrency activities, it does not detail how FINRA would use these disclosures nor does its website show any […]
FINRA Enforcement Units, Unite! | ThinkAdvisor
…But also on the minds of industry watchers is how the Financial Industry Regulatory Authority is moving along in integrating its two enforcement divisions — now aptly called “One Enforcement” by the broker-dealer self-regulator. Who’s the person to ask? Susan Schroeder, of course, who heads FINRA’s enforcement team. During a recent FINRA Unscripted podcast, she […]
FINRA Enforcement: New Direction for the Regulator – Lexology
The guidance Schroeder conveyed, if acted on, can potentially save firms and individuals a lot of stress, anxiety, money (especially in fines) and reputational damage. Does that mean there will be no more enforcement actions? Of course not. What it does mean is that the leaders of this enforcement program and of FINRA have staked […]
FINRA warns public about fake . . . FINRA – The FCPA Blog
The Financial Industry Regulatory Authority (FINRA) warned about con artists posing as FINRA to make phony investment pitches. Scammers are using FINRA’s name and logo in letters that say FINRA is guaranteeing investments. The letters include a fake signature from FINRA president and CEO Robert W. Cook. It’s actually an advance-fee scam. via FINRA warns […]
FINRA’s Budget, Released for First Time, Shows Revenue Problems
“FINRA is to be applauded for an unprecedented level of transparency into its budgeting process and financial challenges,” Brad Bennett, former FINRA enforcement chief who’s now a partner at Baker Botts in Washington, told ThinkAdvisor. “The 2018 budget underscores the magnitude of the operational hurdles faced by FINRA and the need for significant belt tightening,” […]
FINRA Identifies Specific Areas In Which Investment Firms Can Improve Cybersecurity Programs – Lexology
In December 2017, the Financial Industry Regulatory Authority (“FINRA”) released a report (available here) identifying and discussing observations from recent examinations of broker-dealer members—including observations related to cybersecurity. FINRA recognizes that “[c]ybersecurity is one of the principal operational risks facing broker-dealers.” The most common threats FINRA observed in 2016 and 2017 included phishing and spearphishing […]
Veteran FINRA Enforcer Emily Gordy Joins McGuireWoods in Washington
Emily P. Gordy, who managed enforcement operations at the Financial Industry Regulatory Authority and served as chief regulatory counsel for the nation’s largest independent broker-dealer, has joined McGuireWoods’ commercial litigation practice as a partner in Washington, D.C. via Veteran FINRA Enforcer Emily Gordy Joins McGuireWoods in Washington
Regulators Can’t Keep Up With Wall Street’s Robot Invasion – Bloomberg
“What you really need are computer geniuses who failed as algorithmic traders and are willing to switch sides,” said Brad Bennett, who was head of enforcement at the Financial Industry Regulatory Authority until earlier this year. “You have to be able to deconstruct the code.” via Regulators Can’t Keep Up With Wall Street’s Robot Invasion […]