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FINRA Examination of Broker Dealers
The pandemic has not only impacted broker-dealers and their clients – the regulators have also had to adjust to the new realities. FINRA has announced that it will continue its regular cycle examinations, but the manner in which they are conducted and the strategies firms must use to manage them have changed. This session will examine the strategic planning required for a successful examination in today’s pandemic environment, along with best practices for working with and responding to the examiners and managing the post-examination process.
After attending this session, attendees should be able to:
- Develop a pre-examination strategy
- Employ existing document request lists to predict possible questions and prepare for examination
- Effectively use limited resources in managing the examination process
This virtual course is being taught as part of the Fall 2020 Compliance Conference. To learn more, visit our main conference webpage.
Chief Compliance Officer and AMLCO, Garden State Securities, Inc.
Steven D. Trigili, MBA, CAMS is the Chief Compliance Officer and AMLCO of Garden State Securities, Inc., and Garden State Investment Advisory Services, LLC, a regional, independent broker/dealer and SEC-registered investment advisor. Presently serving a three-year term to the FINRA North Region Committee as the Small Firm Representative, Steve heads GSS’ Risk Committee, and is a member of the Firm’s Executive Committee.
With 29 years of experience in financial services, Steve is responsible for the oversight of all regulatory exams, customer disputes, risk assessments, compliance testing, and AML policies and procedures within the firm. A recurring speaker and panelist at national industry conferences and webinars for 20 years, Steve also provides independent consulting and expert witness services for securities arbitrations and litigation matters.
Steve holds his Series 7, 24, 55, 63, 65 and 79, is an adjunct professor at Southern New Hampshire University Graduate School of Business and Bloomfield College of New Jersey, and serves on the Editorial Board of the Journal of Financial Compliance. He is a member of the National Society of Compliance Professionals, the Association of Certified Fraud Examiners, and the Society of Corporate Compliance and Ethics.
Senior Director, Consulting, NRS
Ish is currently Senior Director of Consulting with NRS. Prior to joining NRS, Ish was the President of Manzanares Compliance Solutions, an independently owned consulting firm. Preceding his consulting career, Ish was Director of Compliance with Prudential Retirement. In addition, Ish was the President and CEO of Madison Avenue Securities, a full service broker dealer and advisor located in San Diego. Earlier in his career, Ish served as President of Foresters Equity Services, a San Diego based broker-dealer. Prior to being appointed as President at Foresters, he served as Chief Compliance Officer. He has over 30 years of experience in the financial services industry, including a position with FINRA as a Senior Examiner in Los Angeles.
Annually, Ish conducts dozens of risk reviews, compliance program assessments, annual compliance reviews and mock SEC-examinations to assist investment advisors, broker-dealers, transfer agents and clearing firms in identifying regulatory deficiencies, internal control weaknesses, and effectively mitigate compliance and operational risks.
He served on the Western Region District Committee-District 2, has served as committee member of the National Association of Independent Broker/Dealers-NAIBD and the Southern California Compliance Group-SCCG. During his career, Ish has been a guest speaker at various industry events such as FINRA, LIMRA and NAIBD conferences and special programs and an instructor at the FINRA Institute for the Wharton Certificate Program.
Ish holds a B.A. from Columbia University and previously maintained his Series 4, 7, 24, 63 and 65.
For Whom: Designed to increase the professional competence of Broker-Dealers.
Suggested Skill Level: Intermediate
Maximum Recommended Credit Hours for this session will include CLE, IACCP® and CPE .
CA MCLE = 75 minutes
IACCP® = 75 minutes
CPE = 75 minutes
For more information, check out the NRS Continuing Education Guide.