Month-to-month Regulatory Abstract (December 2023)

Because the regulatory panorama is consistently evolving, Compliance Threat Ideas (“CRC”) is issuing its month-to-month overview and abstract of FINRA, SEC, and NFA notices and bulletins to help our shoppers in conserving 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 out there to help members with their compliance efforts in reference to the SEC’s Regulation Finest Curiosity (Reg BI). Specifically, FINRA highlights the SEC’s collection of Employees Bulletins (Bulletins) reiterating requirements of conduct for broker-dealers (BDs or members) and funding advisers (IAs): SEC Employees Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Account Suggestions for Retail Traders; SEC Employees Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Conflicts of Curiosity; and SEC Employees Bulletin: Requirements of Conduct for Dealer-Sellers and Funding Advisers Care Obligations. FINRA…