FINRA Releases Joint SEC Issue Investor Alert

Stockbroker Law - Tuesday, March 29, 2016
FINRA Releases Joint SEC Issue Investor Alert

In a news release dated December 21, 2015 the Financial Industry Regulatory Authority issued a Joint Investor Alert with the SEC posing ten questions investors should ask about securities backed lines of credit (SBLOC’s). These investments have been sold to small investors and are essentially loans made to investors collateralized by their portfolio holdings. 


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FINRA’s Arbitration and Mediation Page

Stockbroker Law - Tuesday, March 22, 2016
FINRA’s Arbitration and Mediation Page

Financial Industry Regulatory Authority maintains an arbitration and a mediation page on its website. This web page includes the very easy-to-read summary of the arbitration and mediation services offered by the Financial Industry Regulatory Authority (FINRA). 


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Sophisticated Investor Standard for Private Placements?

Stockbroker Law - Thursday, March 17, 2016
Sophisticated Investor Standard for Private Placements?

On December 18, 2015 the United States Securities and Exchange Commission issued a Report on the Review of the Definition of “Accredited Investor.” The fringe market involving the sale of private placement investments to qualified investors pursuant to exemptions under Regulation D have exploded in the past ten years. Regulation D is an exception to the filing requirements for offering companies involving packaging and selling private placement investments to public investors. Unfortunately, many firms involved with the sale of private placements have abused these guidelines and have engaged in gaming of the accredited investor qualification requirements to advance the marketers self-interests in raising capital for their deals. 


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SEC Issues Report on Definition of Accredited Investor

Stockbroker Law - Tuesday, March 08, 2016
SEC Issues Report on Definition of Accredited Investor

On December 18, 2015 the United States Securities and Exchange Commission issued a Report on the Review of the Definition of “Accredited Investor.” The fringe market involving the sale of private placement investments to qualified investors pursuant to exemptions under Regulation D have exploded in the past ten years. Regulation D is an exception to the filing requirements for offering companies involving packaging and selling private placement investments to public investors. Unfortunately, many firms involved with the sale of private placements have abused these guidelines and have engaged in gaming of the accredited investor qualification requirements to advance the marketers self-interests in raising capital for their deals. 


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Regulation 200 and Life Insurance Death Benefits

Stockbroker Law - Tuesday, March 01, 2016
Regulation 200 and Life Insurance Death Benefits

An investigation by the New York State Department of Financial Services resulted in the return of more than $1,000,000,000 of unpaid life insurance benefits to consumers nationwide. New York State Law requires that life insurer’s perform frequent and regular checks against the Social Security Administration’s Death Master File (DMF) and pay death benefits to named beneficiaries under life insurance policies. 


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