WebMay 14, 2024 · FINRA issued Rule 2040, effective August 24, 2015, in an effort to align broker-dealer activity with Section 15(a) of the Exchange Act and provide guidelines … WebMar 27, 2024 · The role of the Financial Industry Regulatory Authority (FINRA) in dealing with payments to unlicensed persons for securities-related and capitalraising activities has- grown significantly. On Dec. 30, 2014, the U.S. Securities and Exchange Commission (the SEC) approved FINRA Rule 2040 governing when and how registered broker-dealers …
Rules Governing Compensation for FINRA Members, Associated …
WebMay 14, 2024 · FINRA issued Rule 2040, effective August 24, 2015, in an effort to align broker-dealer activity with Section 15(a) of the Exchange Act and provide guidelines relating to the payment of transaction-based compensation by … WebAug 9, 2024 · FINRA found that Citigroup had failed to maintain a reasonable supervisory system which had procedures to identify and screen non-registered associated persons. … flavia creation 400 parts manual
Payments of Transaction-Based Compensation by FINRA Members …
WebJan 15, 2015 · The role of the Financial Industry Regulatory Authority (FINRA) in dealing with payments to unlicensed persons for securities-related and capital-raising activities … WebOct 13, 2014 · Notwithstanding the general prohibition on Payments to unregistered persons, roposed FINRA Rule P 2040 would codify existing FINRA staff guidance on the payment of continuing commissions by members to a retired representative (i.e., an individual who retires from a member and leave the securities s industry). WebOct 20, 2014 · On September 25, 2014, the U.S. Securities and Exchange Commission (the "SEC") solicited public comment on proposed FINRA rule changes (the "proposal") that would substantively amend existing NASD and NYSE rules regarding payments to unregistered persons. 1 Notably, the proposal would preserve important existing NASD … cheemc delivery london