Markets and Trading

DOL Extends Fiduciary Rule Transition Period

On Monday, November 27, 2017, the Department of Labor (DOL) announced an 18-month extension of its Fiduciary Rule transition period (Transition Period).  The primary purpose of the extension was to give the DOL additional time to consider public comments under criteria set forth in the Presidential Memorandum issued on February 3, 2017. In light of… READ MORE

FINRA Begins Sweep on Order Routing, Inducements, and Conflicts of Interest

Just a few weeks ago, FINRA sent targeted examination letters to a select group of firms requesting information as part of a review of how firms handle the conflicts of interest related to payments or other inducements for order routing. These letters are coming from the Trading & Financial Compliance Examinations (TFCE) section in Market… READ MORE

Cybersecurity Deadline Approaches – Preparing your firm for the first phase of New York’s ’ Cybersecurity Rule 23 NYCRR 500

The first phase implementation date of New York’s “Cybersecurity Requirements for Financial Services Companies” rule is August 28th, 2017.   The rule requires firms to develop and maintain a cybersecurity program designed to protect the confidentiality, integrity and availability of their information systems.  The program must be based on a risk assessment, identify and assess internal… READ MORE