Jackson Ross PLLC

Are You Prepared? Tough New York Cybersecurity Rules Now in Effect

On March 1, 2017, the New York State Department of Financial Services’ (“DFS”) “Cybersecurity Requirements for Financial Services Companies,” 23 NYCRR 500 (the “Regulations”), went into effect. The final version of the Regulations, originally proposed on September 28, 2016, are relatively unchanged from the revised version announced on December 28, 2016 and are available here. […]

Overview of Brokers, Dealers, Broker-Dealers, and Related Regulations

Many businesses grow to a certain size and then decide that they would like to drum up capital by selling stock. In order to issue securities such as common stock, businesses must comply with the Securities and Exchange Commission’s (SEC) regulations concerning the sale of securities. Companies that are looking to have their securities listed […]

Know Your Customer and Anti-Money Laundering Compliance

Financial institutions and banks, no matter how small, have the potential to be used and abused by customers for the purpose of facilitating money laundering activities. Money laundering, which is the act of hiding the existence of money or the source of the money so that the source appears legitimate, is often used to facilitate […]