Foley Partner Richard Wallace authored an article titled “FINRA Proposes New Suitability and ‘Know Your Customer’ Rules” in the 3rd Quarter 2009 issue of TIC Talk Quarterly. Wallace discusses the Financial Industry Regulatory Authority’s (FINRA) proposed rules for suitability and know-your-customer obligations and their implications for tenant in common (TIC) transactions. He adds that the proposed rules are likely to be accompanied by increased supervision and enforcement, noting that broker-dealers will need to be able to not only demonstrate appropriate policies and procedures with respect to determination of suitability, but also adequate training, supervision and disciplinary action with respect to licensed professionals.
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18 February 2025
Labor & Employment Law Perspectives
Noncompete Bans – Next Up: Ohio
This month, Ohio joined the list of states with pending legislation to ban noncompetes. With the FTC noncompete ban blocked on a nationwide basis last year, Ohio lawmakers introduced a bill on February 5, 2025, that would ban noncompete contracts as a condition of employment in the state.
18 February 2025
DEA Delays Final Buprenorphine Rule
The Department of Health and Human Services and the Drug Enforcement Administration have delayed the effective date of the final rule regarding telemedicine prescribing of buprenorphine to March 21, 2025, and have requested public comments on the rule.
17 February 2025
Foley Viewpoints
6 Steps to Manage Tariff Risks in a Trade War
As Trump seeks to raise U.S. tariffs (which currently tend to be among the lowest worldwide), manufacturers, distributors, retailers, and other companies that frequently import must determine the best strategy to deal with the resulting uncertainties.