broker-dealer

Insights and guidance from ACA's team of experienced compliance and technology professionals.

Categories
FINRA Provides Guidance Regarding Suspicious Activity Monitoring and Reporting Obligations
May 16, 2019

FINRA recently issued Regulation Notice 19-18 (the “Notice”), which provided guidance to member firms regarding their monitoring obligations with respect to suspicious activity pursuant to the Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) requirements.

Compliance Alert Finra Actions
April 29, 2019

The total dollar amount of fines in 2018 that the Financial Industry Regulatory Authority’s (“FINRA”) Enforcement Division ordered against its member firms increased slightly to $74 million from $68 million in 2017. While the total dollar amount increased nearly nine percent, the total number of fines decreased to 209 in 2018, compared to 318 in 2017. Both the number and dollar amount of fines assessed by FINRA have fallen significantly since 2014, as the charts below show. In 2014, FINRA fined broker-dealers a record amount of nearly $129 million dollars, roughly 10 percent greater than the total dollar amount assessed in 2017 and 2018 combined.

April 1, 2019

Please join us for a workshop designed to assist CCOs and other professionals in the oversight of mutual fund distribution activities when dealing with current regulator

Potential Risks for Banks Using Third-Party Broker-Dealers
January 7, 2019

Third-party risk management is a key priority for banking regulators like the Office of the Comptroller of the Currency (“OCC”). Every one of the many thousands of service providers a bank may use exposes them to different levels of risk - some of which can be serious and costly. This is why banking regulators are requiring strong, risk-based due diligence and ongoing monitoring before and after a third party is hired. Roy Kim explains what you need to know.

October 5, 2018

On August 12, 2018, the Securities and Exchange Commission (“SEC”) sent a clarification letter to the Financial Industry Regulation Authority (“FINRA”) with respect to broker-dealers using a third-party r

October 4, 2018

The Financial Industry Regulatory Authority’s (“FINRA”) enforcement division brought 129 disciplinary actions against FINRA members during the first half of 2018.

July 24, 2018

In July 2018, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 18-20 (“Regulatory Notice”) with respect to digital assets.

June 14, 2018

On July 24, 2018, ACA and Sidley Austin will offer a broker-dealer focused seminar for in-house counsel and compliance officers. In this seminar, expert panelists from FINRA, Sidley, ACA and the industry will discuss topics relevant to the regulatory requirements unique to broker-dealers.

June 14, 2018

Please join us for a complimentary workshop focused on helping broker-dealer and investment adviser compliance professionals deal with today’s tough regulatory challenges.

May 16, 2018

Look for ACA at the 2018 FINRA Annual Conference.

May 14, 2018

Please save the date for a seminar designed to assist mutual fund distributor broker-dealer CCOs in dealing with today’s tough challenges.