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FINRA found that Michael Mancinelli improperly exercised discretion and caused his firm to have inaccurate books and records.
February 8 -
The defendants believe the charges are lacking on numerous levels while the SEC argued that fee-splitting is a clear and known rule violation.
February 7 -
The Municipal Securities Rulemaking Board voted to propose amendments to extend remote inspections until the end of this year, in addition to adjusting its fee model for the 2023 year.
January 28 -
Industry advocacy groups want uniform rules that enhance clarity and common understanding without adding complexity or liability.
January 25 -
Groups believe that the draft compliance resources contain some useful information, though they could be construed as creating new compliance requirements.
January 20 -
The Municipal Rulemaking Securities Board's annual report and audited financial statements were published Tuesday.
January 11 -
The Municipal Securities Rulemaking Board has begun accepting applications for two regulated and two public board positions until Feb. 7.
January 4 -
The MSRB's priorities for the year include action on ESG, updates to its EMMALabs platform, and more requests for comment aimed at modernizing its rulebook.
January 3 -
Some firms are voluntarily self-reporting potential supervisory and suitability rule violations.
December 22 -
FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.
December 16