by Hillel T. Cohn
On January 21, 2011, the
Securities and Exchange Commission ("SEC") released its
Congressionally mandated study on the effectiveness of current legal and
regulatory standards for broker-dealers and investment advisers (the
"Study"). The Study was prepared by the...
I previously covered regulations relating to those who broker securities transactions and get compensated a "success" fee (a recurring question that comes up periodically in my practice). Such persons have to register with the SEC as broker-dealers prior to conducting any such activities. Here...