Author Archives: Jennifer Lipner

ABA Compliance Center Inbox, July/August 2017

Q: If a trust department is exempt from the definition of “broker” due to the “chiefly compensated calculation,” would referrals made by bank employees to the Trust Department be exempt from the referral restrictions of Regulation R? A: The trust exemption provides an exemption with respect to trust activities. A referral by a bank employee that doesn’t involve investment products ...

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Highway Robbery

Let’s hope the FAST Act’s thievery serves as a wake-up call to banks that our industry is much stronger when we fight together.

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