The New York Department of Financial Services proposed guidance for financial institutions on conducting character and fitness reviews for directors, senior officers and managers.
News & Insights
Maryland, Mississippi and Vermont adopted continuing education requirements for investment adviser representatives based on the North American Securities Administrators Association's Model Rule.
Forty-four state financial regulators settled charges against over 400 mortgage loan originators for false claims on the completion of state and federal annual continuing education requirements.
A broker-dealer entered into settlements with the State of Massachusetts for state registration and supervisory violations. The enforcement action garnered public attention because the firm had employed Keith Gill, better known as "Roaring Kitty," the primary proponent of buying GameStop.
The New York State Office of the Attorney General issued guidance on state registration and filing requirements for brokers, dealers and investment advisers. The new guidance "elaborates" on 2020 rule changes that transitioned filings and payments to standardized national systems.