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                  • October 18, 2019

                    U.S. House of Representatives Passes Bill Concerning Disclosure Testing under Reg BI

                    U.S. House of Representatives passed a bill requiring certain disclosure testing under the SEC's proposed Regulation Best Interest.
                  • May 07, 2019

                    SEC OCIE Director Highlights Risks to Retail Investors

                    SEC Office of Compliance Inspections and Examinations Director Peter Driscoll highlighted key risks facing retail investors caused by bad actors and poor internal controls.
                  • January 22, 2019

                    FINRA Identifies 2019 Risk Monitoring and Examination Priorities

                    FINRA identified risk monitoring and examination priorities for 2019.
                    mark.highman@cwt.com's picture
                    Commentary by Mark Highman
                  • September 10, 2018

                    SEC Grants FIF Exemption from Issuing Confirmations of Orphaned Fractional Share Trades

                    The SEC Division of Trading and Markets granted the Financial Information Forum and its registered broker-dealer members an exemption from the requirement to issue trade-by-trade confirmations for orphaned fractional share trades.
                  • August 16, 2018

                    MSRB Offers Guidance to Dealers on Internal Compliance Controls

                    In a Compliance Advisory, the MSRB highlighted several factors for broker-dealers and municipal securities dealers to consider when evaluating internal policies and procedures.
                  • July 26, 2018

                    MSRB Issues Compliance Resource on Trade Markups

                    The MSRB provided an additional resource to assist dealers in complying with their obligations under new disclosure rules on markups and markdowns on municipal securities transactions.
                  • April 04, 2018

                    MSRB Provides Additional Educational Materials on Mark-Up Disclosures

                    MSRB published investor education materials on mark-up and mark-down disclosures in municipal securities trade confirmations. The materials provide additional guidance for complying with new rules scheduled to take effect May 14, 2018.
                  • March 27, 2018

                    FINRA and MSRB Update FAQs for Bond Confirmation Disclosures

                    FINRA and the MSRB updated FAQs regarding confirmations for fixed-income transactions.
                    nihal.patel@cwt.com's picture
                    Commentary by Nihal Patel
                  • July 13, 2017

                    FINRA and MSRB Issue Guidance on New Trade Confirmation Requirements

                    FINRA and the MSRB issued guidance on new confirmation disclosure requirements that apply to transactions with retail customers in corporate debt, agency debt and municipal securities.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • March 24, 2017

                    FINRA Explains GASB 2017 Accounting Support Fee

                    FINRA reminded member firms that funding for the Governmental Accounting Standards Board ("GASB") comes from the GASB Account Support Fee, collected on a quarterly basis from member firms that report trades to the MSRB.
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