If any government body can regulate cryptocurrency, it is likely the United States Securities and Exchange Commission (SEC), and with trillions on the line, it seems only a matter of time before the feds put regulations in place. How can the feds regulate crypto? The...
Zinober Diana & Monteverde P.A.
What happens if FINRA accuses us of violating the customer protection rule?
The Financial Industry Regulatory Authority (FINRA) works to hold brokers accountable to their customers. One way they achieve this goal is by enforcing the rules and regulations issued by the United States Securities and Exchange Commission (SEC). But what happens if...
Will FINRA try to regulate crypto?
The Financial Industry Regulatory Authority (FINRA) is prepping to release its 2022 examination priorities. Some notable priorities thus far include how firms are engaging social media influencers to help market their brands, a tightening of rules around options...
SEC accuses electric car company of defrauding investors
The United States Securities and Exchange Commission (SEC) recently accused founder and former CEO Trevor Milton of Nikola, an electric car company, of securities violations. The government agency claims Mr. Milton used media appearances to provide investors with...
Mortgage broker defeats SEC: 3 things to learn
Insider trading cases generally involve using confidential information to help guide decisions to trade on the stock exchange. This practice is illegal and can come with serious penalties like monetary fees and even the potential for imprisonment. We have seen...
Winning At Arbitration
Article by Gregory P. Holder, Retired Judge – Zinober Diana & Monteverde P.A. & Rondal E. Bush – Bush Graziano Rice & Platter, P.A., “Winning At Arbitration,” HCBA Lawyer, Jan – Feb 2022, pp 46-47 Read the article here: https://joom.ag/z8FI/p48
New leadership, new FINRA? What to expect in 2022.
Leadership of an organization can have a direct impact on the group’s culture, outlook, and practices. Changes in leadership structure can result in changes in any of these areas. As a result, it is a good idea for broker-dealers to keep apprised of such changes...
FINRA goes after broker for outside business dealings
Brokers are in the business of getting good deals for their clients. Sometimes, those deals may involve private companies. Moving forward with these deals can be beneficial for all involved if the broker follows the rules. The Financial Industry Regulatory Authority...
FINRA updates rules to allow for brokers to return after an absence
The Financial Industry Regulatory Authority (FINRA) recently announced an update to some of its rules regarding registrants who may have stepped away from the industry for a short period of time. The group specifically states that it added a new program, the...
FINRA fines firm $1M for Failing to supervise brokers
It all started with a customer complaint. In some situations, such a complaint can trigger an investigation by the Financial Industry Regulatory Authority (FINRA), which, in a recent case, was sufficient to warrant such action. FINRA began its investigation against...