Rule 3110

Problems with Registration of Registered Reps, Part 1: Does Anyone Actually use BrokerCheck?

By Alan Wolper on April 14, 2015

I read with great interest the recent flurry of articles in the financial news, including one appearing on the front page of the Wall Street Journal, about the supposed flaws with FINRA’s BrokerCheck due to the fact that it omits from public view some items, e.g., certain misdemeanor convictions and financial issues (unsatisfied liens…

FINRA’s Hiring Requirements Under Rule 3110: Don’t Trust and Verify

By Alan Wolper on April 14, 2015

Posted in FINRA, Form U-4, Rule 3110

FINRA Rule 3110 is the new supervision rule, of course, replacing old NASD Rule 3010. Most of it became effective on December 1, 2014, but, certain parts will only become effective on July 1, 2015. One of the latter sections is 3110(e), which addresses a firm’s obligation to investigate anyone being considered for registration, and…

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Broker-Dealer Law Corner

Rule 3110

Problems with Registration of Registered Reps, Part 1: Does Anyone Actually use BrokerCheck?

FINRA’s Hiring Requirements Under Rule 3110: Don’t Trust and Verify

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