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Sub practice

Broker-Dealer/Securities Firm Regulation

Our team covers a broad waterfront of issues facing global and national financial institutions engaged in securities transactions within the United States, including foreign and domestic banks, insurance companies, investment advisers and private fund managers. Our clients range from financial institutions specializing in investment banking to market leading clearing firms and prime brokers.

We have extensive experience counseling foreign and domestic financial institutions on issues related to their status as brokers and dealers and helping financial institutions to register with the SEC and to become members of Self Regulatory Organizations (SRO) such as the Financial Industry Regulatory Authority (FINRA). We also assist broker-dealers in developing and revising written compliance policies and supervisory procedures and conduct reviews of their supervisory systems.

We counsel U.S. and international financial institutions, investment advisers and broker-dealers on issues related to compliance with the SEC’s financial responsibility rules, including the Net Capital and Customer Protection Rules, recordkeeping requirements, and financial reporting rules. We also advise with respect to sales practice regulations including suitability, point-of-sale disclosures, gifts and entertainment practices, and compensation structures for representatives.

News and insights

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Publications: 02 October 2023

Regulatory monitoring

Our monthly regulatory newsletter monitors all relevant developments regarding German and European regulatory law in English language.

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Publications: 29 September 2023

Changes to Singapore selling restrictions for the wholesale debt market

The MAS issued a Notice on Business Conduct Requirements for Corporate Finance Advisers on 21 June 2023 that, among other things, imposes a requirement on relevant persons advising on corporate…

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Publications: 26 September 2023

Webinar: New UK APP fraud scheme - managing the impact and mitigating the costs

This summer, the Payment Systems Regulator (PSR) confirmed its new Authorised Push Payment (APP) fraud reimbursement requirements for payment firms.

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ECB building and Frankfurt city skyline

Blog Post: 26 September 2023

Culture matters - The ECBs approach to assessing banks' culture and risk behaviour

A recent speech by Frank Elderson, Vice-Chair of the ECB Supervisory Board, places culture firmly on the supervisory agenda. Mr Elderson considers how culture can drive risk behaviour in banks how the…

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Investigations Insight

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Focusing on the latest trends, risks and developments in business crime and financial services investigations