Tags » Broker-Dealer

MBBP's John Tumilty Quoted on Fidelity Investments in NYT DealBook

On October 26, the New York Times Dealbook published an article on the administrative case filed against Fidelity Brokerage Service LLC by the Massachusetts secretary of the commonwealth, William F. 49 more words

Attorney News

The Swaps Pushout Rule: Much Ado About the Wrong Thing?

A provision of the Dodd-Frank Act popularly known as the “swaps pushout rule” prohibited FDIC-insured banks from entering into certain types of swaps contracts. Congress recently reversed this provision, so that banks can continue trading in these swaps. 669 more words

Securities Regulation

SEC Issues Cease and Desist Order To “EB-5” Investment Companies For Acting As Unregistered Broker-Dealers – Why It Matters To The Crowdfunding Industry

Last week the U.S. Securities and Exchange Commission (SEC) issued  a Cease and Desist Order (the “Order”) against two related companies for acting as unregistered broker-dealers in connection with the sale of securities under the “EB-5” Investor Program ( 1,454 more words

Gen Crowdfunding

Here's Why Wall Street is Losing Prospective Financial Advisors

Wall Street careers are no longer considered hot by many young people. Recent college graduates are increasingly choosing careers other than Wall Street.

Droves of bright young professionals, many with finance degrees, are rejecting — with a mixture of trepidation and rage — a prospective banking career.

284 more words

Simpson Thacher discusses SEC and FINRA Report on Cybersecurity Sweep Examinations and SEC's Cybersecurity Guidance Update

The SEC issued a National Exam Program risk alert summarizing OCIE’s cybersecurity examination sweep of advisers and broker-dealers on February 3, 2015 (SEC Risk Alert). On the same day, FINRA issued its report on cybersecurity practices of broker-dealers, based on its own sweep examination (FINRA Report). 1,539 more words

Securities Regulation


While many see tax season as a dreaded time of year, it provides investors with an independent review of their trading. All too often an unsuspecting investor has no idea that his/her account is being improperly traded. 437 more words