Joseph Dogery

SER members Ross Tulman and Jeffery Schaff, provided detailed responses to comply with a request from Richard Berry to assist FINRA's NAMC Discovery Subcommittee. READ MORE https://lnkd.in/evAxMFNd

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FINRA proposes admin and subscription fees for SLATE. If approved, the proposed Rule 7720 will introduce fees for reporting securities loans, alongside tailored subscription fees https://lnkd.in/eqCy3x8w #SecuritiesLending #banking

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Our Chief Editor of Securities, Anthony Colonna, is attending FINRA's Annual Conference this week diving into discussions with industry leaders and gaining valuable insights into compliance and regulatory topics. Anthony and his team are dedicated to providing top-notch securities content for ExamFX courses, ensuring they're up-to-date and relevant. Stay tuned for the wealth of knowledge he'll bring back to help you succeed in the securities industry! #FINRA #FINRA #financialadvisors #investmentbanking #financialplanning #FINRAconference #financialprofessional

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🚀 Adapt and Thrive: Key Changes in FINRA's Broker-Dealer Compliance Landscape 🚀 The future of broker-dealer compliance is evolving swiftly with FINRA’s latest regulatory updates. Dive into NSCP's Currents Live webinar for an in-depth exploration of the new Remote Office Rules set to redefine our industry standards starting May 31, 2024. 📅 Important Dates to Remember: May 31, 2024: End of pandemic-related relief for Form U4 and Form BR updates. June 1, 2024: Introduction of Residential Supervisory Locations (RSLs), enabling supervisory activities at designated private residences. July 1, 2024: Launch of the Remote Inspection Pilot Program, allowing remote compliance inspections under Rule 3110(c). 🔍 Our esteemed panel, including Jerry Danielson (Lincoln Financial Group), Andrew Mount (Eversheds Sutherland US), and Jennifer Szaro (XML Financial Group), provided essential insights on how these changes will impact compliance practices and what firms can do to prepare. 🔗 NSCP members can access the full webinar and a wealth of compliance resources here: https://lnkd.in/ebFKMR85 🌐 Interested in sharing your compliance expertise or learning more from industry peers? Find out how you can be featured on an NSCP Currents Live webinar or contribute to NSCP Currents, the leading voice in financial compliance: https://nscp.org/volunteer #NSCP #BrokerDealer #ComplianceChanges #FinancialCompliance

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🚀 Adapt and Thrive: Key Changes in FINRA's Broker-Dealer Compliance Landscape 🚀 The future of broker-dealer compliance is evolving swiftly with FINRA’s latest regulatory updates. Dive into NSCP's Currents Live webinar for an in-depth exploration of the new Remote Office Rules set to redefine our industry standards starting May 31, 2024. 📅 Important Dates to Remember: • May 31, 2024: End of pandemic-related relief for Form U4 and Form BR updates. • June 1, 2024: Introduction of Residential Supervisory Locations (RSLs), enabling supervisory activities at designated private residences. • July 1, 2024: Launch of the Remote Inspection Pilot Program, allowing remote compliance inspections under Rule 3110(c). 🔍 Our esteemed panel, including Jerry Danielson (Lincoln Financial Group), Andrew Mount (Eversheds Sutherland US), and Jennifer Szaro (XML Financial Group), provided essential insights on how these changes will impact compliance practices and what firms can do to prepare. 🔗 NSCP members can access the full webinar and a wealth of compliance resources here: https://lnkd.in/ebFKMR85 🌐 Interested in sharing your compliance expertise or learning more from industry peers? Find out how you can be featured on an NSCP Currents Live webinar or contribute to NSCP Currents, the leading voice in financial compliance: https://nscp.org/volunteer #NSCP #BrokerDealer #ComplianceChanges #FinancialCompliance

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I always enjoy some light compliance reading in the morning and this is a fine example. It seems like there further I go in my career the more my disdain for FINRA grows, and this is a prime example why. Regardless of anyone's personal thoughts about the ownership of Alpine there has to be a uniform application of laws and due process tied to any process that might/will affect a business. In the last 10 to 15 years it has become standard process for FINRA to want to put small broker dealers out of business. If you don't believe that please do go fact check the decline in BD's over the past decade. Perhaps also go check out the association of those that went out of business with career ending fines and violations applied by FINRA. With that being said though why do I care? I voluntarily gave up my registration and licensure due to their arduous review practices and never ending scare tactics regarding OBA disclosure. I care because for some really contrived reason FINRA has control of the 15C-211 process to illicit the creation of a ticker symbol for issuers that desire to trade on the OTC Markets Group. They also have oversight when it comes to an kind of corporate action, from name changes to cash dividends to mergers. Unfortunately for all my issuer clients there is no one FINRA that has any understanding of legal compliance on a state or federal level and then applies it to the issuers notification of an event. This creates unduly long processing times for events, delay in notifications, and unfortunately as I've seen far too many times damage to shareholders and impairment to their return due to unforced delays because of incompetence. I wish it weren't like this....perhaps there should be more than one main SRO to cover such a broad and expansive swath of the market. Would love to hear everyone's input! What do you guys think aaim and David V Duccini? #finra #sec #compliance #otcmarkets #ipo #goingpublic

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ANNOUNCEMENT: BNY selected by the U.S. Department of the Treasury's Bureau of the Fiscal Service to be the financial agent for Direct Express®. The program, which provides access to federal benefits payments via pre-paid debit cards for federal beneficiaries, is the largest of its kind and supports approximately 3.4 million Americans. The selection of BNY underscores our continued focus on providing high-quality financial services and advancing the program’s goal of meeting the needs of individuals and communities throughout the United States. See the full release here: https://lnkd.in/ez8nXi8Z

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Clear the Decks Lynn Strongin Dodds looks at the different reports assessing the challenges the new SEC clearing and repo mandates will have on industry participants. https://lnkd.in/gfRQeTpy

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MFA urged the U.S. Securities and Exchange Commission to improve access to Treasury clearing by making substantive changes to the proposed Fixed Income Clearing Corporation (FICC) Treasury clearing rules in a comment letter today. The proposed rules fail to accomplish FICC’s goal of improving the resiliency of the Treasury markets by giving market participants access to a flexible range of clearing structures and enhanced customer margin protection. Read more: https://lnkd.in/eukThEbH

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Vanguard Agrees New Passivity Agreement with FDIC The regulator will review any informal engagements Vanguard might have with management of FDIC-supervised banks. https://lnkd.in/eSeKaxM5

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💰 FINRA fined JPMorgan Securities $190,000 for unregistered investment banking activities and not having a supervisory system reasonably designed to achieve compliance with FINRA registration requirements. Read more on Compliance Week 🔗 https://lnkd.in/gyJwfqsA #FinancialRegulation #JPMorgan #FINRA #Compliance #ComplianceNews #ComplianceConsulting #InvestmentBanking #RegulatoryFines

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Davis Polk is advising Citi in connection with its agreement to acquire the Barclays American Airlines co-branded card portfolio. Read more: https://lnkd.in/emfy8AVJ #MergersAndAcquisitions

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CIM Securities LLC, a New Jersey-based independent investment bank, has been censured and fined $70,000 by the Financial Industry Regulatory Authority for alleged securities violations, including conducting an unregistered distribution of securities, failing to respond to certain red flags, and failing to meet filing requirements for private placement offerings. #alternativeinvestments #brokerdealer #RIA #FINRA #financialservices #adviser #registeredinvestmentadviser #misconduct #CIM #CIMSecurities #fraud #RegBI #RegulationBestInterest #duediligence #privateplacementoffering #microcap #smallcap

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FINRA reminds members of its policy prohibiting members and their associated persons from making audio or video recordings of conversations between FINRA staff and member firm personnel during calls or meetings related to FINRA’s oversight functions. Click here to read: https://lnkd.in/eQJG_uxD #FINRA #News #IA #BD #RRSCompliance #RIA #Examinations #RiskManagement #MarketingRule #ComplianceReviews

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