I previously shared the importance of structuring high-performing teams and putting together a resource matrix that consists of activities and the type of skills and personalities needed to fulfill them. In this article, I’m going...Read More
Having worked as a risk and compliance consultant for 19+ years in a wide gamut of companies from large financial services corporations to non-profits, I am sharing my insights on the people aspect of successful...Read More
Let me demonstrate how serious this is to me with a short story. In the summer of 2020, our family experienced two significant losses as a result of the pandemic that is the covid19 virus...Read More
If you are a risk and compliance professional in financial services, you know that there is a ton of free information out there to help you do your job. So why would you work with...Read More
Are you managing a project, be it in compliance, risk, technology or even construction? It can be overwhelming and challenging to manage the budget given all the information required. As the project manager, you are...Read More
This is a recent conversation we had over what broker-dealers can use to help them comply with their annual supervisory compliance requirements. As you know, FINRA 3130 is the annual certification from the CEO certifying...Read More
What do you envision the process will be in creating the risk assessment tool and who would typically be involved in its development? We will utilize our risk assessment models as a baseline to develop...Read More
Recently, we took a look at FINRA’s May 2020 disciplinary actions and found that there were 3 cases relating to violations of FINRA 5210. Of the 3 firms, fines were from $30,000 to $150,000. The rule...Read More
In March, 2020, FINRA fined $45,000 and censured a retail broker for lack of procedures to identify red-flags related to low-priced securities trading. Similarly, disciplinary actions were brought against 2 introducing brokers in 2018 where...Read More
