This training on FINRA rules and regulations highlights the requirements for retail and limited purpose broker-dealers to maintain an effective supervisory system that is reasonably designed to achieve compliance with NASD Rule 3010.
This webinar highlights what member firms’ supervisory personnel should generally be aware of when overseeing the business activities of the registered employees. (Many of these areas can be sub-categorized into specific training modules.) The supervisory elements outlined in this course are based on NASD Rule 3010 and related notices, best industry practice and supervisory experience. This webinar will discuss several major elements of the supervisory system: written supervisory procedures, internal inspections, supervision of registered representatives, review and retention of correspondence, qualification and registration of representatives and the key requirements within each of them.
The instructor will also examine significant regulatory and disciplinary actions to demonstrate how a reasonable and sound supervisory program, tailored to the needs of the firm’s business, can prevent supervisory failures.
Why Should You Attend:
In the past year, several major brokerage institutions have been fined by FINRA for have inadequate supervisory policies and procedures in place to supervise the activities of registered persons that conduct business on behalf of their firms and their clients. The violations noted include such areas as qualification of registered employees, sales practices, email retention and review, transaction review and inadequate oversight of business activities in branch locations. Supervisory personnel are not only tasked with supporting their firms’ productivity goals; they are also responsible for fully understanding the activities of the registered persons they supervise and identifying issues before they become rule violations.This webinar highlights what member firms’ supervisory personnel should generally be aware of when overseeing the business activities of the registered employees. (Many of these areas can be sub-categorized into specific training modules.) The supervisory elements outlined in this course are based on NASD Rule 3010 and related notices, best industry practice and supervisory experience. This webinar will discuss several major elements of the supervisory system: written supervisory procedures, internal inspections, supervision of registered representatives, review and retention of correspondence, qualification and registration of representatives and the key requirements within each of them.
The instructor will also examine significant regulatory and disciplinary actions to demonstrate how a reasonable and sound supervisory program, tailored to the needs of the firm’s business, can prevent supervisory failures.
Areas Covered in the Webinar:
- The Broker Dealer Supervisory System
- Designation of OSJs and branch office locations
- Designation of Principals
- Written Supervisory Procedures
- Internal Inspections
- Supervision of Registered Representatives
- Review and Retention of Correspondence
- Qualification of Registered Representatives
- Recent Disciplinary Actions
Who Will Benefit:
- Broker Dealer Supervisory Principals
- Business Managers
- Compliance Personnel
- Business and Operational Risk Managers
- Staff with roles and responsibilities in compliance departments.
Course Provider
Andrew Byer,
