National Senior Investor Initiative Report

FINRA and the SEC’s Office of Compliance Inspections and Examinations (OCIE) (collectively, the “Staff”) released the National Senior Investor Initiative (the “Report”) cautioning broker-dealers to reexamine their policies and procedures related to senior investors 65 years or older. The Report discusses strategies for broker-dealers to utilize when deciding which securities to recommend to senior investors. The Report focused on the…

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FINRA Regulatory Notice 15-09

FINRA recently released Regulatory Notice 15-09 (the “Notice”) to provide guidance on supervision/control practices for member firms and market participants using algorithmic trading strategies (including high frequency trading). According to the Notice, algorithmic strategies account for a substantial portion of trading activity in U.S. markets. While member firms engaging in algorithmic strategies are subject to SEC and FINRA rules, FINRA’s…

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