ComplianceAlert

SEC Issues Relief for Research Payments under MiFID II

On October 26, 2017, the SEC issued three critical no-action letters all in response to the upcoming MiFID II compliance date of January 3, 2018. Under MiFID II and its related Delegated Directive, firms will no longer be allowed to bundle research payments with execution costs (soft dollars) unless specific MiFID II Research Payment Accounts…

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Amy Lynch discusses proposed FINRA amendment on arbitrations (InvestmentNews)

Founder and President Amy Lynch commented on a recent FINRA regulatory notice detailing a proposed amendment to its arbitration rules. The amendment is intended to help customers of broker-dealers with unpaid arbitration awards. Ms. Lynch states that while it provides more options for the customer, it doesn’t necessarily help solve the unpaid arbitration problem. She…

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Concerns abound on pension consultants’ conflicts of interest; comments by Amy Lynch featured (FundFire – Subscription Req’d)

Consultants to pension funds often bring with them potential conflicts of interest where their advisory business and asset management business co-exist. Amy Lynch, Founder and President, discusses that conflicts of interest are commonplace in the consultant-pension relationship, and regulatory concerns arise from this situation. Ms. Lynch stresses that the onus is on the client to…

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Former head of SEC’s variable product inspections on latest VA scrutiny (InvestmentNews)

Founder and President Amy Lynch discusses the latest regulatory enforcement trend bearing down on broker-dealers selling variable annuity products. Ms Lynch, a former head of the SEC”s variable insurance products inspection unit, sees the uptick in enforcement actions resulting from new, popular annuity products being offered, as well as a renewed focus by FINRA on…

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