Regulatory Update: FINRA’s 2020 Examination Priorities Letter

Written By Brandon Klerk

FINRA’s 2020 Risk Monitoring and Examination Priorities Letter describes areas of focus for FINRA’s 2020 risk monitoring, surveillance and examination programs.  FINRA member firms are now grouped into one of five main firm business models: Retail, Capital Markets, Carrying and Clearing, Trading and Execution, and Diversified. FINRA 2020 priorities include:

  • Regulation Best Interest (Reg BI) and Form CRS

  • Communications with the Public

  • Private Placement Retail Communications

  • Cash Management and Bank Sweep Programs

  • Sales of Initial Public Offering (IPO) Shares

  • Trading Authorization

  • Direct Market Access Controls

  • Best Execution

  • Disclosure of Order Routing Information

  • Vendor Display Rule

  • Digital Assets

  • Contractual Commitment Arising From Underwriting Activities

  • and much more…

You may read the full letter here: https://www.finra.org/rules-guidance/communications-firms/2020-risk-monitoring-and-examination-priorities-letter

Brandon Klerk https://www.halyardcompliance.com
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