The Security and Exchange Commission and FINRA are enforcing regulations that are placing a heavy cost on firms who fail to stay compliant.
Just recently, the Securities and Exchange Commission announced that 16 firms—comprising broker-dealers, investment advisers, and dually registered entities—were being fined over $81 million for off-channel communications compliance failures. This brings the total fines levied by the SEC and Commodity Futures Trading Commission for off-channel communications and recordkeeping issues to over $2.6 billion.
Join our exclusive discussion on:
•A quick refresher of these regulations/anything new
•What the SEC & FINRA are looking for from firms to consider compliant
•What firms must understand and do to stay compliant and avoid fines
•Going forward, what is needed for new sales & upselling to your clients