On November 27, the Department of Labor announced an implementation extension for certain controversial provisions of its “Fiduciary Duty Rule’ that was effective in April 2017. The provisions covering exemptions for best-interest contracts and principal transactions will now go into …
Author: Marcia Larson
→Marcia Larson is Vice President, Faculty, at Knopman Marks Financial Training, New York, NY. She has extensive experience in financial licensing and regulatory training, having authored, developed and presented courseware for numerous securities and insurance exam preparation and continuing education and compliance programs. Before joining Knopman Marks, Marcia was Director of Annuity Products and Business Development at CUNA Mutual Group, where she developed and marketed industry-leading annuity products and retirement solutions and implemented distribution relationships. She was previously VP, Securities Products for Kaplan Financial, managing securities training products and subsequently, international training and businesses development. Marcia has trained thousands of financial industry exam candidates throughout their careers, and also college students as an adjunct professor. Marcia was a summa cum laude graduate of Wartburg College with degrees in Business Administration and Piano Performance. Marcia also holds the designations of Chartered Financial Consultant® (ChFC®), Chartered Life Underwriter (CLU®), Certified Employee Benefit Specialist (CEBS), and Fellow Life Management Institute™ (FLMI®). She currently teaches the SIE, Series 6, 7, 24, 50, 52, 63, 65, and 66 exams.
FINRA has announced an exclusive exam delivery relationship with Prometric beginning January 1, 2018. This relationship applies to all FINRA exams worldwide. The final date for exam candidates to take FINRA exams at Pearson Vue testing centers is …
The MSRB recently amended its customer complaint and related investor brochure rules (Rule G-10). Registered municipal dealers, broker-dealers, and municipal advisors (“municipal firms”) are now required to keep an electronic log of all written complaints from customers or …
FINRA has released updates about the implementation of the SIE exam in a Regulatory Notice posted on October 5, 2017 (http://www.finra.org/sites/default/files/Regulatory-Notice-17-30.pdf). Below is a quick summary of important information related to the exam restructuring: The effective date of …
Effective September 5, 2017, the standard settlement cycle for most U.S. securities transactions will be shortened by one business day to T+2 (trade date plus 2 business days). According to the SEC, this will improve operational efficiency, reduce …
Are you keeping pace with the hot topics of our industry? Staying current and compliant is not always easy with the frequency of regulatory change. In fact, it’s been said that our industry is a victim of “regulatory …