On Tuesday, April 16, 2019, the US Securities and Exchange Commission (SEC) announced their alliance with the Financial Industry Regulatory Authority (FINRA) in relation to the 2019 National Compliance Outreach Program for Brokers-Dealers. The event is set to take place in Chicago on June 27, 2019.
As per the claims made, the event will bring together “regulators and industry professionals” to discuss current compliance practices and how it can be improved in a way that protects investors.
Other highlights that may arise from the open discussion include leadership and aspects society is currently being faced with (i.e. cryptocurrencies and cyber securities). The significance of this conference is a big one considering the fact that (like most conferences), it involves understanding a relatively young market and how to ensure it strives by overcoming potential challenges and offering tools to investors.
The Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE), Peter Driscoll has expressed immense thrill in the overall event and describes it as a “valuable opportunity.” Moreover, he trusts that the sharing of knowledge, especially from industry professionals and other parties, will allow for a better understanding of associated risks.
Executive Vice President and Head of FINRA Member Regulation, Mike Rufino seems to be just as excited by the National Compliance Outreach Program for Brokers-Dealers, as he shared the following:
“As our regulatory program evolves to meet the challenges of new markets, new products and new rules, FINRA engages with member firms, compliance leaders and other regulations in meaningful discussions that enrich our regulatory efforts and provide broker-dealers with the tools and information needed to better serve investors.”
To learn more regarding the upcoming event, check out:
SEC’s Website: http://www.sec.gov/info/complianceoutreach-bd.htm
FINRA’s Website: http://www.finra.org/industry/2019-national-compliance-outreach-program-broker-dealers.