The SEC and FINRA have a quite complicated set of rules and regulations impacting the securities business. Add on to that all of the recent Federal legislation effecting securities, banking, credit and you may find yourself in a confusing position. We worked for four years in the Department of Enforcement at the New York Stock Exchange, as well as, in-house at Prudential Securities and PaineWebber Securities as legal counsel for regulatory matters. We have represented broker/dealers before the SEC, FINRA (previously the NYSE and the NASD) as well as various State regulators.