BRAEDEN ANDERSON
Welcome to Anderson Insights!
I'm a partner at Gesmer Updegrove LLP, where I lead the Securities Regulatory and Enforcement and Digital Assets practice areas. I’ve served as Assistant General Counsel at Robinhood, practiced at Kirkland & Ellis and Sidley Austin, and represented clients in high-stakes matters before the SEC, DOJ, FINRA, and state regulators.
I've been recognized by U.S. Best Lawyers: Ones to Watch® for Financial Services and Securities Regulation, and listed in Marquis Who’s Who in America for contributions to law and public service.
Please enjoy our work. I hope you find what you’re looking for. And if you want to talk something through, don’t hesitate to reach out. I’d love to hear from you. It’s really cool when readers become clients.
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Regulatory Notice 24-11: Updated Interpretations of FINRA’s Margin Rule
FINRA has announced an important update to the set of interpretations for its Margin Rule, FINRA Rule 4210. These updated interpretations, now effective, are available on the FINRA website. To help member firms navigate these changes, FINRA has also released a comprehensive guide. This guide includes a text comparison with the previous interpretations, published on October 27, 2021, and provides additional information about the updates.
FINRA’s Landmark Action on Social Media Influencer Programs
In a significant development, FINRA has imposed an $850,000 fine on a financial services firm for violations related to its use of social media influencers. This marks the first enforcement action by FINRA concerning a firm's supervision of social media influencer activities.