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Practice Area: Securities

FINRA FINES REVERE SECURITIES $800,000.00 FOR AML AND SUPERVISORY FAILURES TIED TO FOREIGN SMALL-CAP IPOS

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On October 6, 2026, the Financial Industry Regulatory Authority (FINRA) announced that it had censured and fined Revere Securities LLC $800,000.00 for anti-money laundering (AML) and supervisory violations related to small-cap initial public offerings (IPOs) for predominantly foreign-based issuers. As part of the settlement, FINRA required the firm to retain a third-party consultant to review…
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STATE REGULATORS PRESS FINRA FOR CLEARER RULES ON SOCIAL MEDIA AND AI AS THE SRO WEIGHS LOOSER PRE-APPROVAL REQUIREMENTS

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A group of state securities regulators is urging FINRA to set firmer expectations for how broker-dealers supervise social media posts and AI-generated content, even as the self-regulator considers giving firms more flexibility in reviewing communications with retail investors. The North American Securities Administrators Association was among the commenters that filed letters last week before the…
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SEC PROPOSES NEW RULES IN EFFORT TO ESTABLISH CLEAR GUIDELINES FOR INVESTMENT CONTRACTS INVOLVING CRYPTO ASSETS

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On August 18, 2026, the Securities and Exchange Commission (“SEC”) issued its proposed new rules directed at crypto based transactions. The proposed regulation, titled Regulation Crypto Assets (the “Regulation”), sets forth guidelines pertaining to the use of crypto assets within investment contracts. The term crypto asset is generally defined as an asset generated, issued, or…
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SEC RELEASES DRAFT STRATEGIC PLAN FOR 2026–2030: EMPHASIZING DIGITAL ASSET CLARITY, PRINCIPLED ENFORCEMENT, AND REGULATORY MODERNIZATION

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The U.S. Securities and Exchange Commission (SEC) has published its Draft Strategic Plan for Fiscal Years 2026 through 2030, marking a return to the agency’s mission as established by Congress in the Securities Exchange Act of 1934. Released on June 2, 2026, the draft document underscores three core objectives: protecting investors, maintaining fair, orderly, and…
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ATTORNEYS CHARGED BY SEC FOR ROLE IN INSIDER TRADING SCHEME BASED ON USE OF CONFIDENTIAL CLIENT INFORMATION 

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On May 6, 2026, the Securities and Exchange Commission (SEC) announced charges filed against 21 individuals for their alleged participation in an elaborate insider trading scheme based on improper use confidential client information. Those charged include several mergers and acquisitions attorneys, who allegedly misappropriated client information within their law firms’ internal networks and provided the…
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SCOTUS TO DECIDE FUTURE OF SEC’S DISGORGEMENT AUTHORITY

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The Supreme Court will hear oral arguments on April 20, 2026, in Sripetch v. Securities and Exchange Commission, a case that could significantly affect the scope of the Securities and Exchange Commission’s (SEC) authority to obtain disgorgement in civil enforcement actions. Disgorgement requires violators of securities laws to surrender profits obtained through misconduct, rooted in…
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FINRA’S REGULATORY NOTICE 26-06 SUGGESTS POTENTIAL RESTRUCTURING OF CURRENT ARBITRATION PROCESSES

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On March 2, 2026, the Financial Industry Regulatory Authority (FINRA) released Regulatory Notice 26-06, requesting feedback and commentary on current arbitration processes utilized for dispute resolution among brokers and customers. FINRA’s recent publication comes at a time when its existing dispute resolution system has been under heavy criticism from industry parties and investors. The measure…
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FINRA EASES BULK TRANSFER RULES WHILE DEEPFAKE PUMP-AND-DUMP ALLEGATIONS HIT NEW HEIGHTS

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Two noteworthy developments in the securities industry emerged this month, one offering relief to broker-dealers and the other serving as a stark reminder of evolving fraud risks. FINRA Removes Pre-Review Requirement for Negative-Consent Bulk Account Transfer Letters On February 6, 2026, FINRA issued Regulatory Notice 26-03 announcing a significant procedural change effective April 1, 2026….
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FINRA RELEASES  2026 ANNUAL REGULATORY OVERSIGHT REPORT ADDRESSING RECENT CYBERSECURITY AND GEN-AI BASED THREATS

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On December 9, 2025, the Financial Industry Regulatory Authority (FINRA) released its Annual Regulatory Oversight Report (Report) recapping its notable findings and regulatory activities. The Report itself does not create any new legal obligations but rather serves as an informative resource to firms by providing effective practices based on current trends and evolving risks within…
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