December 18, 2017
There are many areas to look at in making sure you are prepared for your next FINRA audit. FINRA has done their part in helping you prepare, by releasing their 2017 Examination Findings Report so that firms "can further improve their compliance functions based on the experiences of other firms"...Read More
November 28, 2017
FINRA has been providing tools, templates, and resources for firms with 150 or fewer registered representatives for some time and their annual Small Firm conference was recently held in Santa Monica...Read More
September 20, 2017
As the sophistication of technology used by the insurance and financial services industry is constantly evolving, so too are the cyber threats that we face. Regulators see cyber and data security as some of the biggest threats to consumer protection, and they are increasing cyber regulations to protect those consumers - New York's new cybersecurity standard is just the beginning...
By: Chris GillespieRead More
March 6, 2017
In the securities industry, FINRA requires that all registered representatives disclose any outside business activity (OBA) including compensation that is earned outside of the scope or relationship of their firm. The goal is to ensure that these activities aren't interfering with the firm or affecting clients in any way. But what is considered an OBA? How do reps ensure that they are complying with this rule? What practices should your businesses follow to ensure you're effectively monitoring and supervising your team...Read More
January 31, 2017
Successful compliance professionals constantly evolve, hurdling over compliance-risk obstacles to keep business humming. This meanings keeping a finger on the pulse of regulatory change and savvy decision making to leverage it for a competitive edge. And this year, we're holding two!Read More
December 8, 2016
In light of FINRA's recent focus on conflicts, how many broker-dealers and other investment firms are singing the tune?
"Should I stay or should I go now?"
By: Neal HamiltonRead More
May 06, 2016
The fiduciary rule has been the topic of the financial services industry for quite some time, but now that it has been approved, industry concerns continue to increase. For those that are unfamiliar with the rule, here's the quick scoop: The rule, according to investment news, "requires that brokers act in clients" best interests"when providing retirement planning advice. Although many financial advisors...
By: Tim OwenRead More
March 11, 2016
As you may already be aware, the SEC has approved FINRAs proposal for an amendment to Rule 2210 ? Communications with the Public, but with implementation deadlines nearing, we're addressing a few questions that we've heard from our customers to help prepare you! Here's a quick overview of the rule: This requirement means that each of a member firm's websites must include a...
By: Doug VincensRead More
November 24, 2015
At the recent SILA National Education Conference, the update to FINRA Rule 3110(e) and its resulting burden placed on member firms, generated quite a bit of chatter during the FINRA sessions. As you are likely aware, FINRA has been using a public records search vendor to identify potentially missing disclosures and then notifying the firms to address any discrepancies immediately. In most cases...
By: Doug VincensRead More