Proper recordkeeping of client communications is critical
There’s more to the client discovery process than checking off boxes on a KYC form
Bereskin sanctioned for inadequate due diligence
No clients suffered any financial loss as a result of Jannetta’s misconduct
Nivet updated forms and signatures without contacting clients
Reps acting contrary to MFDA rules
Comments due by Dec. 16
Deficiencies at De Thomas Financial earn $10,000 fine
Dealers and advisors obligated to “know your client”, “know your product”
Jenset permitted a non-registrant to perform “know your client” obligations