This is a welcome change by our clients in that it should result in a less confrontational interface with FINRA.
The Woodlands, TX (PRWEB) May 30, 2014
An expert in the field of Corporate, Business, and Securities Law for over 30 years, Daniel E. LeGaye thought although there were many interesting thing discussed at the FINRA conference, one of the most notable occurred at the “Ask FINRA senior staff” session related to comments about the internal procedural changes the FINRA Rule 8210. For additional information on FINRA Rule 8210 please click Rule 8210
The Rule is the primary tool utilized by FINRA in investigations and disciplinary and enforcement actions. While there is no question that the Rule is important to FINRA in addressing its investor protection goals, it has not been clear to membership why FINRA would need to relay on the Rule to obtain documents from FINRA member firms for routine matters, such as on-site exam information requests and requests for financial documentation related to FOCUS filings. To read more about the procedural changes to FINRA Rule 8210 please go to http://www.legayelaw.com go under news/commentary to legal alerts or simply click LeGaye Law article Rule 8210
About Daniel LeGaye:
Daniel LeGaye has been involved in Corporate, Securities and Business Law since 1980. He has represented both individuals and businesses in a wide variety of commercial transactions, corporate structuring and regulatory compliance issues. His main focus has been the financial and securities industry, where he has worked closely with institutions, broker/dealers and investment advisers to ensure they are compliant with applicable laws, rules and regulations.