May 30, 2019
The Review of Securities and Commodities Regulation featured an article by McGuireWoods litigators Cheryl Haas and Alex Madrid on heightened regulatory scrutiny faced by financial services professionals and firms registered as broker-dealers with the Financial Industry Regulatory Authority and investment advisers with the Securities and Exchange Commission.
The May 22 column unpacked important developments for dual registrants, or “hybrids,” including FINRA’s new rule on how broker-dealers supervise the investment advisory actions of registered representatives and regulatory priorities such as wrap fee programs, conflicts of interest and best execution.
The article also considered two areas of regulatory focus — share class selection and digital investment advice — that are increasingly emerging as critical issues in the industry.
The Review of Securities and Commodities Regulation provides in-depth analysis of laws and regulations affecting the securities and futures industry and selects articles that are considered to be of “especial timeliness and interest” to the industry.