In recent speeches, two Securities and Exchange Commission (SEC) commissioners, Caroline Crenshaw and Hester Peirce took opposite stands during a central debate. The big question was, are all Cryptocurrencies securities? Caroline Crenshaw’s View Caroline Crenshaw maintained that she views Cryptocurrencies more like securities. She supported her argument by pointing out the agency’s history of enforcement actions going back to 2017. Caroline Crenshaw disagreed with Hester Pier
The Financial Industry Regulatory Authority (FINRA) examines how brokerage firms utilize social media platforms and influencers to acquire new business. The focus is on any website or application that allows users to generate and share content or network socially, including Reddit, Twitch, Stocktwits, TikTok, YouTube, Twitter, Facebook, and Instagram. Definition of a Social Media Influencer In general, a social media influencer is anyone with a reputation of being knowledgeab
Starting from 2022, all Charles Schwab custodians must have cyber liability and E&O insurance coverage. This mandate means that all RIAs must have a minimum of $1 million worth of insurance to cover cybercrime and industry fraud. RIAs have the option of adding a cybersecurity component to their E&O policies or buying a standalone cybersecurity insurance policy. At this time, only 76% of Schwab RIAs have cybersecurity insurance, according to Schwab's 2021 RIA Benchmarking stud
Need more details? Contact us
We are here to assist. Contact us by phone, email or via our social media channels.