Header graphic for print
The BD/IA Regulator Providing securities regulatory, enforcement and litigation trends for broker-dealers, investment advisers and investment funds

Category Archives: Research

Subscribe to Research RSS Feed

2018: Business As (Un)usual – European Financial & Regulatory Developments into 2018

Posted in Broker-Dealer Regulation, Fund Regulation, Investment Adviser Regulation, Research

2017 in the UK and the rest of Europe seems to have been primarily a year devoted to implementation – both of political decisions already made and of legislation that had already been enacted.  On the political front, Brexit continued to dominate many conversations around EU financial services.  Theories circulated that EU decisions on various… Read More

FINRA Proposes Amendments to its New Debt Research Rule

Posted in Research

On May 24, 2016, FINRA proposed amendments to its new debt research rule (Rule 2422).  The amendments are intended to clarify Rule 2422 in four respects: (1) the consent requirement for institutional debt research reports distributed to non-U.S. investors by non-U.S. affiliates of members; (2) the consent requirement for institutional debt research reports distributed to… Read More

SEC Imposes Fine for Improper Research Report

Posted in Broker-Dealer Regulation, Research, SEC Enforcement

In March 2016, the SEC entered into a settlement agreement with a U.S. broker-dealer, which initiated research coverage of an issuer after being invited by the issuer to participate as an underwriter for that issuer’s planned equity offering.  The SEC indicated that this is its first action against a broker-dealer for violating Section 5 in… Read More