On January 4, 2017, FINRA released the eleventh edition of its “Regulatory and Examinations Priorities Letter.” As broker-dealer compliance personnel review their compliance program enhancements for 2017, they should focus on the “areas of significance” designated by FINRA.
The Financial Industry Regulatory Authority’s (“FINRA”) enforcement division issued a record dollar amount in fines for disciplinary actions against registered broker-dealers in 2016. As the tables below illustrate, while the total number of fines decreased, the dollar amount of those fines more than doubled the amount issued in 2013.
On January 4, 2017, the Financial Industry Regulatory Authority (“FINRA”) released its 2017 Regulatory and Examination Priorities Letter (the “Letter”). Within the Letter, FINRA identified new and recurring challenges for broker-dealers in the following categories: