The Compliance Digest

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

FINRA Conducts Targeted Exam of Fund Fee Waivers

The Financial Industry Regulatory Authority is conducting targeted exams of firms’ systems and procedures as it relates to providing mutual fund discounts or fee waivers to clients. Read More

FINRA-renewal

Your “Cheat Sheet” for 2021 FINRA Renewals

While it may be hard to believe, 2020 is already coming to a close, which means broker-dealers and investment advisors’ 2021 Renewal Programs are officially underway. Read More

FINRA-Registered Firms, Reps Continue to Decline

New research by FINRA shows that registered firms and representatives continue to decline and that far less representatives are joining the industry. Read More

FINRA Warns Firms of Copycat Website

FINRA is warning the public of an imposter website that uses a domain name nearly identical to that of FINRA's, but contains an extra "n". Read More

FINRA Addresses Exam Cheating at Board Meeting

A recent influx of cheating scandals at testing centers has prompted FINRA to create new procedures on how to identify, and eliminate, cheating in the future. Read More

FINRA Releases New Problem Codes & AI White Paper

In this article we recap FINRA’s new white paper on artificial intelligence and the addition of two new "problem codes" to report customer complaint information. Read More

Don’t Fall Victim to this FINRA Phishing Scam

FINRA is warning firms to beware of a recent phishing scheme that involves fraudulent emails that claim to be from FINRA officers. Read More

FINRA Urges Firms to Review Pandemic-Related BCP

Due to the recent outbreak of coronavirus disease (COVID-19), FINRA has issued a notice reminding firms to consider business continuity planning in the event of a pandemic in the United States. Read More

FINRA’s Top Five Fine Categories from 2019

According to the report, FINRA fines decreased to $44 million in 2019 from $61 million in 2018, a decline of 28%. Read More

FINRA-Exam-Findings

FINRA Releases 2020 Examination Priorities Letter

This year’s letter focused on broker-dealers’ compliance with the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI) and the Customer Relationship Summary, or Form CRS. Read More