09/24/2014 08:30 a.m. - 09:30 a.m. EDT
Capital Markets, Banking + Financial Services, Financial Institutions + Financial Services, and Investment Management
Morrison & Foerster LLP
250 W 55th Street
New York, NY 10019
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Fixed income pricing is the Wild West of compliance. While stock traders can rely upon FINRA’s bright line of 5%, there is little comparable guidance in trading bonds; through its enforcement actions, FINRA tells the industry what prices are excessive, but provides little to no guidance on what prices are acceptable. In addition, FINRA frequently second-guesses prices on transactions in illiquid or distressed debt that reflect a high level of effort and a high level of customer satisfaction.
On September 24th, veteran of FINRA and SEC Enforcement, MoFo Partner Daniel Nathan and Managing Attorney at Raymond James, Jonathan Stein, will review the regulatory landscape regarding fixed income pricing, and provide practical suggestions of how to demonstrate to the examiners and enforcers that your pricing was fair.
CLE Credit is pending.
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