Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes matters.
Operating at the intersection of business, finance, and government, we bring an unwavering commitment to client service and the decisive counsel that helps clients achieve exceptional results.
Consistently recognized for innovation across legal services, we combine sharp judgment with deep commercial perspective and intellectual rigor to address critical, cutting-edge challenges.
With 3,100 lawyers worldwide, we offer global scale with strong local insight in the markets that matter most. Our commitment extends beyond client work through pro bono activities, community investment, and responsible business practices.
A broker-dealer settled FINRA charges for bidding for, and purchasing, an issuer's securities during a restricted period in violation of Rule 101 of SEC Regulation M.
within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)
A broker-dealer settled FINRA charges for bidding for, and
purchasing, an issuer's securities during a restricted period
in violation of Rule 101 of SEC Regulation M.
FINRA also alleged the broker-dealer failed to (i) provide
complete or timely notifications to FINRA under Rule 5190 regarding the
firm's participation in the securities offerings, or (ii)
implement supervisory procedures reasonably designed to assure
compliance with the requirements of Regulation M and related FINRA
reporting requirements.
To settle the charges, the broker-dealer agreed to (i) a
censure, (ii) a fine of $120,000 and (iii) an undertaking to revise
its written supervisory procedures.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
