Section 15(a)(1) of the Securities Exchange Act of 1934 makes it unlawful for businesses to effect transactions in, or to induce the sale of any security, unless registered as a broker-dealer. Many people assume that funding platforms under Title II of the Jumpstart Our Business Startups (JOBS) Act must also[…]
From the Blog
So you received a Rule 8210 letter from FINRA requiring you to appear at their New York office to provide testimony under oath (the so called “on the record interview,” or “OTR”). You had hoped that after you had not heard from FINRA when they sent you that earlier document[…]
finLawyer.com serves the finTech industry. FinTech is the industry to watch. Technology for the financial services industry is no longer the sleepy operational backwater at banks and broker-dealers that once was far removed from the action. FinTech will be a disruptive force challenging the traditional bank and broker-dealer models, opening[…]
Speaker, Recent Developments in Securities Enforcement, U.S. Securities and Exchange Commission 2014 Joint Regulatory Conference, West Bonaventure Hotel, Los Angeles, on June 3, 2014.