The Blog Of The Securities Industry Professional Association

Important Notice From Ken Norensberg

New Proposed Regulations Will Severely Restrict Your Business!
Regulatory Notice 10-01

Buried in the notice and the 90 page attachment are issues that affect your business including:

• Makes it extremely difficult to hire brokers that have been associated with Firms that
have had a “disciplinary history” which will prevent you from obtaining additional

• Changes the Safe Harbor rule limiting your expansion capabilities (makes you ask
permission from FINRA for virtually any new lines of business or expansions beyond
“safe harbor”). Again, preventing you from potential revenue while the district takes its
time to approve.

• Places additional burdens on the sale or transfer of YOUR business.

• Expands the definition of associated persons creating more work for you.

• Expands the definition of Statutorily Disqualified persons placing your licenses at risk.
Ask yourself these questions: Is FINRA actually an SRO? Are your needs being responded to
by the regulators? Are the new rules being enacted actually protecting the public or simply
draining YOUR time and YOUR resources?

My name is Ken Norensberg and I want to represent you on the FINRA board of

About me

I am the President and Chief Executive Officer of Four Points Capital Partners, LLC. (FPCP) an
Independent Broker Dealer located in New York City and have worked for the past 14 years with
Independent Broker Dealers. I started my career as a Registered Representative, a Manager on
Wall Street as well as VP of Business Development specializing in the Independent Broker
Dealer arena.

Additionally, I am the Managing Director of Luxor Financial Group, Inc. (LFG) a New York based
Compliance and Business Development Firm specializing in regulatory filings with the various
states and districts as well as business development platforms. My unparalleled experience in
virtually all aspects of owning and operating Independent Broker Dealers as well as my dealings
in the regulatory environment with Independent Broker Dealers makes me uniquely qualified for
the board position.

I graduated from the City University of New York, Brooklyn College with a Bachelor of Science
degree in Management and Finance and maintain the following FINRA and State licenses:
Series 4, 7, 24, 63 and 79.

In order to effectuate change I NEED TO GET ON THE BALLOT.

Please sign the attached petition so that we the Members can have a
strong and knowledgeable voice protecting the Members!

My door is always open. Please to not hesitate to contact me anytime. I can be reached at:
Tel: 347-284-0110 or by email:

All the best,


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June 7th, 2010



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