E.U. regulator the European Securities and Markets Authority (ESMA) has had a busy summer, with its latest efforts being the publication of guidelines regarding the cooperation between authorities under the Central Securities Depositories Regulation (CSDR). The CSDR is intended to ensure competent authorities (CAs) work together to apply the legislation in a consistent, efficient and effective supervisory manner…. Read More >>
LPL Financial to Pay $3.4M to Settle REITS, ETF Probes
Broker-dealer LPL Financial will be paying $3.4 million in settlements and penalties after allegations that the firm failed to properly handle the sales and oversight of complex, leveraged exchange traded funds (ETFs) and non-traded, real estate investment Trusts (REITs). In a settlement with Massachusetts and Delaware, the firm will be paying approximately $2 million to… Read More >>
