FINRA Compliance

“It takes less time to do a thing right than to explain why you did it wrong.”

— Henry Wadsworth Longfellow

Operating with integrity involves standards and consistency, but does everyone share the same standards?

The Financial Industry Regulatory Authority – FINRA – removes the guesswork from standards within the financial industry by providing private oversight, regulation, and enforcement for members of the New York Stock Exchange (NYSE).

Dedicated to investor protection and market integrity, FINRA regulates with fairness and expects all members to abide by a set of standards. By enforcing high ethical standards, FINRA ensures investors experience fair financial markets.

Establishing and communicating rules for broker-dealers
Auditing firms for compliance with the established rules
Educating investors and broker-dealers

If so, you MUST be compliant with GDPR standards. Even if you’re simply sending newsletters to someone from the EU, you’re required to comply with regulations.

Fill out the quick form to the right
to schedule your compliance audit

This simple process guarantees the transparency that investors deserve, allowing for basic protections in the marketplace. Registered securities firms and brokers commit to these regulations to protect investors from a variety of compliance breaches, including:

Fraud
Insider trading
Market manipulation
Intentionally misleading advertising

It’s estimated that FINRA oversees more than 50 billion transactions every day, and highly sophisticated technology is necessary to protect the information involved and detect violations. It’s this technology on which FINRA, broker-dealers, and investors alike rely on to support the data volume and automation processes in an efficient and cost-effective method.

Are You Compliant?

FINRA and sophisticated technology, like countless surveillance algorithms in order to detect compliance breaches, protecting investors. Here are important considerations to ensure compliance:

1. FINRA Rules – Are you up to date on the latest rules and regulations? This is the first step in any compliance audit, including awareness of new rules and changes to existing rules.

2. Recent Notices – FINRA publishes notices throughout the year, including Regulatory, Trade Reporting, and Election Notices on issues affecting securities firms.

3. Violations, Filings, and Guidance – Rule proposals and filings, and industry violations are important considerations for any FINRA compliance review. Learning from the mistakes of others is the fastest way to learn a lesson and avoid making the same mistakes.

The FINRA compliance process is a challenging web and one in which securities firms and dealer-brokers cannot afford to get tangled. Nexus IT Consultants offers a wealth of experience and knowledge for FINRA rules, specializing in bringing convenience and value to firms in need of compliance consultants.