FINRA's Examination team carries out a core function of FINRA's business by examining every member firm at least every four years and as often as annually, depending on the risk profile of each individual firm. These exams ensure firms remain in compliance with FINRA rules and federal securities laws and regulations and are at the heart of FINRA's mission of investor protection and market integrity.
On this episode, Michael Solomon, Senior Vice President of Examinations, Nicole McCafferty, Vice President of the Retail Exam Firm Group, and Joe Sheirer, Vice President of the Office of Exams, join us for a deep dive into how the program works and what firms can expect during routine firm exams.
Resources mentioned in this episode:
Episode 127: FINRA’s Risk Monitoring Program
Episode 60: National Cause and Financial Crimes Detection Programs
Reg Notice 23-08: Selling Private Placements
2023 Report on FINRA’s Examination and Risk Monitoring Program