Tag Archives: culture

The U.S. Financial Industry Regulatory Authority (FINRA) Focuses on Culture (IIAC Blog)

The U.S. Financial Industry Regulatory Authority (FINRA) Focuses on Culture (IIAC Blog)

On January 5, 2016, FINRA released its 2016 Regulatory and Examination Priorities Letter. It is instructive to learn that firm culture, ethics and conflicts of interest—and the significant role that all three play in the conduct of firm business—are top priorities for FINRA this year. CEO Richard Ketchum stated: “In 2016 FINRA will be looking for firms to focus on their culture and whether it is putting clients first … Our goal is not to dictate specific culture, but rather to understand how each firm’s culture affects compliance and risk management practices.”

Canadian regulators should take … Continue reading

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Post CRM: Where Do We Go From Here? (IIAC Blog)

Post CRM: Where Do We Go From Here? (IIAC Blog)

The second and final phase of the Client Relationship Model (CRM) will take effect on July 15, 2016, a scant nine months away. This date marks the culmination of a four-year effort to build a comprehensive regulatory framework for the client-advisor relationship.

The IIAC has started to think about where do we go from here. Some regulators believe the rule framework does not go far enough to meet the clients’ broad needs, and that more regulation is the answer.

My guest column, which appears in the November edition of Investment Executive, sets out some preliminary … Continue reading

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