The changes would allow more retakes within a shorter span of time.
Broker-dealer
The self-regulator made explicit three criteria for review.
Agencies consult on whether existing regulatory frameworks can keep pace as novel products and trading strategies enter the market.
We interview compliance headhunter Nick Litwinek in the first of a series designed to help compliance, risk, and legal practitioners to find, secure, and manage high-quality compliance talent across regulated industries.
Consumer Voice, Volkswagen Financial Services, Mercedes Benz Financial Services, and Crédit Agricole Auto Finance have all challenged the scheme.
The guidance clarifies trading rules expectations without imposing additional obligations.
The regulator's supervisory statement seeks to clarify its expectations of brokers in connection with client securities trading during times of market turbulence.
The penalty also highlights the dangers of brokers using unapproved channels to communicate with prospective clients.