Good morning people; Hi boarddork I was not even going to bother with Ole Cactus new bubble gum phrase FINRA compliant investor, just like the other phase used was "The lead arrangers"many times more than necessary, All major houses are compliant and why would anyone deal with a no-name house anyway,... GL2U
A little extra ,I went down to the Gym early today lolol
Asking the broker direct questions is something else though
Broker-dealers may choose to structure their supervisory and compliance systems in different ways. No matter which particular structure is employed, compliance and legal personnel play a critical role in efforts by broker-dealers to comply with legal and regulatory requirements through the implementation of effective systems.
Liability for failure to supervise is a facts and circumstances determination. The purpose of these FAQs is to provide staff guidance to consider in assessing whether particular facts and circumstances result in potential supervisory liability for broker-dealers' compliance and legal personnel.1 The Exchange Act does not presume that a broker-dealer’s compliance or legal personnel are supervisors solely by virtue of their compliance or legal functions.2 Rather, the question is whether compliance or legal personnel have supervisory authority over business units or other personnel outside the compliance and legal departments as could be the case, for example, if a chief executive or operating officer also is the firm’s chief compliance officer. Supervisory authority also can be implicitly delegated to, or assumed by, compliance or legal personnel.
GoGoooooo COOP
Stay healthy people-Ts
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