Broker-Dealer Registration and SRO Membership

SEC Registration (SEA Section 15(b); SEC Rules 15b1-1/15b1-3)

Broker-Dealer Registration and FINRA Membership Application (Document)  

Overview of Broker-Dealer and Alternative Trading System Registration and Related Services (Document)

FINRA Membership (NASD Rules 1010 et seq.)

Broker-Dealer Registration and FINRA Membership Application (Document)

Successor Broker-Dealer Registration (SEC Rule 15b1-3)

FAQs Regarding Customer Asset Protection in a Broker-Dealer Bankruptcy (Document)

Persons Associated with an Issuer Deemed Not to be Brokers (SEC Rule 3a4-1) 

Summary of the Rule 3a4-1 Safe Harbor for Sales of Securities by Officers, Employees and other Associated Persons of the Issuer (Document)

Threshold Matters Regarding Securities

Syndicated Loans as Securities (Document)

Foreign Broker-Dealer Exemption (Rule 15a-6)

Foreign Broker-Dealers Providing Research Reports to and Initiating Follow-Up Contact with U.S. Institutional Investors under Rule 15a-6(a)(2) and (3) (Document)

Foreign Research Disclosures and Related Issues Under Rule 15a-6, Regulation AC and FINRA Rules (Document)

Model Research Disclosure Template for Foreign Research Under Rule 15a-6 (Document)

Research and Follow-Up Contact Under SEC Rule 15a-6 (Video)

Regulation of Research under Rule 15a-6, Reg.AC and FINRA (Video)

Summary of the Proposed Amendments to Rule 15a-6 under the Exchange Act (Document) 

SEC Comment Letter on Proposed Amendments to Rule 15a-6 (Document)

Foreign Broker-Dealers May See More 15a-6 Enforcement (Article)

 

Sales and Trading

Customer Communications

• Customer Correspondence (NASD Rule 2211)

Supervision of Electronic Communications of Employees of Registered Investment Advisers (Document)

Soft Dollar and Commission Sharing Arrangements (SEA Section 28(e))

Client Commission (Soft Dollar) Arrangements: The Section 28(e) Safe Harbor (Document)

Investment Advisers Act - Implications for Client Commission Arrangements - Part 1 (Video)

Investment Advisers Act - Implications for Client Commission Arrangements - Part 2 (Video)

Market Making, Order Handling and Execution

• Limit Order Display, Order Routing and Reports (Regulation NMS)

Public Disclosure of Order Execution and Routing Practices (Document)

Rule 606 Quarterly Order Routing Report Template (Document) 

Model Rule 605 and Rule 606 Customer Notice (Document)

Trade Confirmations (SEC Rule 10b-10; (NASD Rule 2230) 

SEC Rule 10b-10 Confirmation Delivery Requirements: Clearinghouse Confirmation Relief (Document)

SEC Rule 10b-10 Confirmation Requirements for Transactions in Mortgage-Backed Securities and other Asset Backed Securities (Document)

Municipal Securities Rulemaking Board (MSRB) Rules

Overview of Restrictions on Political Activities by Investment Advisers, Broker-Dealers and Their Employees (Document)

 

Research

Research Report Content Standards and Approval

Research Black-Out Restrictions for Initial and Secondary Offerings By FINRA Member Firms Under FINRA Rule 2241 (Document)

Research Analyst Conflicts and Disclosures 

Foreign Equity Research Disclosures and Related Issues Under Rule 15a-6, Regulation AC and FINRA Rules (Document)

Model Research Disclosure Template for Foreign Equity Research Under Rule 15a-6 (Document)

Research and Follow-Up Contact Under SEC Rule 15a-6 (Video)

Analyst Certification (Regulation AC) 

Model Research Disclosure Template for Foreign Equity Research Under Rule 15a-6 (Document) 

Research and Follow-Up Contact under SEC Rule 15a-6 (Video)

Payment for Research and Brokerage under Section 28(e) of the Exchange Act  

Client Commission (Soft Dollar) Arrangements: The Section 28(e) Safe Harbor (Document)

Investment Advisers Act - Implications for Client Commission Arrangements - Part 1 (Video)

Investment Advisers Act - Implications for Client Commission Arrangements - Part 2 (Video)

Analysis of the SEC’s MiFID II No-Action Relief

 

Investment Banking

Insider Trading/Information Barrier Procedures (SEA Section 15(g))

Restrictions on Research and Investment Banking Personnel; Information Barrier Procedures (Presentation)

Public Offerings

• New Issue Trading Restrictions (FINRA Rules 5130/5131)

FINRA Rule 5131 – Restrictions on Allocations of IPO Shares to Executive Officers and Directors of Non-U.S. Companies (Document)

FINRA Rule 5131 Application of the De Minimis Exception to Bank Omnibus Accounts (Document)

 

Cross-Border Securities Activities

Registration and Regulation

Regulation of Non-U.S. Broker-Dealers Doing Business in the United States (Document) 

Regulation of Non-U.S. Investment Advisers and Portfolio Managers Doing Business in the United States (Article)

Trading and Research (SEC Rule 15a-6) 

Cross-Border Securities Activities Under SEC Rule 15a-6

Foreign Broker-Dealers Providing Research Reports to and Initiating Follow-Up Contact with U.S. Institutional Investors under Rule 15a-6(a)(2) and (3) (Document) 

Foreign Research Disclosures and Related Issues Under Rule 15a-6, Regulation AC and FINRA Rules (Document)

Model Research Disclosure Template for Foreign Research Under Rule 15a-6 (Document)

Summary of the Proposed Amendments to Rule 15a-6 under the Exchange Act (Document)

SEC Comment Letter on Proposed Amendments to Rule 15a-6 (Document)

Regulation of Research Under Rule 15a-6, Regulation AC and FINRA Rules (Video)

Research and Follow-Up Contact Under SEC Rule 15a-6 (Video)

Analysis of the SEC’s MiFID II No-Action Relief 

Treasury Department Reporting 

Summary of U.S. Treasury International Capital (TIC) Reporting Requirements (Document)

State Registration Exemptions 

Analysis of the SEC’s MiFID II No-Action Relief

United Kingdom Regulatory Developments

Summary of Current Proposals for the New UK Regulatory Structure (Document)

Hong Kong Regulatory Developments 

New Short Position Reporting Regime in Hong Kong (Client Alert)

Hong Kong Court of Appeal Expands SFC Powers to Seek Remedies for Insider Trading (Client Alert)

 

Operations and Recordkeeping

Recordkeeping (SEC Rules 17a-3/17a-4; NASD Rule 3110)

Expanded Broker-Dealer Books and Records Requirements (Document)

Records and Retention Policies and Procedures Template (Document)

Broker-Dealer Records and Retention Chart (Document)

Foreign Interest Reporting

Summary of U.S. Treasury International Capital (TIC) Reporting Requirement (Document)

 

Supervision and Compliance Procedures

Written Supervisory Procedures (NASD Rule 3010)

Information Barriers at Broker-Dealers (Document)

Overview of Broker-Dealer and Investment Adviser Supervisory Requirements under SEC and SRO Rules and Related Services (Document)

Supervision of Electronic Communications of Employees of Registered Investment Advisers (Document)

 

Anti-Money Laundering

Outline of Anti-Money Laundering Obligations of Broker-Dealers (Document)

Broker-Dealer AML Program Checklist/Gap Analysis (Document)

Registered Finders' AML-CIP Requirements (Video)

 

Exchange and SRO Regulation

Exchange Registration (SEC Rule 6a-1)

Regulation of Non-U.S. Exchanges' Marketing Efforts in the United States (Document)

Alternative Trading System (ATS) Registration and Regulation (Regulation ATS)

Overview of Broker-Dealer and Alternative Trading System Registration and Related Services (Document)

 

Regulation

Regulation of Investment Advisers by the U.S. Securities and Exchange Commission, by Robert E. Plaze (Document)

Supervision of Electronic Communications of Employees of Registered Investment Advisers (Document)

Overview of Restrictions on Political Activities by Investment Advisers, Broker-Dealers and Their Employees (Document)

Regulation of Non-U.S. Investment Advisers and Portfolio Managers Doing Business in the United States (Document)

Investment Advisers Act Implications for Client Commission (Soft Dollar) Arrangements - Part 1 (Video)

Investment Advisers Act Implications for Client Commission (Soft Dollar) Arrangements - Part 2 (Video)

Analysis of the SEC’s MiFID II No-Action Relief

SEC Amends the Advisers Act Performance Fee Rule to Tighten Standards for "Qualified Clients" and Adopt "Grandfathering" Provisions (Client Alert)

CFTC Repeals 4.13(a)(4) Exemption Used by Many Private Fund Managers (Client Alert)

SEC Issues No-Action Letter Regarding Registration of Affiliates of Investment Advisers (Client Alert)

SEC Staffer Cautions Private Funds Industry on Potential Broker Registration Issues (Client Alert)

 

Swap Entity Regulation

Swap Entity Registration and Exemptions and SRO Membership

Registration of Swap Entities (Document) 

SEC Adopts Registration Rules for Security-Based Swap Entities (Document)

Business Conduct Standards

CFTC Swap Business Conduct Standards Rules Overview (Document)  

Recordkeeping and Reporting

Swap Transaction Reporting Requirements Q&A (Document) 

Trade Reporting Responsibilities for Bilateral Swaps under CFTC Regulations Parts 43 and 45: U.S. Swap Dealers and other Financial Entities (Document)

Trade Reporting Responsibilities for Bilateral Swaps under CFTC Regulations Parts 43 and 45: Non-U.S. Swap Dealers and other Financial Entities (Document)

Trade Reporting Responsibilities for Bilateral Swaps under CFTC Regulations Parts 43 and 45: US and Non-U.S. Swap Dealers and other Financial Entities (Document) 

Supervision and Compliance Procedures

Chief Compliance Officer Requirement and Best Practices (Document)