FINRA Audit Preparation
For the broker dealer, there are a few things that [...]
8
06, 2023
2
05, 2023
Customer Identification Program “CIP”
Broker Dealers are faced with a number of demanding rules and regulations in the financial industry today.
5
12, 2022
Electronic and Technology Takeaways from SEC’s Billion Dollar Penalties
On September 22, 2022, the Securities and Exchange Commission announced [...]
15
11, 2022
Key Steps for Starting a Broker-Dealer
Individuals and companies desire to start a broker-dealer for many [...]
3
11, 2022
Notice to Members 06-23 & Your Firm’s Annual FINOP Review
Back in the early 2000’s, FINRA (then known as the NASD) came out with Notice to Members 06-23 (“Notice”). This Notice goes into detail about the responsibilities of the FINOP. Whether your FINOP is employed full-time in-house or is outsourced, the Notice applies. There are further considerations for the FINOP if the role is outsourced.
24
06, 2022
Merrill Mutual Fund Enforcement Lessons Learned
FINRA (Financial Industry Regulatory Authority) announced on June 2, 2022 [...]
20
05, 2022
Crowdfunding Enforcement Lessons Learned
FINRA (Financial Industry Regulatory Authority) announced on May 4, 2022, [...]
6
05, 2022
Customer Complaints (FINRA Rule 4513)
FINRA Rule 4513 defines a "customer complaint" as any grievance [...]
7
01, 2022
Spinning
Spinning is the practice of allocating highly sought-after IPO shares, [...]
17
12, 2021
Annual Compliance Meeting (ACM)
FINRA Rule 3110(a)(7) requires all registered representatives and registered principals [...]