FINRA Publishes Regulatory Oversight Report
By Ed Wegener
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The Financial Industry Regulatory Authority (FINRA) has issued its long anticipated 2024 priorities. In past years, FINRA branded the report as the Report on FINRA’s Examination and Risk Monitoring Program. This year, they have re-branded the report to FINRA’s Regulatory Oversight Report.
As in past years, for each topic addressed in the report, FINRA has identified related considerations, common findings or observations, and effective practices. The 2024 report addresses issues related to:
- Financial Crimes
- Firm Operations
- Communications and Sales
- Market Integrity
- Financial management
What’s New
In addition to covering topics that were addressed in previous years such as Reg BI, cybersecurity, outside business activities, CAT and best execution, FINRA also addressed new topics:
- Crypto asset development
- OTC quotations in fixed income securities
- Advertised volumes
- Market access rule
Additional Resources
Oyster Consulting’s experts will provide insights and share their expertise in these areas in future blogs and podcasts. In the meantime, below are some free resources you may find helpful:
Unmask the Risks: Protect Your Firm with a Strong AML Program
Protect Your Vulnerable Customers: Combating Investor Fraud
Private Placements and FINRA Rule 2111
Reg BI Enforcement Surge Continues
Net Capital and Complex Products: 4 Concepts You Need to Know
Oyster’s experts have the Compliance, Operations, and regulatory experience to help you solve your firm’s complex regulatory challenges. Oyster Consulting provides compliance support to broker-dealers and investment advisors, including risk assessments, testing, remediation, and outsourced compliance roles.
To protect your firm and your clients, your team needs modern GRC solutions. Oyster Solutions governance, risk and compliance software’s powerful integration and automation provide the surveillance tools your firm needs, accurate supervision and the reporting structure that regulators demand, all while giving your employees a streamlined, easy to follow experience.
About The Author
Ed Wegener
Ed Wegener is an innovative compliance, risk management and supervisory controls expert with deep understanding of Federal Securities Laws and the rules of self-regulatory organizations, as well as technology optimization and risk mitigation. Prior to joining Oyster, Ed held several posts in FINRA, most recently as Senior VP and Midwest Regional Director.
