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ARTICLE · 08 JANUARY 2014

A Must Read: FINRA’s 2014 Exam Priorities

Morrison Foerster
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FINRA did not wait for any dust to settle on the New Year before alerting the brokerage industry and the public about its regulatory and examination priorities for 2014.

United StatesFinance and Banking
Daniel Nathan
Daniel Nathan
Kelley Howes
Kelley Howes
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FINRA did not wait for any dust (or snow) to settle on the New Year before alerting the brokerage industry and the public about its regulatory and examination priorities for 2014. This year's letter, issued earlier than ever before, mixes many time-honored themes, such as conflicts of interest, complex products, suitability, AML, private placements, and algorithmic and high frequency trading, with significant new topical issues, including qualified plan rollovers, crowdfunding and recidivist brokers. Taken as a whole, the letter is an invaluable resource for broker-dealers, providing what FINRA Chairman and CEO Rick Ketchum describes as "a road map of issues that may be of risk to the investing public."

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