The Compliance Digest

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

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

FINRA Announces Consolidated Exams in 2020

FINRA recently announced the consolidation of its three exam functions into a single, unified program—a process that began in October 2018. Read More

FINRA Releases Third Annual Exam Findings Report

The 2019 Report focuses on a number of findings and observations, involving: sales practice and supervision; firm operations; market integrity; and financial management. Read More

It’s Here: FINRA’s Top Five “Fine” Categories from 2018

Curious where FINRA focused most of its attention in 2018? Law firm, Eversheds Sutherland, is here to answer that question as they took a look back at FINRA’s monthly disciplinary reports, press releases, and online database. Read More

FINRA Releases 2019 Examination Priorities

While many of 2019’s focus areas are largely the same as in 2018 (sales practice risks, senior investors, cybersecurity, etc.), FINRA announced it is shifting its focus to include three new areas of concern. Read More