Steven Yadegari的动态

Your firm is at risk for getting fined from the SEC and FINRA regulations. Register (https://spr.ly/6042beiV8) and join us in our exclusive webinar with our compliance experts as we provide a refresh and updates on these regulations, while learning what firms must understand and do to stay compliant and avoid fines.

?? Wondering what FINRA is and how it impacts your business? Discover everything you need to know about the Financial Industry Regulatory Authority in our new blog post#FINRA #FinancialIndustry #ComplianceExplained https://ow.ly/KMon50SXukp

?? Wondering what FINRA is and how it impacts your business? Discover everything you need to know about the Financial Industry Regulatory Authority in our new blog post#FINRA #FinancialIndustry #ComplianceExplained https://ow.ly/rcsc50SvuLt

?? Wondering what FINRA is and how it impacts your business? Discover everything you need to know about the Financial Industry Regulatory Authority in our new blog post#FINRA #FinancialIndustry #ComplianceExplained https://ow.ly/rcsc50SvuLt

In August, the U.S. Securities and Exchange Commission fined 26 financial firms for failing to track employee "off-channel communications." That's $393 million of fines in the latest #WhatsApp sweep The Wall Street Journal https://lnkd.in/dTeqckdd #WhatsAppForProfessionals #Compliance #ClientWindow #Audit #WallStreetJournal #WallStreet

Ranah Esmaili, Lara Shalov Mehraban and I share our thoughts on how the upcoming election may affect securities regulation and enforcement. Come check it out.

Expect to see the Securities and Exchange Commission shift its approach toward penalties and Wells meetings—which occur before the SEC launches an enforcement action—the regional director of the agency’s New York City office said during this year’s Securities Enforcement Forum. Expressing only her personal views, Antonia M. Apps predicted Tuesday that new agency leadership would be more thoughtful in deciding when to ban individuals from participating in the securities industry. “To what extent the imposition of that remedy is necessary to the public interest, you are likely to see movement on those types of penalties,” she said. Apps further suggested attorneys revisit a guidance issued in 2006, when the commission included Paul Atkins, President Donald Trump’s pick to lead the agency. “Get more familiar with it. It turns on whether the issue of the violation has provided an improper benefit to shareholders … or has conversely resulted in harm,” Apps said. “The guidance is that we should not be punishing innocent shareholders twice.” Her forecast came in response to questioning from George Canellos, who co-directed the agency’s Enforcement Division from May 2013 to January 2014. The Q&A was one of two keynote events at the Securities Enforcement Forum, which came to NYC for the first time this year. Full story from Alyssa Abigail Aquino: https://lnkd.in/gMZ5EdKy

?? Navigating the complexities of the U.S. Securities and Exchange Commission Rule 13f-2 compliance? This article from Anderson P.C. provides an insightful breakdown of the challenges institutional investment managers will face before the January 2025 deadline. The new reporting obligations for short positions are transforming data management, especially regarding security identifiers like the Legal Entity Identifier (LEI). ? ?? LEI plays a critical role in ensuring accuracy and transparency in filings like Form SHO, which is essential for firms to meet the SEC’s rigorous reporting standards. With increasing regulatory scrutiny, having robust systems in place is not optional—it's crucial. ?? ? Dive into this must-read article to understand the implications and how to prepare: https://lnkd.in/e-mrkn5Y ? #SECCompliance #Rule13f2 #LEI #DataManagement #ShortSelling #RegulatoryCompliance #InvestmentManagement

"The U.S. Securities and Exchange Commission (SEC) Doesn't Care if You Get Our Emails" Today I Learned ("TIL") that the SEC literally does not give a shit if our clients ACTUALLY get our emails -- all they care about is whether we have have a log of a copy of an email we MIGHT have (or not) sent ?? As part of a routine examine one of their internal lawyers is trying to say we are "deficient" for not having a copy of an email from our funding portal even though Google GMAIL rejected it for a rando reason -- even though Google GMAIL accepted other emails from us to this particular investor! When we explained that we consider email to be an unreliable communication channel and that our Funding Portal is the "Authoritative System of Record" for the transaction data AND the fact that FINRA has agreed with us for the past six (6) years, they didn't seem to care. So I pointed out that what they were telling me is that all they cared about is that we need to have the APPEARANCE of having sent an email without any kind of evidence that we did, that it was received, read, or comprehended!? I did get to share with this one staff attorney that she was in the minority, and that dozens of practicing attorneys, many of whom actually worked on the legislation disagreed with her analysis. Lastly I pointed out that the law as written says "not limited to" -- and that does not in any way mean "only email is valid" ?? From here I start working with Trading and Markets to request "no action" letters and try and engage the Office of the Small Business Advocate. Is this the best government we can afford?

What is the unexpected you should watch out for? This is a good article to read because it illustrate why the SEC has such broad power to go after assets. Most financial advisors are good actors but you can also see here how one bad actor can create a web that harms a whole segment of advisors. https://lnkd.in/gb5eCmQC