Fighting FINRA
Fighting FINRA

Your day has started off normal and things are going well. The sun is shining, fish are jumping and the cotton is high. Then suddenly you get a call, or a letter notifying you that you are now the subject of a FINRA Enforcement Action. That’s exactly what happened to me. While I was innocent of all allegations

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Warren Forest
Outsourcing Financials
Outsourcing Financials

To outsource, or to not outsource? That is the question. What is the answer?

Generally speaking, when it comes to outsourcing compliance functions for a FINRA Member Firm, the regulatory bodies, FINRA, the Securities and Exchange Commission ("SEC") and the state regulators say you cannot outsource the compliance function.

There is however, one notable exception…

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Warren Forest
FINRA'S EXAMINATION AND RISK MONITORING PROGRAM FOR 2021
FINRA'S EXAMINATION AND RISK MONITORING PROGRAM FOR 2021

​If you own, or work in a Broker/Dealer, you know that sooner, or later, either FINRA, the Securities and Exchange Commission ("SEC"), or a State Securities Regulator, will eventually examine the Broker/Dealer that you are associated with. While the SEC and State Regulators don't have regularly scheduled examinations for brokerage firms, FINRA will have cycle examinations for each and every Broker/Dealer that is a Member Firm.

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Warren Forest