On March 12, 2025, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 25-04, seeking public comment on its initiative to modernize regulatory requirements for Members and Associated Persons. The initiative aims to broadly review FINRA’s rules in light of evolving markets, technologies, and business practices.

Click here to read the full GT Alert.

Tags: FINRA, GT Insight, regulatory notice
Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of John Lukanski John Lukanski

For over 25 years, John Lukanski has worked on a nationwide basis with his broker-dealer, investment adviser, and other wealth management clients to support their business needs and handle their challenging and complex matters. These matters have included internal investigations, regulatory investigations by…

For over 25 years, John Lukanski has worked on a nationwide basis with his broker-dealer, investment adviser, and other wealth management clients to support their business needs and handle their challenging and complex matters. These matters have included internal investigations, regulatory investigations by the SEC, FINRA and state regulators, and litigation and FINRA arbitrations. He also has provided compliance and regulatory counseling to his clients, and helped his clients work through FINRA Rule 4530 and U4/U5 disclosure issues.

In addition, large financial institutions, such as deposit and commercial banks and trust companies, have sought John’s services in the courts, to defend their interests in high-stakes litigation. These matters have included defending allegations of fraud, fiduciary liability, breach of contract, and business-related torts. John also has handled many cases in both federal and state courts involving restrictive covenants.

Read more about John LukanskiJohn's Linkedin Profile
Show more Show less
Photo of William Mack William Mack

William B. Mack is a co-chair of the Financial Regulatory and Compliance Practice. He is experienced in advising companies on regulatory and compliance matters relating to the Securities and Exchange Commission regulations, the Exchange Act, Anti-Money Laundering laws and Financial Industry Regulatory Authority

…

William B. Mack is a co-chair of the Financial Regulatory and Compliance Practice. He is experienced in advising companies on regulatory and compliance matters relating to the Securities and Exchange Commission regulations, the Exchange Act, Anti-Money Laundering laws and Financial Industry Regulatory Authority (FINRA) rules.

William’s practice involves all aspects of broker-dealer regulation, including Self-Regulatory Organization (SRO) membership, supervision, employment, research, soft dollar arrangements, chaperoning of foreign broker-dealers, social media, use of foreign finders, anti-money laundering rules, alternative trading systems (ATS), exchanges, and market making issues. He also provides regulatory guidance to investment banking clients in connection with securities offerings and related trading issues.

Read more about William Mack
Show more Show less
Photo of Anne V. Dunne Anne V. Dunne

Anne V. Dunne focuses her practice on commercial litigation, concentrating on financial services, class action defense, government investigations, and whistleblower litigation. She handles claims in both state and federal courts on behalf of a wide range of clients, including consumer banks, financial services…

Anne V. Dunne focuses her practice on commercial litigation, concentrating on financial services, class action defense, government investigations, and whistleblower litigation. She handles claims in both state and federal courts on behalf of a wide range of clients, including consumer banks, financial services companies, national banks, mortgage lenders and servicers, credit card issuers, short-term lenders, student lenders, manufacturers, and large national retailers. Anne counsels clients on compliance with state and federal statutes and regulations, including TILA, FDCPA, TCPA, RESPA, ECOA, FCRA, Dodd-Frank, SOX, Chapter 93A, CUTPA, RFDCPA, and CCPA.

Additionally, Anne litigates claims of trade secret misappropriation, unfair competition, and breach of restrictive covenant agreements. She also represents corporations, officers, and directors on securities litigation matters, shareholder derivative actions, and other complex commercial disputes.

Read more about Anne V. Dunne
Show more Show less
Photo of Robert Long Robert Long

Robert Long previously served as a senior attorney at the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), and as a federal prosecutor with the U.S. Department of Justice (DOJ). Rob defends clients in government investigations and prosecutions,

…

Robert Long previously served as a senior attorney at the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), and as a federal prosecutor with the U.S. Department of Justice (DOJ). Rob defends clients in government investigations and prosecutions, spearheads special investigations, and advises financial services firms and market participants on regulatory, compliance, and cryptocurrency matters.

SEC Attorney Experience

Rob spent over ten years at the SEC in various capacities—Trial Attorney, Branch Chief, Senior Counsel, and Staff Attorney. In the SEC’s Division of Enforcement, Rob led enforcement litigation in federal courts and administrative proceedings, and directed/conducted complex investigations that resulted in significant enforcement actions, including halting a $160 million Ponzi scheme, charging a Fortune 500 company with FCPA violations, charging a Fortune 1000 company with accounting fraud, and prosecuting multiple insider trading cases and sophisticated market manipulation schemes. Rob also served in the SEC’s Division of Market Regulation (now the Division of Trading and Markets) where he reviewed market rules and analyzed market structure issues. While at the SEC, Rob served in the SEC’s Fort Worth and Washington, DC offices.

FINRA Attorney Experience

As a Senior Regional Counsel in FINRA’s Department of Enforcement in Dallas, Rob investigated violations of FINRA, SEC, and Municipal Securities Rulemaking Board (MSRB) rules, and the federal securities laws. Rob successfully handled enforcement cases involving high-frequency trading, complex products, inadequate anti-money laundering (AML) compliance programs, due diligence violations, supervision failures, misrepresentations in oil and gas offering materials, unsuitable recommendations, net capital violations, and broker misconduct.

DOJ Attorney Experience

Rob is a former federal prosecutor. As an Assistant U.S. Attorney (AUSA) for the District of Arizona in the Economic Crimes and Public Integrity Unit and as a Special AUSA for the Northern District of Texas, Rob worked closely with various law enforcement agencies, such as the Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), U.S. Secret Service, and Postal Inspection Service, to prosecute high-profile white collar and public integrity cases. His cases included a 12 defendant mortgage and loan fraud scheme, a “politically sensitive” case of “extreme importance,” and an oil and gas offering fraud scheme that was included in The President’s Financial Fraud Enforcement Task Force. Notably, Rob was selected by the U.S. Attorney for the District of Arizona to participate in DOJ’s nationwide “Election Day Program” to respond to complaints regarding election fraud and voting rights abuses during the November 7, 2006 general elections, and was a member of the Mortgage Fraud Task Force.

National Practice

Rob draws on his knowledge of the inner workings of regulatory and law enforcement organizations and his wide-ranging multi-agency experience when defending regulatory and white-collar investigations and prosecutions; advising corporations, hedge funds, broker-dealers, investment advisers, and other market participants on compliance and regulatory matters; and conducting internal investigations. Rob advises clients on matters involving the SEC, FINRA, DOJ, FBI, Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Public Company Accounting Oversight Board (PCAOB), Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other federal and state regulatory agencies, including the Texas State Securities Board (TSSB). Rob is regarded as a skilled attorney advising companies (public and private), senior executives, boards, directors, and other individuals in securities enforcement and government investigation matters.

Read more about Robert LongRobert's Linkedin Profile
Show more Show less
Photo of Leah Jacob Leah Jacob

Leah N. Jacob’s practice focuses on managing the prosecution and defense of consumer finance matters, with an emphasis on financial services litigation. She represents numerous financial clients, including major banking institutions and mortgage loan servicers, before the state and federal courts of New…

Leah N. Jacob’s practice focuses on managing the prosecution and defense of consumer finance matters, with an emphasis on financial services litigation. She represents numerous financial clients, including major banking institutions and mortgage loan servicers, before the state and federal courts of New York and New Jersey and the United States Bankruptcy Court. Leah’s practice encompasses all aspects of litigation, from the pleading stage through judgment, or resolution by settlement. Well-versed in a multitude of regulatory issues, including those related to the Truth in Lending Act (TILA), Department of Housing and Urban Development (HUD) regulations, Consumer Finance Protection Bureau (CFPB) regulations, and other state and federal laws, Leah uses a practical and collaborative approach to navigate legal issues for her clients.

Read more about Leah JacobLeah's Linkedin Profile
Show more Show less
Related Posts
shutterstock_529928383
CTA UPDATE: Enforcement Remains Suspended Despite U.S. Supreme Court Granting Stay of Preliminary Injunction
January 28, 2025
gavel-1100x413
CTA Update: Nationwide Preliminary Injunction Against CTA Reinstated
December 30, 2024
shutterstock_599600549
Reg BI Enforcement Intensifies: SEC Fines Western International Securities for Violating Care and Compliance Obligations
August 8, 2024