Commentary by Steven Lofchie
In an address before the FINRA Certified Regulatory and Compliance Professional Program, SEC Commissioner Hester M. Peirce considered solutions for enhancing retail investors' access to the financial markets and reducing employment barriers in the financial industry.
A firm settled FINRA charges for refusing to produce requested documents and information during an investigation of the firm's use of donations.
FINRA updated its guidance on net capital requirements for brokers or dealers, and customer protection-reserves and custody of securities. The updates to the Interpretations of Financial and Operational Rules were communicated to FINRA by the SEC Division of Trading and Markets.
The U.S. Court of Appeals for the Ninth Circuit affirmed a preliminary injunction sought by the CFTC in a case involving fraud-related charges against a precious metals credit company.
The SEC named YJ Fischer Director of the Office of International Affairs.