FINRA’s Post

FINRA Rule 3110 factors in nearly every one of its examinations. Understanding the rule's key components is the first step to achieving compliance.  https://lnkd.in/eJDHurK7 Oyster's experts understand the complexity of achieving compliance with FINRA Rule 3110 and provide the support you need.

Compliance with FINRA rules is crucial. With that in mind, here are some of the most commonly violated rules.

The timeliness of reports is crucial for maintaining transparency in the securities market, enabling well-informed investor decisions, and promoting market integrity. Regulatory bodies and industry organizations have been placing greater emphasis on these areas to promote fair and efficient markets while mitigating the risks of misconduct and malpractice. https://lnkd.in/egdzu4n6

New Blog Alert! 📢 Stay ahead in compliance with our latest blog post, "Impact of FINRA SEA Rule 17A-4 on Financial Institutions". Learn how this crucial regulation affects record retention and storage, ensuring transparency and integrity in the financial sector. Dive into the details: ✅ What is FINRA? ✅ FINRA Roles and Responsibilities ✅ Impact on Financial Industry ✅ Understanding SEA Rule 17A-4 ✅ Who Needs to Comply? https://lnkd.in/euA9ZqF8 #FINRA #Compliance #FinancialRegulations #SEA17A4 #FinancialInstitutions #ASC

SEC, MSRB, FINRA to Hold Hybrid Compliance Outreach Program The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for both in-person and virtual attendance of their Compliance Outreach Program for municipal market professionals. The event is open to the public and will take place on Wednesday, Nov. 20, and Thursday, Nov. 21, 2024, at the Byron Rogers Federal Building in Denver, Colorado. The program will provide municipal market participants an opportunity to hear from SEC, MSRB, and FINRA staff on timely regulatory and compliance matters for municipal advisors and dealers. Panel topics will include compliance pain points for municipal advisors and broker-dealers, exam and enforcement priorities, a regulatory outlook, net capital requirements, federal fiduciary duty, post-trade monitoring, and other municipal market hot topics. “The SEC looks forward to co-hosting this meaningful Compliance Outreach Program for municipal market participants,” said SEC Director of the Office of Municipal Securities, Dave Sanchez. “These panel discussions address important regulatory and guidance information—much of which includes novel ideas and perspective—that municipal market participants will find valuable both in their roles and as industry leaders.” “We are pleased to continue coordinating with the SEC and FINRA to continue an open dialogue with municipal advisors and dealers to address their top concerns and interests,” said MSRB Chief Regulatory and Policy Officer Ernesto Lanza. “This year’s program devotes time to both municipal advisors and dealers in the form of breakout sessions that will address unique issues and needs for all types of municipal market professionals, including small firms.” “The Compliance Outreach Program is a great opportunity to engage in dialogue that fosters effective regulation, improves compliance, and strengthens everyone’s understanding of the industry,” said Michael Solomon, Executive Vice President, Examinations and Membership Application Program at FINRA. “We are pleased to partner with the SEC and MSRB to offer a forum where municipal market participants not only hear from their regulators but also work with them.” Registration is being administered by FINRA and is now open. The program is free and open to the public. For those unable to attend in-person or via the livestream, a recording will be archived on the SEC's webpage following the event. To submit questions and topics of interest in advance of the event, please email: gergana.sellers@finra.org. Register for the program: ttps://https://lnkd.in/eJp2MgSg

Is your Reg BI compliance function up to snuff? The SEC (and FINRA) are watching! Check out our Alert on the SEC's most recent enforcement action.

What is SEC ? The Securities and Exchange Commission (SEC) plays a crucial role in the financial markets, ensuring fairness and transparency. Let's explore what the SEC is, why it matters, and how it impacts investors and companies. What is the SEC? The SEC is a U.S. government agency established in 1934 by the Securities Exchange Act. Its primary mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. In simple terms, the SEC ensures that the financial markets operate smoothly and that investors are treated fairly. Key Functions of the SEC Protecting Investors: The SEC’s top priority is to safeguard investors from fraudulent and manipulative practices. It ensures that investors have access to essential information about the securities they buy or sell. Maintaining Fair Markets: The SEC works to maintain fair and efficient markets. This means making sure that all market participants, big or small, operate on a level playing field. Facilitating Capital Formation: The SEC helps companies raise money by selling shares to the public. This is crucial for business growth and economic development. How Does the SEC Operate? Registration of Securities: Companies that want to sell their shares to the public must register their securities with the SEC. This involves providing detailed information about the company’s business, financial condition, and the risks involved in investing in the company. Regulating Securities Markets: The SEC oversees key participants in the securities world, including securities exchanges, brokers and dealers, investment advisors, and mutual funds. It ensures these entities comply with the rules and regulations designed to protect investors. Enforcement Actions: The SEC has the authority to enforce securities laws. It can bring civil enforcement actions against individuals and companies that violate these laws. This might involve fraud, insider trading, or other misconduct. Why is the SEC Important? Investor Confidence: By enforcing laws and regulations, the SEC helps maintain investor confidence in the integrity of the securities markets. This confidence is vital for the proper functioning of the economy. Transparency and Disclosure: The SEC requires companies to disclose important financial information, allowing investors to make informed decisions. This transparency helps prevent fraud and ensures that all investors have access to the same information. Preventing Fraud: Through its enforcement actions, the SEC deters and punishes fraudulent activities, protecting investors from scams and unethical practices.

🏦 Wondering what FINRA is and how it impacts your business? Discover everything you need to know about the Financial Industry Regulatory Authority in our new blog post#FINRA #FinancialIndustry #ComplianceExplained https://ow.ly/rcsc50SvuLt

Your firm is at risk for getting fined from the SEC and FINRA regulations. Register (http://spr.ly/6042beiV8) and join us in our exclusive webinar with our compliance experts as we provide a refresh and updates on these regulations, while learning what firms must understand and do to stay compliant and avoid fines.

🏦 Wondering what FINRA is and how it impacts your business? Discover everything you need to know about the Financial Industry Regulatory Authority in our new blog post#FINRA #FinancialIndustry #ComplianceExplained https://ow.ly/KMon50SXukp