Unclaimed Property Settlement Reached After Multi-State Audit In late December 2014, Morgan Stanley and its affiliated companies became the first brokerage firm undergoing a multi-state unclaimed property audit to agree to the use of the Social Security Administration’s Death Master File (“DMF”) or state vital statistics records to identify deceased account owners as a means […]
Brokerage (13 articles)
Through revisions to SEC Rule 17Ad-17 in response to the Dodd-Frank bill of 2010, all brokers will soon face a new set of requirements to locate shareowners. Keane is ready to support brokerage firms in meeting these requirements.
Managing unclaimed property compliance is critical to a company’s risk and governance program. Key decision-makers, such as Chief Compliance Officers, must understand the fundamental unclaimed property principles while monitoring the legislative environment for the latest regulatory developments, industry updates and trends. In order to stay abreast of the legislative and regulatory landscape, those tasked with […]
Beginning tonight, the 2014 NICSA Strategic Leadership Conference will kick off in Hollywood, Florida at the Westin Diplomat. Keane Chief Operating Officer, Nick Nichols will serve as co-chair of this year’s conference, titled “Managing the Investment Firm in a Global World”. At the Strategic Leadership Conference, members will have the opportunity to network with fellow […]
The deadline has arrived for the broker-dealer community to comply with the new and amended Securities and Exchange Commission (“SEC”) regulations. The lost securityholder search requirements of SEC Regulation 17Ad-17, as well as a new requirement to notify unresponsive payees were extended to the broker-dealer community with the passage of the Dodd-Frank Act in 2010. […]
This year, New York has implemented changes in the process for reporting securities. We would like to call your particular attention to the instructions for transferring mutual fund and dividend reinvestment plan shares to the state of New York. This new reporting process may require you to contact the state to set up an account […]