In a
letter recently released to member firms, FINRA discusses priorities being
incorporated into its 2009 field examination program. A number of the
identified priorities appear to have been prompted by uncertain financial
markets and the current recession, while others reflect new regulatory
developments or simply restate ongoing FINRA concerns about supervision,
customer protection and other matters. Here we provide a summary highlighting
some of the key points of the letter (the “Release.”)
About Seymour "Sy" Bucholz
The author of this article is Seymour (“Sy”) Bucholz, a New York City attorney with many years of experience representing broker-dealer and other securities industry clients. Among Sy’s areas of concentration are regulatory licensing, disciplinary, operational and financing matters, often involving client relationships with the SEC, FINRA, NYSE and other self-regulatory organizations. Sy is a graduate of Cornell University and Harvard Law School and is affiliated with Garvey Schubert Barer, a multi-regional law firm serving a wide variety of industries and clients in the U.S. and abroad. Garvey Schubert Barer has offices in Washington, D.C., New York City, Seattle, Portland and Beijing.
The
linked summary contains information necessarily of a general nature that
cannot be regarded as legal advice and is not intended to apply to any
particular facts and circumstances. Our attorneys would be pleased to provide
additional details and to discuss the matters described as they may apply to
your specific situation.
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