FINRA’s New Consolidated Supervision Rules for Broker-Dealers
Regulatory Notice 14-10 (SEC Approves New Supervision Rules) was recently released and will impact the current structure of broker-dealer Written Supervisory Procedures (WSPs). In March 2014, the SEC approved FINRA’s new consolidated rules governing supervision. The new Rules 3110, 3120, 3150 and 3170 replace NASD Rules 3010, 3012 and 3110(i) and other corresponding NYSE rule provisions. These new rules become effective on December 1, 2014.
The course will be designed to help broker-dealers obtain a better understanding of the pending regulation and its impact on the firm’s compliance and operations.
After attending this course, attendees should be able to:
- Determine the supervisory system needed for the activities of the firm’s registered representatives
- implement and amend procedures that will be reasonably designed to achieve compliance with the applicable securities laws and regulations and FINRA rules
- Pinpoint which Rules have changed as a result of the consolidation
For whom: Designed to increase the professional competence of broker-dealer professionals with legal, compliance, operations and senior management responsibilities
Suggested Skill Level: Basic
Instructional Method: Group Internet-Based
Prerequisites for participation: No prerequisites are required. However, attendees can benefit by reviewing NASD Rule 3010 and Regulatory Notice 14-10.
Advance Preparation: None
Continuing Education Credits:
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
Recommended CFP Credit: Pending