Tag: brokerdealer

  • SEC proposes modifications to Dealer-Supplier Buyer Safety Rule

    The Securities and Alternate Fee (SEC) right now proposed amendments to Rule 15c3-3 (the Buyer Safety Rule) to require sure broker-dealers to extend the frequency with which they carry out computations of the online money they owe to clients and different broker-dealers (referred to as PAB account holders) from weekly to each day. Web money…

  • FINRA expels broker-dealer SW Monetary

    The Monetary Business Regulatory Authority (FINRA) introduced right this moment that it has expelled broker-dealer SW Monetary for a number of violations, together with making misrepresentations to clients in its gross sales of personal placement choices of pre-initial public providing (pre-IPO) securities, churning buyer accounts, and failing to oversee its representatives. In a associated settlement,…