Regulators are Stepping Up Their Branch Office Reviews: Will Your Branch Office Audit Program Meet the Challenge?
2:50 PM – 4:00 PM
Thursday, May 17
This session will review the specifics of Regulatory Notice 11-54 “FINRA and the SEC Issue Joint Guidance on Effective Policies and Procedures for Broker-Dealer Branch Inspections” and provide insights in the development of an appropriate, in-depth supervisory program for branch offices inspections. What circumstance(s) call for more frequent reviews than required? What home office activities should be in effect, on an on-going basis, to supplement on-site visits? Do your branch office review procedures call for appropriate inspection points? Are the resultant reports in appropriate narrative format and do they sufficiently detail the review? Are there appropriate follow-up procedures in effect to address all findings? These and other areas of guidance for a successful branch office audit program will be addressed.
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