Changes to MSRB Customer Complaint Rules Now in Effect As of September 1, amendments to MSRB Rules G-8, G-9, and G-10 addressing firms’ responsibility regarding written customer complaints, are in effect. The amendments: Extend these rules to both nonsolicitor and solicitor municipal advisors (no longer just MSRB-registered broker/dealers) Update and make these MSRB rules more […]

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BSA Back in the Regulatory Focus Today’s geopolitical climate has caused more focus on money laundering activity related to illegal drug trafficking and terrorist financing. Consequently, regulators place higher priority on enforcing the Bank Secrecy Act (BSA), which mandates financial industry standards to detect and prevent money laundering. Therefore, examiners across the financial services industry […]

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The Securities and Exchange Commission last week approved the Financial Industry Regulatory Authority’s plan to revamp the securities industry’s licensing process and exams.  In order to keep pace with regulatory and industry changes, the approved rule creates a two-tiered examination process.  This will reduce redundancy in the exam process and minimize regulatory impact while still […]

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A successful approach to preparing for your FINRA exam is often a two-pronged strategy.  You certainly need to study and know the content being tested (our study programs see to that!).  Oftentimes, however, that is not enough; you also need to beat the test.  You likely have anxiety over some of the extracurricular aspects of taking the […]

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