FINRA Clarifies “Know Your Customer” and “Suitability” Rules
10/1/12
By Joyce Mocek
FINRA Rule 2090, effective July 9, 2012, has streamlined and replaced the former NASD Rule 405, the “Know Your Customer” standard. The new rule contains a “reasonable diligence” standard, compared to the old rule requirement of “use …
California Becomes Third State to Limit Access to Employees' Social Media Accounts
10/1/12
By: David Cole
On Thursday, Governor Jerry Brown signed a new law that significantly limits when California employers may ask employees and job applicants for social media information. Under the new law, an employer cannot require or request an employee …