With Increased Enforcement Being the Name of the Game – How to Survive a FINRA Exam
Unless something goes terribly wrong, you will ultimately "survive" a FINRA exam. But, understanding that the regulators want to survive it as well, the goal should be to get through it with as few bumps and bruises along the way as possible. A FINRA exam can last several weeks and needs effective pre-planning. It matters where you will put examiners, who examiners interact with, if they have easy access to phones, Internet, coffee and, among other things, how organized you are. What then can you do to not only survive but thrive during a FINRA exam?
Our experts will address what really matters, identify current examination processes, priorities and focus on methods to help the firm communicate its culture of compliance to examiners.
After attending this course, attendees should be able to:
- List the ways that the current market and regulatory environments will affect FINRA examinations of broker-dealers
- Identify FINRA’s current priorities to help the firm focus on areas likely to be examined in depth
- Demonstrate an understanding of the examination processes from first notice to final follow-up to avoid unnecessary interruption of the firm’s business
- Increase the firm’s preparedness to maximize a favorable examination outcome
- Address the link between internal controls and FINRA examinations
- Further limit regulatory risk on both a personal and firm level
For whom: Designed to increase the professional competency of broker-dealer professionals with legal, compliance and management responsibilities.
Suggested Skill Level: Intermediate
Instructional Method: Group Internet-Based
Prerequisites for participation:
There are no pre-requisites for participation.
Advance Preparation: None
Continuing Education Credits:
NRS Continuing Education Guide
Recommended CPE Credit: 2 in the Regulatory Ethics field of study