A Cautionary Tale of a Small Broker-Dealer's and its Associated Persons' Failure to Honor FINRA's Suspension Rules | Bryan Cave Leighton Paisner
Being a small business owner is tough. You often wear several hats and juggle multiple responsibilities while you try to build a successful business. This is especially true for small financial services firms that are subject to rigorous oversight by the U.S. the Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”). In an effort to thrive in the securities industry, these competing demands often overwhelm small broker-dealers (defined as those with fewer than 100 registered representatives) which make up approximately 90% of the registered ...
Source: jdsupra.com