Day March 11, 2018

BD Compliance, News

Proposed New Rule for Outside Business Activities and Private Securities Transactions

FINRA is requesting comments on a proposed new rule for outside business activities and private securities transactions of registered persons. This proposed rule would replace FINRA Rule 3270 (Outside Business Activities (OBAs) of Registered Persons) and FINRA Rule 3280 (Private…

Lacey Miller
March 11, 2018

IA Compliance, News

SEC Fines Adviser for Custody Rule Violations

The Securities & Exchange Commission (“SEC” or the “Commission”) instituted cease and desist proceedings against Financial Fiduciaries, LLC, (“Financial Fiduciaries”) a registered investment adviser located in Wausau, Wisconsin, and Thomas Batterman, the principal of the adviser. The SEC alleged that…

Lacey Miller
March 11, 2018