Month-to-month Regulatory Abstract (December 2023)

Because the regulatory panorama is continually evolving, Compliance Danger Ideas (“CRC”) is issuing its month-to-month evaluate and abstract of FINRA, SEC, and NFA notices and bulletins to help our shoppers in protecting abreast of notable regulatory developments and deadlines in an effort to strengthen their compliance and regulatory initiatives. FINRA Regulatory Notices Per Regulatory Discover 23-20, FINRA discusses the steering and different assets accessible to help members with their compliance efforts in reference to the SEC’s Regulation Greatest Curiosity (Reg BI). Specifically, FINRA highlights the SEC’s sequence of Workers Bulletins (Bulletins) reiterating requirements of conduct for broker-dealers (BDs or members) and funding advisers (IAs): SEC Workers Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Account Suggestions for Retail Buyers; SEC Workers Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Conflicts of Curiosity; and SEC Workers Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Care Obligations. FINRA…