Brokers

 Commentary, news and links of interest to financial advisers.

securities whistleblower
Brokers Compliance Whistleblower

Whistleblowers Need Lawyers

Realizing the importance of the assistance and information from an insider of a company, the SEC established its whistleblower program. The program has demonstrated that information from someone who knows of possible securities law violations can be a powerful tool for the Commission.  Whistleblowers can help the Commission identify possible […]

Regulation BI
Brokers Compliance

Introduction to Regulation Best Interest

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SEC
The United States Securities and Exchange Commission is the federal agency charged with the regulation and oversight of the securities markets, public companies and securities professionals.(…)

” >SEC Regulation Best Interest In June of 2019 the SEC approved Regulation Best Interest, which requires broker-dealers to act in the best interest of their retail customers when making recommendations as to securities or investment strategies. In adopting the regulation, the SEC stated that the regulation “enhances the broker-dealer standard […]

ubs
Arbitration Brokers

UBS Ordered to Pay Broker $1.6 Million

A former star broker for UBS Financial Services Inc. who was repeatedly called a “bitch” by her boss won a $1.6 million discrimination arbitration award last month. According to InvestmentNews.com, the broker, Chrisine Carona, worked for UBS in Boston from March 2009 through July 2017 and currently is employed by Morgan Stanley. She was […]