Category: Securities Industry Regulatory Defense

Enforcement Report Issued by State Securities Regulators Emphasize RIAs

The North American Securities Administrators Association (NASAA) recently released its Enforcement Report for 2012. A copy can be found here. NASAA is an association primarily comprised of state securities regulators. Through the association, its members engage in multi-state enforcement actions and other collaborative activities. NASAA’s Enforcement Section tracks trends in securities fraud and oversees the …

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FINRA Exec Lays Out FINRA’s Enforcement Agenda

On October 24, 2012, Susan Axelrod (FINRA’s executive vice president, member regulation sales practice) spoke at PLI’s seminar for broker-dealer regulation and enforcement. Broker-dealers and registered representatives should take note because FINRA’s enforcement agenda was made clear. Issues of concern for FINRA include: Cyber Security FINRA has seen an uptick in instances where a customer’s …

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