While it is pretty likely that anyone reading this is already familiar with the Wells process, I am going to start with a short history lesson.
Way back in 1972, the SEC created an Advisory Committee to take an objective
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The SEC’s Krackdown On Staking-As-A-Service
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Time Never Matters To Regulators, Until It Does
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So You Received A Rule 4111 Letter From FINRA Informing You That You’re Presumptively A “Restricted Firm.” Now What??
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Determining Chief Compliance Officer Liability Isn’t Really That Confounding
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Equitable’s Settlement With The SEC Demonstrates That A Single Customer Complaint Can Serve As Notice Of A Systemic Issue
Last week I posted a blog about the dangers of not heeding findings made during a regulatory exam, at least findings of clear, undisputable compliance issues that cannot be meaningfully defended. Today I am writing to highlight a corollary rule:
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