The Compliance Digest

Get expert compliance tips and up-to-date regulatory news.

Top Five FINRA Fines from 2017

While fines issued by FINRA may have dropped significantly in 2017, according to Eversheds Sutherland’s annual report, 2017 was a record shattering year for restitution, resulting in the fourth highest total sanctions assessed by FINRA over the past 10 years. Read More

Three Important Training KPIs You Should be Tracking

In this blog, we’ll look at three key performance indicators (KPIs) that can provide data to back up the value of your training program. Read More

Complying with the MSRB’s New CE Requirement

To assist firms in complying with the MSRB's new continuing education regulation, provided is a brief overview of the newly enforced rule, how it compares to FINRA’s Firm Element requirement and best practices to comply. Read More

What are the FINRA Firm Element Requirements?

Firm Element Continuing Education: who needs it? Why do we need it? And what’s involved in the training process? These are the common questions that broker-dealers deal with on an annual basis. Read More

SEC Exam Priorities to Focus on MSRB/FINRA

The SEC's Office of Compliance Inspections and Examinations (OCIE) has published its 2018 examination priorities. To no one’s surprise, it will continue to focus on the protection of retail investors and ensuring that registrants are appropriately disclosing or resolving conflicts of interest. Additionally, the OCIE will pay particular attention to developments in cryptocurrencies, initial coin offerings (ICOs) and the oversight of FINRA and MSRB firms. Read More

Top 10 Quest CE E-Learning Courses from 2017

With over 450 training courses to choose from, have you ever wondered which of our training courses are most assigned, across markets? After analyzing thousands of user accounts, provided is a ranked list of our “top 10” most popular courses from 2017. Read More

FINRA Reveals Examination Priorities for 2018

Earlier this month, FINRA released its annual regulatory and examination priorities letter, which drew on some reoccurring issues firms should pay close attention to in 2018, including high-risk brokers, fraud and cybersecurity. Additionally, the regulator flagged several uncharted areas of focus, including cryptocurrencies, securities-backed lines of credit and business continuity planning. Read More

How to Keep Your Compliance Resolutions

For many of us, New Year’s resolutions are grandly made and easily broken. Why? Because a resolution is just that – a decision. To make actual change in your personal or professional life, you need a lot more than a decision, you need a plan. Read More

[Slideshow] FINRA Releases First Ever Exam Findings

Last Wednesday, FINRA released its first ever examination findings report, which summarizes common risks unveiled during broker-dealer audits. Read More

Firm Fined $20K for Inadequate Policies & Training

In this month’s FINRA Disciplinary Actions Notice, a firm from Red Bank, New Jersey was censured, fined $20,000, and required to review and revise its systems, policies and procedures and training with respect to the sale of leveraged, inverse and inverse-leveraged exchange-traded funds (non-traditional ETFs). Read More