Overview
Updated to ensure coverage of the latest laws and regulations governing broker-dealers, the second edition of Broker-Dealer Regulation provides comprehensive and practical overview of the many requirements of this highly regulated area. This four-volume work instructs on how brokerage firms can satisfy SEC/SRO standards, with detailed coverage of:
- Registration reporting and record-keeping rules
- Suitability and best execution standards
- Ways of minimizing liability in the event of legal lapses, by documenting good-faith compliance efforts
- The implementation of a tailor-made compliance program that can help detect and prevent illegal conduct within the firm
Broker-Dealer Regulation is filled with practical suggestions on how to best comply with requirements in such areas as electronic trading, safeguarding customer information, trading desk activities and business continuity planning. Coverage includes FINRA Rule 2111, which governs what are and what are not suitable customer transactions • the SEC’s renewed emphasis on pursuing insider trading claims under 10b5-2 • the SEC’s Rule 15c3-5 on allocation between clearing firm and introducing broker in connection with risk management controls for clearing firms providing market access • and outsourcing issues for financial services firms.
Updated at least once a year, Broker-Dealer Regulation is an invaluable resource for broker-dealers, securities attorneys, compliance officers, and regulators.