Expert witnesses called for independent investigations of the FRB and FDIC, greater accountability for regulators and supervisors, and "modernizing" deposit insurance, as the House Financial Services Subcommittee on Financial Institutions and Monetary Policy considers legislative proposals to address bank failures.
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FINRA recommended practices for broker-dealers when conducting investigations of private placement offerings.
A broker-dealer settled FINRA charges for failing to properly monitor outside brokerage accounts opened by its representatives.
A broker-dealer and a former representative settled FINRA charges for suitability and supervisory failings concerning recommendations involving Unit Investment Trusts and preferred stock of a real estate investment trust.
The SEC set a comment deadline of May 30, 2023 for an MSRB rule proposal to (i) extend remote office inspection relief until June 30, 2024 and (ii) remove references to expired pandemic-related relief for brokers-dealers and municipal securities dealers.The proposal was published in the Federal Register.