The Law of the Financial Markets from Top Securities Lawyers
Saturday, March 28, 2026
Broker-dealers are required to store and preserve all communications sent and received by their brokers for a period of three years pursuant to Section 17(a) and Rule 17a4 of the Exchange Act. That requirement includes text messages, as one firm recently learned the hard way. The SEC instituted administrative proceedings […]
Whistleblower awards are typically given to individuals who provide new information or leads to the SEC which results in significant sanctions. In November, the SEC has announced an award of over $1.1 million to a whistleblower who did not provide new information for an investigation, but rather provided independent analysis […]
The Securities and Exchange Commission today filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products to… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
The Securities and Exchange Commission today announced that it has named Mike Willis as an Associate Director in the Division of Economic and Risk Analysis (DERA). Mr. Willis will lead DERA’s newly created Office of Data Science and Innovation, which… Read the Full Press Release Have a securities law question? […]
The Securities and Exchange Commission today voted to publish a notice of a substituted compliance application by Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) as well as a proposed order that would conditionally provide substituted… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million. In the first order, the Commission awarded a whistleblower over $3.6 million for providing important information that… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
The SEC Division of Trading and Markets issued a warning letter to broker-dealers operating programs in which they borrow fully paid margin securities from their customers. https://www.findknowdo.com/news/10/23/2020/sec-issues-warning-broker-dealers-borrowing-fully-paid-lending-programs
Today the Securities and Exchange Commission announced the appointment of Renee LaRoche-Morris, Chief Operating Officer, BNY Mellon Investment Management, as a new member of the Asset Management Advisory Committee. Ms. LaRoche-Morris was appointed… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544. […]
The Securities and Exchange Commission today released the agenda for the Monday, Nov. 9, 2020, meeting of its Small Business Capital Formation Advisory Committee, which will be hosted via video conference. The Committee will discuss the Commission… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
The Securities and Exchange Commission today announced an award of over $28 million to a whistleblower who provided significant information that aided the SEC in bringing a successful enforcement action. The whistleblower internally reported… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
