Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for financial services and regulatory law articles
New CFTC Guidance Offers a Roadmap for Reduced Fines
Author: Paul A. LiebermanDate: November 12, 2020
The Commodity Futures Trading Commission (CFTC or Commission) recently issued new Guidance that makes it clear that companies will be rewarded for good behavior. The CFTC’s Division of Enforcement Guidance specifically explains how companies that self-report violations, cooperate with investigators, and remediate their issues can qualify for a substantial reduction of penalties in subsequent enforcement proceedings.
CFTC Release No. 8235-20 announced that Guidance on factors used in evaluating corporate compliance programs would be published in the Agency’s Enforcement Manual. A prior Release, 8165-20, memorialized existing CFTC enforcement practice in recommending civil monetary penalties (CMPs). These Releases outline the CFTC’s evaluative approaches to penalty recommendations and include:
Key Takeaways from FinCEN’s AML Enforcement Guidance
The Financial Crimes Enforcement Network (FinCEN) recently issued the first of its kind guidance describing its enforcement approach to enforcing...
FINRA Wants to Know If Broker-Dealers Are Involved in Digital Assets
The Financial Industry Regulatory Authority (FINRA) is ‘encouraging’ broker-dealers to keep it informed about their activities involving digital assets... The...
Client Alert: SEC and FINRA issue Regulatory Relief During COVID-19 Pandemic
On March 23, 2020, the National Society of Compliance Professionals (“NSCP”) convened regulators and industry experts to discuss regulatory guidance...
Third Circuit Rules Broker’s Forum Selection Clause Doesn’t Override FINRA Arbitration
The Third Circuit Court of Appeals Recently Held that a Forum Selection Clause in a Brokerage Agreement Doesn't Negate a...
What to Know About New FINRA Sanction Guidelines
June 11, 2018
FINRA Recently Announced Revisions to its Sanction Guidelines On May 2, 2018, The Financial Industry Regulatory Authority (FINRA) announced revisions...
What The FINRA Rule 2232 Amendments Mean
May 31, 2017
SEC approves Amendments to Require Mark-Up/ Mark-down disclosure on confirmations for trades with retail investors in Corporate and Agency Bonds...
FINRA Publishes New Social Media Guidance
May 24, 2017
To Keep Pace with the Increasing Popularity of Social Media, FINRA Publishes New Social Media Guidance Brokers and advisers increasingly...
SEC and FINRA Name Cybersecurity Top Enforcement Priority
February 10, 2017
SEC and FINRA named cybersecurity as a top enforcement priority for 2017 Registered financial advisers and broker dealers should expect their cybersecurity...
FINRA Shuts Down Crowdfunding Portal
December 29, 2016
FINRA recently expelled crowdfunding portal uFundingPortal (UFP) The Financial Industry Regulatory Authority (FINRA) recently expelled crowdfunding platform uFundingPortal (UFP) LLC. It marks...