TreatiseTreatise

Broker-Dealer Regulation (Second Edition)

 by
 
 Copyright: 2011-2018
 Last Updated: September 2018

 Product Details >> 

Product Details

  • ISBN Number: 9781402416897
  • Page Count: 5770
  • Number of Volumes: 4
  •  

Updated to ensure coverage of the latest laws and regulations governing broker-dealers, the second edition of Broker-Dealer Regulation provides comprehensive and practical overview of the many requirements of this highly regulated area. This two-volume work instructs on how brokerage firms can satisfy SEC/SRO standards, with detailed coverage of:

  • Registration reporting and record-keeping rules
  • Suitability and best execution standards
  • Ways of minimizing liability in the event of legal lapses, by documenting good-faith compliance efforts
  • The implementation of a tailor-made compliance program that can help detect and prevent illegal conduct within the firm.

Broker-Dealer Regulation is filled with practical suggestions on how to best comply with requirements in such areas as electronic trading, safeguarding customer information, trading desk activities and business continuity planning. Coverage includes FINRA Rule 2111, which governs what are and what are not suitable customer transactions • the SEC’s renewed emphasis on pursuing insider trading claims under 10b5-2 • the SEC’s Rule 15c3-5 on allocation between clearing firm and introducing broker in connection with risk management controls for clearing firms providing market access • and outsourcing issues for financial services firms.

Updated at least once a year, Broker-Dealer Regulation is an invaluable resource for broker-dealers, securities attorneys, compliance officers, and regulators.
  Table of Contents
  Preface
Chapter 1: Introduction
  • § 1:1 : Overview1-1
  • § 1:2 : The Pattern of Broker-Dealer Regulation1-2
  • § 1:3 : Structure of This Book1-3
Chapter 2: What Is a Broker-Dealer?
  • § 2:1 : Exchange Act Registration Requirement2-4
    • § 2:1.1 : Section 152-4
    • § 2:1.2 : Consequences of Registration2-6
    • § 2:1.3 : Application of Certain Rules to Broker-Dealers Even If Not Registered2-9
    • § 2:1.4 : State Registration Requirements2-10
    • § 2:1.5 : Consequences of Illegally Doing Business As an Unregistered Broker-Dealer2-11
  • § 2:2 : What Is a Broker?2-12
    • § 2:2.1 : Generally2-12
    • § 2:2.2 : Effecting Transactions2-13
    • § 2:2.3 : Clerical and Ministerial Activities2-15
    • § 2:2.4 : “In the Business”2-15
    • § 2:2.5 : “For the Account of Others”2-17
    • § 2:2.6 : Role of Compensation in Analysis2-18
    • § 2:2.7 : Specific Contexts2-22
      • [A] : Finders2-22
      • [B] : Private Placement Agents2-23
      • [C] : M&A Brokers2-26
        • [C][1] : Private Company M&A Broker No-Action Letter2-29
        • [C][2] : Foreign M&A Brokers2-31
      • [D] : Networking Arrangements2-32
        • [D][1] : Banks2-32
        • [D][2] : Insurance2-34
      • [E] : Issuers and Their Associated Persons2-35