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As discussed in the 2017 Report on FINRA Examination Findings, FINRA has observed firms that receive, handle, route or execute customer orders encountering challenges with meeting their duty of best execution in
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Customer confirmations help protect investors by allowing them to verify the terms of their transactions, alerting them to potential conflicts of interest, safeguarding against fraud and providing them with
The Operations Professional Registration section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
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Exchange Act Rule 15c3-3 (Customer Protection Rule) imposes certain requirements on firms that are designed to protect customer funds and securities. Firms that are obligated to maintain custody of customer
The Liquidity section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
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Securities Exchange Act of 1934 (Exchange Act) Rule 15c3-1 (Net Capital Rule) requires that firms must at all times have and maintain net capital at levels as specified under the rule. The Net Capital Rule is
Anti-Money Laundering
Accuracy of Net Capital Computations
Liquidity
Segregation of Client Assets
Operations Professional Registration
Customer Confirmations
DBAs and Communications with the Public
Best Execution
TRACE Reporting
Market Access Controls
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Customers give registered representatives authority to act on their behalf when they provide authorization to engage in discretionary trading or permit registered representatives to act as trustees or co-
The Reasonable Diligence for Private Placements section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
The Suitability for Retail Customers section of the 2018 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
