FINRA Sanctions Rep Over Fidelity Computer Equipment Purchase Assistance Program

We know that FINRA has been investigating numerous individuals who had worked at Fidelity, in connection with a benefit program they maintained, the Computer Equipment Purchase Assistance Program, which would allow employees to seek partial reimbursement for a personal computer purchase or related items every few years. Last week, on February 7, 2019, FINRA accepted […]

FINRA Announces 529 Plan Share Class Initiative

In late January 2019, FINRA issued Notice 19-04, announcing their 520 Plan Share Class Initiative, and offering broker-dealers the opportunity to self-report supervisory-related violations relating to certain sales of 529 plans to investors. Broker-dealers should carefully review this notice with their legal and compliance team, and evaluate their exposure, if any, to regulatory action.