Broker- Dealer Law Corner

Broker- Dealer Law Corner

Category Archives: Rule 1017

Subscribe to Rule 1017 RSS Feed

FINRA Knows Best – At Least According To FINRA – When It Comes To Hiring Decisions

Posted in FINRA, Hiring practices, Rule 1017
I don’t know how many times I’ve written about FINRA’s efforts over the years to address “rogue brokers,” or what it refers to nowadays more politically correctly as “high-risk brokers.” It doesn’t really matter what blog post you read, or when I wrote it, as they all tell essentially the same story:  FINRA is just… Continue Reading

May I Go Out of Business, Please?

Posted in BDW, CMA, FINRA, Rule 1017
It may be the ultimate example of the heavy price that a BD pays for being subject to FINRA regulation, and it happens all the time. Broker-dealer A decides to cease operations, for whatever reason, so it files a Form BDW (which, technically speaking, is a request by the BD to withdraw its FINRA membership… Continue Reading
.