FINRA Regulatory and Examination Priorities for 2016
Instructors will discuss, dissect and interpret FINRA’s 11th annual “Regulatory and Examination Priorities Letter,” which highlights both emerging and existing risks that the regulator feels, if not properly addressed, could adversely affect investors and market integrity in 2016.
Reference will be made to earlier letters to indicate how and why certain “one-time” identified areas of concern drop off the list and why others remain.
Discussion will focus on the oft-stated maxim that “one size does not fit all” and instructors will address how small to mid-size broker-dealers can live up to regulatory expectations, keeping in mind a firm’s available resources.
Guidance on ensuring that the goals of the Priorities Letter are met, by the simplest to the most complex broker-dealer business model. will be offered.
After attending this course, attendees should be able to:
- Discuss the importance of “risk management” and ways in which to utilize the concept to embrace a firm-wide compliance culture
- Fully understand what the regulators are looking for and, of equal importance, why.
- Communicate throughout their broker-dealer, from the top to bottom, what is needed to help ensure that FINRA’s goal of using the definition of “firm culture” refers to “the set of explicit and implicit norms, practices, and expected behaviors that influence how firm executives, supervisors and employees make and implement decisions in the course of conducting a firm's business.”
For Whom: Designed to increase the professional competence of broker-dealers with legal, compliance and operational responsibilities.
Suggested Skill Level: Basic/Overview
Instructional Method: Group Internet-Based
Pre-requisites for participation: The pre-requisite for participation is a basic understanding of definitions and concepts arising under the Securities Act of 1933 and the Securities Exchange Act of 1934.
Advance Preparation: None
Continuing Education Credits:
See NRS Continuing Education Guide
Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Recommended IACCP® CE Credit: 2
Recommended CA MCLE Credit: 2