Writing

FINLAW: Online Funding Platforms Will Encounter More Regulatory Scrutiny in 2019

See my article appearing in Crowdfundinsider.com at https://www.crowdfundinsider.com/2019/01/143962-caution-online-funding-platforms-will-encounter-more-regulatory-scrutiny-in-2019/   On January 22, 2019, the Financial Industry Regulatory Authority (FINRA) released its examination priorities for 2019.  At the top of the list was online funding platform compliance with the securities laws. With an uptick in the offer and sale of securities offerings online[…]

FinLaw: Broker-Dealer and Investment Adviser inadequate cyber security procedure and control cases will be SEC and FINRA priority for many years to come

A new SEC enforcement case a against dully registered broker-dealer and investment adviser for deficient cyber security procedures under Reg S-P and Reg S-ID resulting in sanctions and a $1 million civil money penalty. Expect to see many, many more, and similar FINRA cases coming soon.  https://www.sec.gov/litigation/admin/2018/34-84288.pdf