# FINRA

FINRA’s 529 Initiative: Finding the Needle in the Haystack

FINRA’s 529 Initiative: Finding the Needle in the Haystack

Background In January of this year, FINRA launched an initiative to curb the sales of high cost 529 plan funds to investors. Specifically, they are reviewing the share classes recommended to these investors and if these recommendations met the suitability standard...
Ensuring Compliance with FINRA’s Trusted Contact Rule

Ensuring Compliance with FINRA’s Trusted Contact Rule

BACKGROUND In 2018 FINRA introduced the trusted contact rule. It requires that broker-dealer firms make reasonable efforts to identify a “trusted contact,” a person to contact if the firm has a concern that the client is incapacitated or is the target of a scam. It is...

Customer Success Story: Proactive Compliance for Broker-Dealers

Last year, one of our clients came to us with this question: “How do we ensure our brokerage is capturing all non-physical customer addresses in order to prevent violation of FINRA Anti-Money Laundering rules?” Pandia, our core product, has rules in place that monitor...

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