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.
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News and insights
Publications: 04 April 2024
Deconstructing Crypto Episode 10: SBF, AI-Washing and Major Case Developments
In episode 10 of Deconstructing Crypto, Todd Fishman and Gene Ingoglia review the sentencing of FTX founder Sam Bankman-Fried, discuss the SEC’s settlement with two investment advisors over alleged…
Blog Post: 04 April 2024
EU court’s judgment sheds new light on how the ECB should apply national administrative measures
The General Court of the European Union recently delivered its judgment on a dispute between an Austrian bank (BAWAG) and the ECB over the imposition of an administrative measure for breaching the…
Publications: 03 April 2024
The PRA has published its final policy on the requirements for non-systemic UK banks and building societies to prepare for a solvent exit. The new rules require all firms in scope to prepare for an…
Publications: 10 January 2024
Wealth management by "family offices" in Poland and the licensing requirements
In recent years, there has been an increased interest in Poland in the services of so-called "family offices", ie private wealth management.
Recognition
Utilizes an international platform to assist both US clients with foreign broker-dealer issues and foreign clients with broker-dealer work in the USA. Acts for a variety of financial institutions on the full range of broker-dealer and securities compliance and regulation.
Chambers USA, 2014