The SDDco Client Update
The SDDco Client Update is an action oriented email prepared in-house, tailored to client needs, and sent as an adjunct to our online newsletter. Verified newsletter subscribers receive our Client Update once each month.
The SDDco Client Update is intended to provide general information only. It is not intended as, and should not be taken as, financial, tax, accounting, legal, consulting or any other type of advice specific to you or your firm. Users of the SDDco Client Update should not act or refrain from acting on the basis of information provided on the sddco.com website. Always check with your accountant and/or attorney.
On July 7, 2017, the SEC approved a FINRA rule proposing amendments to the qualification and registration requirements for associated persons to broker-dealers. Once in effect, FINRA Rule 1210 will “streamline competency exams” and make it easier for professionals to enter or re-enter the securities industry. Key Changes to the Qualification Exam Program When FINRA
Per the CFTC’s Division of Swap Dealer and Intermediary Oversight Exemptive Letter No. 17-24 of April 20, 2017, registered commodity trading advisors (CTA) can be relieved from keeping the books and records at the main business office. Any CTA using a third-party recordkeeper must file a notice of claim with the CFTC following the procedures