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Navigating the financial industry’s regulatory landscape can be complex. Understanding FINRA AWC regulations is crucial for broker-dealers. FINRA, or the Financial Industry Regulatory Authority, uses AWCs, or Acceptance, Waiver, and Consent, as a key enforcement tool. This tool helps maintain the integrity of the financial markets. In this article, we’ll delve into the intricacies of […]
At Bakhtiari & Harrison, we believe that the cornerstone of any successful investment strategy is rooted in robust due diligence. Investors trust that broker-dealers will thoroughly vet the products they recommend, ensuring their clients’ financial security. Unfortunately, as recent findings have shown, not all firms meet these critical responsibilities. The Financial Industry Regulatory Authority (FINRA) […]
On December 7, 2018, the Financial Industry Regulatory Authority (“FINRA”) issued a comprehensive report (“Report on FINRA Examination Findings”) which “focuses on selected observations from recent examinations that FINRA considers worth highlighting because of their potential significance, frequency, and impact on investors and the markets, especially regarding Due Diligence. This report serves as a critical […]
In the Commonwealth of Massachusetts v. Securities America Inc, the United States is seeing the first instance of a state regulator bringing an enforcement case against a company over private placement deals. This case stands as a significant turning point in the scrutiny of financial dealings and the responsibilities of investment firms and underscores the […]
James Shorris, executive director of enforcement at the Financial Industry Regulatory Authority (FINRA) has been quoted by Investment News as saying that enforcement cases on multiple private placement deals can be expected to begin by next year. Private placement memorandum (PPM) deals, also known as Reg D offerings, have come under increased scrutiny after enjoying […]