Top FINRA Enforcement Issues and Trends of 2018 with Eversheds Sutherland
While disciplinary actions may have declined, FINRA's fines per case have been increasing. By focusing on past regulatory actions such as anti-money laundering and suitability - problems which generated the greatest number of fines in 2018 - firms can learn to avoid the same pitfalls in the future.
RecordedMay 16 201961 mins
Your place is confirmed, we'll send you email reminders
Data privacy laws are continually evolving and creating new risks for firms that are required to collect and store communications data. As many organizations now employ technology and service providers to collect, process, and store data they must be increasingly diligent in ensuring that their service providers are equipped to address any applicable data privacy laws.
ROBERT CRUZ, Smarsh; BRIAN HILL, Wellington Consulting
Collaboration tools are helping organizations save time and work together while reaching a broader audience. The potential risks associated with these dynamic channels are what firms need to be prepared for. In this webinar, we will go over the advantages to giving employees the tools they need to communicate and how to use technologies to help mitigate the risk these dynamic communication tools create.
Workplace communications are rapidly evolving. With collaboration tools like Slack and Teams, conversations have become much more complex. The challenges associated with these dynamic communications can be extremely difficult to navigate, and it's important that organizations possess the agility to modernize their e-discovery processes.
Sonali Bhavsar, Associate Partner, Watson FSS Industry Platforms & Robert Cruz, Sr Director, Information Governance Practice
Over the past several years, FINRA has continued to demonstrate their focus on monitoring high-risk brokers. In 2017, FINRA approved new proposals to strengthen controls on high-risk brokers and further indicated it would be an ongoing priority in their 2018 Priorities Letter.
FINRA and other regulators have announced the expectation of firms to adopt practices of “heightened supervision” in an attempt to isolate high-risk brokers and activities. These activities are often associated with financial crimes, which have become even more difficult to identify and intercept given today’s volume and variety of communications data.
Watch this webinar featuring Sonali Bhavsar, Associate Partner, Watson FSS Industry Platforms at IBM, to learn:
- What “heightened supervision” means for today’s communications compliance realities.
- The challenges and the potential risks hidden inside of today’s non-email communication channels.
- How Smarsh and IBM can deliver surveillance insights from supervised content.
MARIANNA SHAFIR, Corporate Counsel and Regulatory Advisor, Smarsh; ROBERT CRUZ, Senior Director of Information Governance, Sm
You've seen the headlines:
• SEC Fines Citi $10.5 Million for Inaccurate Records and Supervision Violations
• New York Broker-Dealer Fined $1.25 Million by SEC
• Brokers Face Over $80,000 in Avoidable Fines
And, that is just in the last 5 months!
Today, compliance officers at broker-dealer and investment advisory firms are challenged by supervisory review like never before. The SEC/FINRA/IIROC scrutiny over supervisory practices has never been higher, while many firms continue to rely upon supervisory tools that were designed for email over a decade ago.
Join this webinar with Corporate Council and Regulatory Advisor, Marianna Shafir, Senior Director, Information Governance Practice, Robert Cruz, and Principal, Information Governance Practice, Greg Breeze to:
•Review a sampling of recent supervisory mishaps
•Discuss of best practices to address FINRA priorities
•Dive into how Smarsh can help address your supervisory needs
Mike Pagani, Chief Evangelist, Smarsh; Robert Cruz, Senior Director of Information Governance Practice, Smarsh
As new electronic communication tools like instant messaging, social media, and text messaging have emerged, many highly regulated organizations have tried to prohibit their use at work. Meanwhile, employees in every industry are increasingly using their mobile devices and today’s unified communications and collaboration platforms to work on the go – tools like Microsoft Teams, Symphony, and Cisco Webex Teams.
At the speed these channels are being adopted, forward-thinking organizations must take steps to enable both compliance and productivity – rather than choosing one or the other.
Watch this webinar to discover how your organization can take proactive steps to enabling compliant productivity using today’s most in-demand communication and collaboration tools.
In this webinar you will learn:
- What compliant productivity means for you and your organization.
- Why more organizations are enabling their employees to communicate and collaborate using modern tools.
- Best practices for enabling productivity while fulfilling your organization’s record keeping obligations.
MIKE PAGANI Chief Evangelist, Smarsh, and BRIAN PANICKO Vice President of Mobility Strategy
Mobile devices are enabling firms to be more connected and productive than ever before. However, regulatory obligations and an unfamiliar compliant mobile technology stack mean that many firms continue to hold back from enabling their employees to use mobile messaging for business.
Using mobile messaging to reach and attract younger, mobile-centric clients and advisors is becoming more necessary to adapt and stay competitive, and for forward-thinking firms, now is the time to learn how to build an effective mobile compliance program.
CHERYL RITCHEY VP, Compliance Group Manager, BBVA Securities Inc., MIKE PAGANI Chief Evangelist, Smarsh
With more options for communicating than ever before, leaving your firm’s regulatory compliance to chance with a policy of prohibition isn’t enough.
As a proven compliance expert, Cheryl Ritchey of BBVA Compass has developed a proactive approach to supervision that enables her to be a pioneer in compliance as channels like web, collaboration platforms, instant messaging, and text messaging become a bigger part of the workplace.
MARIANNA SHAFIR, Corporate Counsel and Regulatory Advisor; MIKE PAGANI, Chief Evangelist; KEN ANDERSON, VP, Marketing
In the 2018 Electronic Communications Compliance Survey, we uncovered the greatest challenges facing compliance professionals today. Survey responses indicate that shifting workplace and investor demographics are driving firms to new communication channels, but their supervision policies and tools are struggling to keep pace.
Join this webinar to dive into the key findings from this year's survey, including why:
Mobile and social still present challenges for most firms
Confidence in the efficacy of prohibition policies is low
Firms are looking for risk in all the wrong places
Top FINRA Enforcement Issues and Trends of 2018 with Eversheds SutherlandAdam Pollet, Eversheds Sutherland; Brian Rubin, Eversheds Sutherland; Marianna Shafir, Smarsh[[ webcastStartDate * 1000 | amDateFormat: 'MMM D YYYY h:mm a' ]]61 mins