Risk and Compliance Articles

FINRA’s Top Enforcement Issues in 2020
FINRA’s Top Enforcement Issues in 2020

According to a new study by Eversheds Sutherland, FINRA disciplinary actions show a surge in enforcement activity in 2020. What caught my eye was a dramatic increase in fines related to variable annuity cases—a 1062% increase! To put that in context, overall fines increased to $57 million from $40 million in 2019, a 43% increase. […]

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FINRA’s 2021 Examination and Risk Monitoring Program Report
FINRA’s 2021 Examination and Risk Monitoring Program Report

This February, FINRA released the 2021 Report on its Examination and Risk Monitoring Program. The Report is designed to inform member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations. The Report combines and replaces the two previously published annual reports: Examination Findings and Observations and the Risk Monitoring and Examination Program […]

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Is Your Firm Prepared for Reg BI?
Is Your Firm Prepared for Reg BI?

Best Interest Standard of Conduct The Regulation Best Interest (Reg BI) compliance deadline is just around the corner – June 30, 2020, to be exact. One of the many challenges is obtaining a solid grasp of Reg BI and it’s numerous implications (it certainly doesn’t help that the entire rules and guidance package from the […]

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FINRA 2020 Risk Monitoring and Examination Priorities
FINRA 2020 Risk Monitoring and Examination Priorities

In January 2020, the Financial Industry Regulatory Authority (FINRA) released it’s 2020 Risk Monitoring and Examination Priorities Letter highlighting areas of focus for their risk monitoring, surveillance, and examination programs as well as new and emerging areas. As previously outlined in a December 2019 press release, FINRA President and CEO Robert Cook noted that significant changes had been […]

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How Audit Ready Is Your Incentive Compensation Program?
How Audit Ready Is Your Incentive Compensation Program?

Audit Ready Incentive Compensation The increasing cost of compliance and oversight – in time and money – is something investment services firms face every day. From internal audits that scrutinize our processes to regulatory bodies like FINRA and the SEC that scour over client data. In the past, audits, examinations, and inspections occurred a couple […]

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