Posts tagged Regulatory and Examination Priorities Letter.
On January 4, new President and CEO Richard Cook issued FINRA's Annual Regulatory and Examination Priorities Letter. This year's list in summary is:
New for 2017:
Targeted electronic off-site reviews "on select firms not scheduled for cycle exams."
An annual summary report of key exam findings on selected issues
More resources for small firms, including:
- Compliance calendar;
- Compliance service provide directory.
High-Risk / Recidivist Brokers
Dedicated exam group
Supervisory procedures and due-diligence
Branch inspections
Sales Practices
Seniors: fraud and abuse; ...
Posted in: FINRA
Tags: burr and forman, burr forman, finra, FINRA’s 2017 Regulatory & Exam Priorities, Regulatory and Examination Priorities Letter, Richard Cook, securities litigation, Securities Litigation & Arbitration
FINRA released its annual Regulatory and Examination Priorities Letter (so-called "Errico Letter") on January 5. FINRA's top five priorities:
- Firm Culture. FINRA's been pushing "culture of compliance" for years, but in 2016 will take it to the next level: "FINRA will formalize our assessment of firm culture while continuing our focus on conflicts of interest and ethics." In looking at a firm's culture, FINRA will focus on "Five Factors" to assess whether:
- policy or control breaches are tolerated;
- control functions are valued within the organization;
- managers are ...
Posted in: FINRA
Tags: Errico Letter, Financial Industry Regulatory Authority, finra, Regulatory and Examination Priorities Letter, securities litigation, Securities Litigation & Arbitration