Broker-Dealer Advisory & Counseling

Looking Forward

The new administration has installed leadership at the SEC that promises a more aggressive path for securities regulation. Market participants can expect more regulation by enforcement and less regulation by regulatory guidance. Market participants can also expect less regulatory leeway in addressing perceived faults or violations. The best antidote for this turn of events is for financial firms to establish clear internal policies and procedures to assure that rule compliance is fulfilled. And if regulatory inquiries take place, it is imperative to involve counsel at an early stage to optimize regulatory outcomes.