S1:E6 | Recent Trends in SEC and FINRA Enforcement | Compliance In Context
Welcome back to the Compliance In Context Podcast! On this episode, we discuss recent rule-making from FINRA on remote inspections of broker-dealers and check in with OCIE on a risk alert highlighting deficiencies seen in adviser branch exams. Our interview segment today features SEC and FINRA enforcement guru Brian Rubin for a deep dive into recent trends from the regulators and what to look out for in the future. Finally, we continue the next installment of the Outtakes series to discuss the proper allocation of business and personal expenses.
Topics:
Headlines
Interview
Reviewing recent trends in SEC and FINRA enforcement actions.
Forecasting future enforcement action stemming from COVID-19 and Reg BI
Discussing recent remarks from SEC Commissioner Peirce on CCO liability
Detailing NSCP Currents authorship and related topics Outtakes
The proper allocation of business versus personal expenses and how to avoid violations of federal securities laws
Quotes:
“We have heard that with regard to penalties and financial sanctions, we are looking at record numbers.”
“In two, three years, I expect we’ll see enforcement actions related to Reg BI, as well.”
"Ultimately, compliance is here to help elevate the services that our firms provide their respective clients...And so, we want to be able to reward those folks that are part of that process to help elevate those services.”
Resources: