Sutherland

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  Compliance Officers Behaving Badly

  By Melanie Waddell, AdvisorOne  |  April 5, 2013

  The law firm Sutherland found a bevy of violations during its annual look at SEC and FINRA disciplinary actions on chief compliance officers and in-house counsel for BDs and advisory firms.

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  FINRA Launches Conflict-of-Interest Sweep of BDs

  By Melanie Waddell, AdvisorOne  |  August 9, 2012

  FINRA says the sweep is just a way to “better understand” BDs' practices, but lawyers with BD clients suggest enforcement actions may be brewing.

• Broker Suitability Rule Takes Effect

  By Marlene Y. Satter, AdvisorOne  |  July 24, 2012

  A new FINRA rule on suitability of recommendations by brokerages and brokers to customers—and to prospective customers—took effect on July 9, and with it come a number of issues of which firms and advisors alike need to be aware.

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  Brokers, Get Ready: Suitability Rule Set to Take Effect

  By Marlene Y. Satter, AdvisorOne  |  July 5, 2012

  Firms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.

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  SEC’s Gallagher: Supervisor Definition Remains ‘Disturbingly Murky’

  By Melanie Waddell, AdvisorOne  |  February 27, 2012

  SEC Commissioner Daniel Gallagher signaled that he’d like the securities regulator to develop “clearer guidance” on the issue.

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  Former SEC Compliance Chief, State Securities Regulator Hit Compliance Hot Buttons

  By Marlene Y. Satter, AdvisorOne  |  January 27, 2012

  At the FSI OneVoice 2012 conference in Orlando, a panel including John Cronin, securities director for the state of Vermont, and former SEC official John Walsh, focus on the recently announced joint SEC-FINRA effort to examine BD branches.

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  New Tool for BDs to Meet FINRA Rule 2111 on Suitability Standards

  By Marlene Y. Satter, AdvisorOne  |  January 20, 2012

  Ipreo launches new compliance certificate to meet revised suitability standard, establishing a BD's ability to exercise independent judgment.

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  Confusion About New FINRA Rule Requiring Back-Office Staff Exams—Compliance Watch

  By Melanie Waddell, AdvisorOne  |  July 15, 2011

  Two areas of uncertainty remain for BDs regarding FINRA's new rule requiring operations personnel to take a FINRA exam: which personnel must take the exam and which exam they will take.