Broker Dealers

Broker Dealers

PCAOB Proposes New Standards

The Public Company Accounting Oversight Board has come up some new auditing standards, Reuters reports. The rules would affect about 5,000 broker-dealers. James Doty, chairman of the PCAOB, said “the intent here is to provide meaningful protection” for consumers. He says the new rules ...Read More

SEC Charges Janney Montgomery Scott Failed to Monitor Policies to Prevent Misuse of Material, Nonpublic Information

The Securities and Exchange Commission announced today that it brought and settled charges that Philadelphia-based broker-dealer Janney Montgomery Scott LLC failed to establish and enforce policies and procedures to prevent the misuse of material, nonpublic information, as required by law. Janney, without admitting or denying ...Read More
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