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Recent Priorities in Broker Dealer Regulation and Enforcement
Beyond analyzing FINRA’s and OCIE’s 2020 examination priorities, this session will address the how exam priorities, notices to members, and rulemaking have been shaped by the COVID-19 pandemic. In addition, the panelists will discuss how firms must modify their written supervisory procedures (“WSPs”) and practices to address the many challenges broker-dealers now face.
After attending this session, attendees should be able to:
- Gain a high-level understanding of FINRA’s and OCIE’s 2020 regulatory priorities, rule proposals and initiatives
- Analyze how the pandemic has impacted the big three of retail compliance: supervision, suitability, and senior investors
- Examine sales practice and operational risks and the attendant impact on your firm
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.
Partner, Goodwin Procter LLP
Nick Losurdo advises financial institutions on legal, regulatory, policy, transactional, and strategic matters. Mr. Losurdo recently served at the SEC as Counsel to one of the Commissioners. He approaches each engagement with the deep and diverse experience he has developed serving in high level roles in government, in-house, and private practice.
As a partner in Goodwin’s Financial Industry group and its Fintech, Digital Currency & Blockchain Technology, and Privacy & Cybersecurity practices, Mr. Losurdo takes an end-to-end approach to counseling his clients.
Before returning to Goodwin, Mr. Losurdo served at the SEC, where he was immersed in agency matters as Counsel to one of the Commissioners. While at the SEC, Nick advised the Commissioner on a broad array of legal, policy and regulatory matters, including proposed and final rulemaking, interpretations and exemptive relief, and enforcement matters.
Among other significant matters, Mr. Losurdo advised on rulemaking relating to Regulation Best Interest, Form CRS, and the investment adviser standard of conduct interpretation; changes to Regulation NMS in the area of market data and order handling disclosures and other market structure policy considerations; Title VII under the Dodd-Frank Act; and blockchain and digital assets.
Mr. Losurdo utilizes his diverse capital markets and financial services experience to provide thoughtful and practical guidance on SEC rules and regulations, FINRA’s rules and membership, and the membership and compliance requirements of state regulators, equity and option exchanges, clearing organizations and other SROs.
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.