ENFORCEMENT DEFENSE
When you receive an “8210 letter” from FINRA, your whole world can change. FINRA does not have subpoena power; rather, their investigative power comes from FINRA Rule 8210. But, that rule is very powerful when it comes to member…
FINRA Annual Conference – Part 2
Having a firm culture that puts client interests first is the basis of the fiduciary duty. Any BD that believes that all they have is a suitability requirement is living in La La land. Almost all arbitration claims against…
Phil Mickelson Agrees to Repay Profits from Insider Trading
Last week the SEC announced insider trading charges including pro-golfer Phil Mickelson. Mickelson agreed to pay back more than $1 million he earned from an insider stock tip from William “Billy” Walters, a famous sports gambler. As a result…
FINRA Annual Conference – Part 1
Last week FINRA held its annual Broker Dealer conference in Washington DC. It was one of the largest they ever had: 1300 attendees and completely sold out. What this usually means is that the BD community is scared and…
Technologies Impact on Disclosures
On May 6th, SEC Commissioner Kara M. Stein gave a speech in Denver, Colorado entitled Disclosure in the Digital Age: Time for a New Revolution at the 48th Annual Rocky Mountain Securities Conference. The speech discussed the importance of…
Billions Season Finale – Protecting the Interests of your Clients
In the season finale the Chuck Rhoades, Wendy Rhoades, and Bobby Axelrod triangle fallout continues and leads to some major confrontations which could have been avoided had the rules been complied with. Spoilers Ahead…
Billions – Ethical Considerations of Confidential Information
This week’s episode focused a lot on personal lives and how they can impact professional lives. In one particular scenario, the ethical considerations of confidential information that can result from it are explored. Spoilers Ahead…
Billions: Real-Life Applications of Scenarios Depicted on the Show – Breaking Away
Episode 10 leads up to a tough scenario for Axe as Principal of Axe Capital in the wake of his current personal and professional dramas. Spoilers Ahead…
Billions: Real-Life Applications of Scenarios Depicted on the Show – Hedge Fund Trading and Ethics
In this episode, the ethical aspects of Axe’s capital raising tactics and trading antics really come into focus. Spoilers Ahead…
Billions: Real-Life Applications of Scenarios Depicted on the Show – Ethics
In this week’s episode, Bryan Connerty, who is now serving as lead counsel for the US Attorney’s Office case against Axe Capital, faces some tough choices leading to an ethical dilemma. Spoilers Ahead…