FINRA Archives - Vigilant LLC

Fiduciary Duty and FINRA Enforcement | Patrick Chism Insights

Vigilant Insights Introduction Vigilant Managing Director, Patrick Chism, was quoted in a recent Ignites article related to the FINRA investigation of a Firm for its use of fee-waivers. The […]

First FINRA Fine for Use of Social Media Influencers

FINRA Introduction FINRA recently announced its first enforcement action related to the use of Social Media Influencers. This stems from FINRA’s Targeted Exam of Firm […]

Failure of Properly Implementing WSPs | FINRA Fine

FINRA Introduction A FINRA Firm was recently disciplined for failures to properly implement WSPs that would adequately review the electronic communications of its registered representatives. Without admitting or denying […]

Reg BI Violations | Broker Suspended

News and Alerts Introduction FINRA has suspended a Broker for 18 months due to violations of Regulation Best Interest (“Reg BI”). These violations were discovered during a FINRA Exam […]

FINRA Releases 2023 Risk Monitoring Report | 4 Key Topics

News & Alerts Brief Introduction On January 10th, FINRA published a report for 2023 to help firms strengthen their compliance programs. The report covered twenty-four topics, with new topics […]

FINRA Provides A Reminder Towards CCO Liability

Brief Introduction to New FINRA Release FINRA released a Regulatory Notice on Friday, March 17th, stating that they consider the role of the Chief Compliance Officer (“CCO”) […]

FINRA Cites MSRB Rule G-13 in Action Against Broker Dealer

Whitepapers | FINRA One of Vigilant’s Directors, Deane Armstrong, created a Whitepaper discussing issues raised by the recent FINRA Acceptance, Waiver, and Consent (AWC) […]