Tags » Broker-Dealer
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
SEC Issues Cease and Desist Order To “EB-5” Investment Companies For Acting As Unregistered Broker-Dealers – Why It Matters To The Crowdfunding Industry
Wall Street careers are no longer considered hot by many young people. Recent college graduates are increasingly choosing careers other than Wall Street.
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Droves of bright young professionals, many with finance degrees, are rejecting — with a mixture of trepidation and rage — a prospective banking career.
We have written about these issues in a variety of posts, “Avoiding The Wolf On Wall Street,” “Looking for a Financial Advisor? The “F” Word You Should Be Aware Of… 995 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