In light of news events today with the WSJ Blog reported conviction of the Founder of Galleon on 14 Insider Trading charges (link to WSJ source http://blogs.wsj.com/marketbeat/2011/05/11/raj-rajaratnam-convicted-what-kind-of-time-are-we-talking/?mod=google_news_blog ), it creates a good opportunity to return to some points we had mentioned before on Twitter and on our FB Page in previous posts. CPAs are bound to high standards as Licensed professionals, in our education process we learn about Accounting, Business Law, Tax Law, Finance, Business Formation and more, much of this to avoid issues like "Insider Trading" and other issues in Business (through Knoweldge of and Compliance with the Rules).
For CPAs (like myself) with specific area expertise in Financial Services we go on to learn more about SEC Laws, FINRA Rules, Capital Markets, Securities and other related factors. In any Financial Services business and for all Investors in Capital Markets a very key and central Law is regarding "Insider Trading," the goal of which is to create a level playing field for Investors so that Market Participants with "Insider Information" are prohibited from Trading on that knowledge (and taking monetary gains on material non-public information) until it becomes Public Information (the goal is preventing Insiders from taking advantage of less informed Investors in the General Public). The best source for background on this is in my opinion the SEC itself follow this link the SEC on "Insider Trading" to Learn more http://www.sec.gov/answers/insider.htm.
Since the SEC is a key part of Financial Market Regulation. If you are an Investor or a participant in Financial Markets, you must know the rules so be sure to know all you can on "Insider Trading" and commit to not becoming a part of Insider Trading to best protect your Financial Assets, Individual Freedom and your Business Reputation all of which are valuable Assets.
On a related note of Interest, since part of what we are doing in career development is pursuing the CFA designation, we can also tell you that a portion of a CFAs preparation path at level 1 is dedicated to thoroughly understanding the rules of Insider Trading so as not to arrive in a position later down the road as an Investment Analyst or Portfolio Manager where you would violate these rules. Portfolio Managers, Reserchers and Analysts and others who are CFAs place significant care on the importance of not violating "Insider Trading" rules.
We believe that the SEC is a best source of definitions on "Insider Trading" so their link is provided here, but suffice to say that possession of Material Non-Public Information (as was indicated in the WSJ article on the Galleon / Rajaratnam case also cited above), followed by an action to Trade on that Information or Encourage others to Trade on that information would bring you into the Realm of Insider Trading. Insider Trading is about Information and the desire of our government to maintain a level playing field in Financial Markets where Financial Experts are restrained in ways that they expect will support Investor Protection by providing equal information opportunity.
While the SEC provides a key role in segments of Financial Market Regulation, there are also other relevant govenment regulators to consider in other Market Areas. For the context of our discussion here we are Focused on the SEC and their role on Insider Trading on Capital Markets, we would also like to introduce that FINRA a Self Regulating Organization (SRO) is the Financial Industries oversight body which functions to also protect Investors and diminish Insider Trading Operations by assisting in the Control of Market Data information by limiting channels for Insider Communications and otherwise protecting Investors.
Showing posts with label FINRA. Show all posts
Showing posts with label FINRA. Show all posts
Tuesday, October 2, 2012
Thursday, June 7, 2012
TFOG - 6/6/12 SRO FINRA
TFOG - 6/6/12 Select Updates in Rules from Our government with Financial Impacts: June 6th s updates were relevant to FINRA - the Securities Exchange SRO most directly associated with Broker-Dealers and Registered Investment Advisers.
FINRA:
1. Rule 4210 Margin Requirements
2. Trading halts due to Market Volatility
3. FINRA Rule 5270 - Front Running of block transactions
2012-13698
2012-13652
2012-13638
DCarsonCPA.com your link to the Practice of Dean T. Carson II, CPA here to support Clients on Accounting, Taxes, Compliance, Advisory, Analysis, related Research and more. Working with hands on skills, knowledge, teamwork and research to support Financial Decision Makers in broad areas. Learn more at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com .
FINRA:
1. Rule 4210 Margin Requirements
2. Trading halts due to Market Volatility
3. FINRA Rule 5270 - Front Running of block transactions
2012-13698
2012-13652
2012-13638
DCarsonCPA.com your link to the Practice of Dean T. Carson II, CPA here to support Clients on Accounting, Taxes, Compliance, Advisory, Analysis, related Research and more. Working with hands on skills, knowledge, teamwork and research to support Financial Decision Makers in broad areas. Learn more at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com .
Friday, February 3, 2012
Updates on the Key Points
The Key Points is Our Blog following Policy and Standard updates on the National Level, at times we update the Blog Daily for New Rules and Standards, other times we will group them and periodically update. In either event the purpose is to communicate the point that we are following the Broad Spectrum of Updates that can impact your Financials and related Reporting.
Our Practice values compliance and knowing where to go in the Standards for diverse needs when facing different lines of Business or Elements of Accounting. Our role is flexible, powered by hands on experience and research, we are adaptable and can readily change focus to the points that correspond to your Business wether focused on SEC, FINRA, Taxes, Labor, Pension or other needs there are many points of intersection between the Standards of Accounting under GAAP and other needs of Compliance under US Law. We make it a point to be adapt in connecting these points for better support and Compliance. This is also because we seek the opportunity to support Attorneys on corresponding needs for Litigation and Case Work in areas ranging from Bankriptcy to Securities Law to other elements on Expert Testimony.
As a practice built from Hands on Experience in ownership of Operating Financials and Audit we carry the dual perspective of the operational, analytical and reporting elements of your Accounting. We add value for analysis and strength for compliance.
DCarsonCPA.com working for Clients, connecting the line on Decision Making for Government, Industry, Business, Non Profit and Individual Financials. Call us to connect on your needs for Services or interests in where we can assist.
Our Practice values compliance and knowing where to go in the Standards for diverse needs when facing different lines of Business or Elements of Accounting. Our role is flexible, powered by hands on experience and research, we are adaptable and can readily change focus to the points that correspond to your Business wether focused on SEC, FINRA, Taxes, Labor, Pension or other needs there are many points of intersection between the Standards of Accounting under GAAP and other needs of Compliance under US Law. We make it a point to be adapt in connecting these points for better support and Compliance. This is also because we seek the opportunity to support Attorneys on corresponding needs for Litigation and Case Work in areas ranging from Bankriptcy to Securities Law to other elements on Expert Testimony.
As a practice built from Hands on Experience in ownership of Operating Financials and Audit we carry the dual perspective of the operational, analytical and reporting elements of your Accounting. We add value for analysis and strength for compliance.
DCarsonCPA.com working for Clients, connecting the line on Decision Making for Government, Industry, Business, Non Profit and Individual Financials. Call us to connect on your needs for Services or interests in where we can assist.
Saturday, October 1, 2011
FINRA Small Firms Information - A Resource for Firms With 150 or Fewer Reps
Part of Our Intention is to support SEC and FINRA Registered Firms with your needs for Accounting, Operations Consulting, and Compliance, either directly (where sponsored) or through partnerships. A key part of that Begins with our ability to connect with key knowledge of Federal, State and Local Regulatory and SRO Resources. In the same way Accounting is portable skill set, so is the art of Compliance once you have it in context of the Regulatory Framework for Compliance. Accounting, Taxes, Operations and Compliance represent broad areas of practice, but the real key is working smart with resources to find your authoritative framework and then to design and implement Operations, Control and Oversight procedures that meet the targeted objective of Compliance wether you are considering Tax Law, Employment Law, ERISA / Pension Laws or other matters. The importance is to connect with the right resources to support the area you need for services.
In the realm of Entities including FINRA SROs for Small Firms with less than 150 Registered Representatives a good starting resource can be:
Small Firms Information at FINRA
Note: Series Licenses apply to certain elements of working with Broker-Dealers and FINRA member firms, in the same way that PCAOB registration would be required for Broker-Dealer Audits. Our Intention is to work in the positions where we are able to do so with member firms on the advisory / consulting end where currently acceptable and registrations are not required and we are also open to work with you where registration is required if you provide sponsorship. Where registrations are not currently required (please confirm with your coordinator and we will also clear with FINRA and the SEC) and over time to pursue PCAOB Registration if approached for Broker-Dealer Audits.
In every occurence our prior Experience on FINOP reporting, with Operations, Operational Audits, Controls, SEC Audits and FINRA Audits from the Controlling End will add value to Our Clients as will also our Proven Accounting, Financial and Management Reporting, Net Capital Reporting Analysis, Taxation, Operations skills and ability to connet with SEC and FINRA rules at the source along with Financial Rules like AML, KYC and more.
We support Clients through knowledge of Accounting, Finance, Taxes, Operations, Controls, Regulations, Financial Services expertise and smart skills with Research. Quickbooks and other Accounting Systems and Business Analysis skills are a given. DCarsonCPA.com is here to support Financial Services and General Business, Non Profits and Individuals find us at www.dcarsoncpa.com and reach out to us at info@dcarsoncpa.com
In the realm of Entities including FINRA SROs for Small Firms with less than 150 Registered Representatives a good starting resource can be:
Small Firms Information at FINRA
Note: Series Licenses apply to certain elements of working with Broker-Dealers and FINRA member firms, in the same way that PCAOB registration would be required for Broker-Dealer Audits. Our Intention is to work in the positions where we are able to do so with member firms on the advisory / consulting end where currently acceptable and registrations are not required and we are also open to work with you where registration is required if you provide sponsorship. Where registrations are not currently required (please confirm with your coordinator and we will also clear with FINRA and the SEC) and over time to pursue PCAOB Registration if approached for Broker-Dealer Audits.
In every occurence our prior Experience on FINOP reporting, with Operations, Operational Audits, Controls, SEC Audits and FINRA Audits from the Controlling End will add value to Our Clients as will also our Proven Accounting, Financial and Management Reporting, Net Capital Reporting Analysis, Taxation, Operations skills and ability to connet with SEC and FINRA rules at the source along with Financial Rules like AML, KYC and more.
We support Clients through knowledge of Accounting, Finance, Taxes, Operations, Controls, Regulations, Financial Services expertise and smart skills with Research. Quickbooks and other Accounting Systems and Business Analysis skills are a given. DCarsonCPA.com is here to support Financial Services and General Business, Non Profits and Individuals find us at www.dcarsoncpa.com and reach out to us at info@dcarsoncpa.com
Wednesday, May 11, 2011
Investor Protection Awareness - is a key personal Obligation for any Investor
Investor Protection Awareness (IPA) is a key personal Obligation for any Investor, to be willing to Invest in Capital Markets or other Investments, a prudent first step is to inform yourself about how Financial Investments and the Markets work. This process begins with an Individual taking responsibility for their interest to invest by preparing with some reasonable learning on the front end to make better informed Investing decisions and to protect their Individual Assets. While Investing is a personal decision and a personal responsibility, our government at the Federal and State levels works very hard to assist in educating consumers on how to best protect themselves in the process and these efforts are referred to as "Investor Protection Awareness." We care about your Business and your Finances as CPAs and Trusted Advisors so we wanted to take some time here to share these resources for your in an easy to find manner for your best benefit in consideration of Investments.
On the Federal Level the SEC's website Investor.gov is a good starting point, next up we recommend FINRA's (SRO of the Financial Industry) site http://www.finra.org/Investors/. Thereafter you can find more information on Investor Protection Awareness that is broader than Financial Markets at the State Levels for many areas of Personal Financial Decision making. The IPA websites are generally on your State Attorney Generals websites and if you should have related issues with Investment Fraud or attempted Fraud, your State OAG is there to help, if the issue crosses state lines - call the SEC and they can help.
We are providing links for New York (NY), Connecticut (CT), California (CA) and Texas (TX) if we did not cover your area please Google "Investor Protection Awareness" or go to your State Attorney General's website (we used CT Dept. of Banking for CT IPA) as a key start point to find your state level IPA.
On the Federal Level the SEC's website Investor.gov is a good starting point, next up we recommend FINRA's (SRO of the Financial Industry) site http://www.finra.org/Investors/. Thereafter you can find more information on Investor Protection Awareness that is broader than Financial Markets at the State Levels for many areas of Personal Financial Decision making. The IPA websites are generally on your State Attorney Generals websites and if you should have related issues with Investment Fraud or attempted Fraud, your State OAG is there to help, if the issue crosses state lines - call the SEC and they can help.
We are providing links for New York (NY), Connecticut (CT), California (CA) and Texas (TX) if we did not cover your area please Google "Investor Protection Awareness" or go to your State Attorney General's website (we used CT Dept. of Banking for CT IPA) as a key start point to find your state level IPA.
Insider Trading, know the Rules and related notes.
In light of news events today with the WSJ Blog reported conviction of the Founder of Galleon on 14 Insider Trading charges (link to WSJ source http://blogs.wsj.com/marketbeat/2011/05/11/raj-rajaratnam-convicted-what-kind-of-time-are-we-talking/?mod=google_news_blog ), it creates a good opportunity to return to some points we had mentioned before on Twitter and on our FB Page in previous posts. CPAs are bound to high standards as Licensed professionals, in our education process we learn about Accounting, Business Law, Tax Law, Finance, Business Formation and more, much of this to avoid issues like "Insider Trading" and other issues in Business.
For CPAs (like myself) with specific area expertise in Financial Services we go on to learn more about SEC Laws, FINRA Rules, Capital Markets, Securities and other related factors. In any Financial Services business and for all Investors in Capital Markets a very key and central Law is regarding "Insider Trading," the goal of which is to create a level playing field for Investors so that Market Participants with "Insider Information" are prohibited from Trading on that knowledge (and taking monetary gains on material non-public information) until it becomes Public Information (the goal is preventing Insiders from taking advantage of less informed Investors in the General Public). The best source for background on this is in my opinion the SEC itself follow this link the SEC on "Insider Trading" to Learn more http://www.sec.gov/answers/insider.htm.
Since the SEC is a key part of Financial Market Regulation. If you are an Investor or a participant in Financial Markets, you must know the rules so be sure to know all you can on "Insider Trading" and commit to not becoming a part of Insider Trading to best protect your Financial Assets, Individual Freedom and your Business Reputation all of which are valuable Assets.
On a related note of Interest, since part of what we are doing in career development is pursuing the CFA designation, we can also tell you that a portion of a CFAs preparation path at level 1 is dedicated to thoroughly understanding the rules of Insider Trading so as not to arrive in a position later down the road as an Investment Analyst or Portfolio Manager where you would violate these rules. Portfolio Managers, Reserchers and Analysts and others who are CFAs place significant care on the imortance of not violating "Insider Trading" rules.
We believe that the SEC is a best source of definitions on "Insider Trading" so their link is provided here, but suffice to say that possession of Material Non-Public Information (as was indicated in the WSJ article on the Galleon / Rajaratnam case also cited above), followed by an action to Trade on that Information or Encourage others to Trade on that information would bring you into the Realm of Insider Trading. Insider Trading is about Information and the desire of our government to maintain a level playing field in Financial Markets where Financial Experts are restrained in ways that they expect will support Investor Protection by providing equal information opportunity.
While the SEC provides a key role in segments of Financial Market Regulation, there are also other relevant govenment regulators to consider in other Market Areas. For the context of our discussion here we are Focused on the SEC and their role on Insider Trading on Capital Markets, we would also like to introduce that FINRA a Self Regulating Organization (SRO) is the Financial Industries oversight body which functions to also protect Investors and diminish Insider Trading Operations by assisting in the Control of Market Data information by limiting channels for Insider Communications and otherwise protecting Investors.
For CPAs (like myself) with specific area expertise in Financial Services we go on to learn more about SEC Laws, FINRA Rules, Capital Markets, Securities and other related factors. In any Financial Services business and for all Investors in Capital Markets a very key and central Law is regarding "Insider Trading," the goal of which is to create a level playing field for Investors so that Market Participants with "Insider Information" are prohibited from Trading on that knowledge (and taking monetary gains on material non-public information) until it becomes Public Information (the goal is preventing Insiders from taking advantage of less informed Investors in the General Public). The best source for background on this is in my opinion the SEC itself follow this link the SEC on "Insider Trading" to Learn more http://www.sec.gov/answers/insider.htm.
Since the SEC is a key part of Financial Market Regulation. If you are an Investor or a participant in Financial Markets, you must know the rules so be sure to know all you can on "Insider Trading" and commit to not becoming a part of Insider Trading to best protect your Financial Assets, Individual Freedom and your Business Reputation all of which are valuable Assets.
On a related note of Interest, since part of what we are doing in career development is pursuing the CFA designation, we can also tell you that a portion of a CFAs preparation path at level 1 is dedicated to thoroughly understanding the rules of Insider Trading so as not to arrive in a position later down the road as an Investment Analyst or Portfolio Manager where you would violate these rules. Portfolio Managers, Reserchers and Analysts and others who are CFAs place significant care on the imortance of not violating "Insider Trading" rules.
We believe that the SEC is a best source of definitions on "Insider Trading" so their link is provided here, but suffice to say that possession of Material Non-Public Information (as was indicated in the WSJ article on the Galleon / Rajaratnam case also cited above), followed by an action to Trade on that Information or Encourage others to Trade on that information would bring you into the Realm of Insider Trading. Insider Trading is about Information and the desire of our government to maintain a level playing field in Financial Markets where Financial Experts are restrained in ways that they expect will support Investor Protection by providing equal information opportunity.
While the SEC provides a key role in segments of Financial Market Regulation, there are also other relevant govenment regulators to consider in other Market Areas. For the context of our discussion here we are Focused on the SEC and their role on Insider Trading on Capital Markets, we would also like to introduce that FINRA a Self Regulating Organization (SRO) is the Financial Industries oversight body which functions to also protect Investors and diminish Insider Trading Operations by assisting in the Control of Market Data information by limiting channels for Insider Communications and otherwise protecting Investors.
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