FINRA Identifies 2016 Examination Priorities

The 2016 Regulatory and Examination Priorities recently released by the Financial Industry Regulatory Authority (FINRA) sheds valuable light on the areas on which the regulator plans to focus in the coming year. By understanding the regulator’s priorities, as described in this article, financial services firms – including broker-dealers, transfer agents, and clearing agencies – can better allocate their resources as they prepare for their regulatory exams and reduce the odds of noncompliance. Among the regulator’s areas of focus this year are technology management, AML controls, microcap securities, the role of internal audit, ethics, conflicts of interest, and seniors and vulnerable investors.