LexisNexis® Legal Newsroom
SEC Releases Study on Fiduciary Standard for Broker-Dealers

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...

Are You a Broker or a Finder? Does It Really Matter?

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...

FINRA Rule Regarding Payments to Foreign Agents

Earlier this week, FINRA Rule 2040 (the “Rule”) went into effect. The Rule requires all FINRA members to disclose to investors all fees and commissions paid to foreign agents and to receive written acknowledgement by investors that they are aware of these fees. This will have an impact on...