Trends, Developments and Updates in the Broker-Dealer Regulation: What to Expect in 2019 and Beyond
Broker-dealers are faced with a robust regulatory environment where regulatory focus is constantly changing and new rules are implemented. Practitioners must stay abreast of the issues and new developments to improve compliance and to mitigate unwanted risk.
Listen as a panel of distinguished professionals organized by The Knowledge Group provide the audience with the latest and emerging issues in broker-dealer regulation. Speakers, among other things, will discuss opportunities and challenges, provide practice tips and make predictions on what to expect in the years ahead.
Key issues that will be covered in this course are:
- New FINRA Self-Reporting Initiative 529 Plans
- New and Pending Rule Changes
- High Risk Brokers and Supervisory Issues
- Senior Investors
- Best Execution and Fixed Income Mark-up
- Regulation Best Interest
- Issues Involving Dual Registrants
- Exam Priorities
Capital Forensics, Inc.
- Data Analytics and Supervisory Controls in Topics Covered
- Exam Priorities FINRA’s new Risk Approach
- Regulatory Technology and Data Governance
- FINRA’s new 529 Plan Self Reporting Initiative NTM 19-04
Jenks & Harvey LLP
- FINRA’s continued focus on risks related to associated persons with a problematic regulatory history and FINRA’s enhance examination program to evaluate how firms address these risks in their hiring practices and supervision programs:
- Notice to Members 97-19 (providing certain hiring practices when considering for employment an associated person with a history of customer complaints, disciplinary actions or arbitrations from the securities industry);
- Regulatory Notice 18-15 (listing the kinds of industry and regulatory-related incidents that firms should consider, and highlighting that statutorily disqualified persons and persons who have been disciplined in disciplinary proceedings raise significant investor protection concerns);
- Regulatory Notice 18-06 (Membership Application Program)
- Sales Practice Risks – Suitability (Regulatory Notice 18-13 Quantitative Suitability);
- Sales Practice Risks - Senior Investors; and
- Outside Business Activities and Private Securities Transactions.
- Update on Regulation Best Interest
- Best Execution Rule
- Exam priorities regarding supervision issues
- Dual Registration Issues update
Murphy & McGonigle
- FINRA changes to expungement rules
- Advisor texting and social media
- Fixed income mark-up disclosure
Who Should Attend:
- Financial Advisers
- Investment Advisers
- Banking and Finance Professionals
- Risk and Compliance Officers
- In-house Counsel
- Securities Attorneys
- Securities Lawyers
- Other related professionals
John Ivan is a highly respected securities industry attorney and compliance professional who has led both compliance and legal departments for major financial institutions, with a focus on wealth management, brokerage and advisory issues.
Most recently, he served as Chief Compliance Officer for Raymond James & Associates, Inc., the full-service retail and capital markets broker-dealer based in St Petersburg, Florida, and also was head of Compliance for all of Raymond James’ retail and dual registrant businesses. Prior to that, he was Managing Director at Bank of America Merrill Lynch covering Compliance for its Global Wealth and Retirement Services products and services business. Previously, he was General Counsel and Chief Compliance Officer for Janney Montgomery Scott LLC, in Philadelphia.
John also served in senior compliance and legal roles at Goldman Sachs in New York, and at Wells Fargo Advisors’ predecessor firms in Richmond, Virginia. He began his career at the United States Securities and Exchange Commission. He is a graduate of University of Virginia and University of Richmond Law School.
John Ivan is a highly respected securities industry attorney and compliance professional who has led both compliance and legal departments …
Ms. Jenks has over 30 years of legal experience representing financial institutions, wirehouses, independent broker-dealers, insured broker-dealers, investment professionals, officers and directors, and financial advisers in retail, industry, and employment disputes as well as in compliance and regulatory matters. She defends registered persons and entities in regulatory matters. She has represented retail and institutional investors in securities matters and arbitration.
Ms. Jenks has over 30 years of legal experience representing financial institutions, wirehouses, independent broker-dealers, insured broker-dealers, investment professionals, officers …
Clint A. Corrie is a partner in the Dallas office of Lewis Brisbois. He focuses his practice primarily in complex commercial litigation, with an emphasis on banking, securities litigation, and arbitrations before FINRA panels. He represents broker-dealers, investment advisers, wealth management advisers, hedge funds and private equity firms and their professionals in a wide range of securities matters including sales practices, customer complaints, suitability and supervisory claims, regulatory inquiries, investigations, and FINRA and SEC enforcement proceedings. Mr. Corrie is also experienced in professional liability matters and coverage involving financial institution bonds. He has represented national banks and credit unions in litigation between financial institutions, involving syndicated loans and participations.
Clint A. Corrie is a partner in the Dallas office of Lewis Brisbois. He focuses his practice primarily in complex …
Heather Middleton focuses her practice on defending Wall Street brokerage firms and their employees in FINRA arbitrations, civil court matters, regulatory inquiries and government investigations. Recent cases have included disputes between firms and their employees, customer complaints, trading desk and market access violations, research department issues and a broad range of related sales practice issues. Prior to practicing law, Ms. Middleton worked at Merrill Lynch for more than 10 years where she gained invaluable experience with trading, portfolio management, various investment vehicles, branch operations and securities regulations. Heather is admitted to practice in New York and New Jersey. She handles community service and charitable giving efforts in Murphy & McGonigle’s New York office.
Heather Middleton focuses her practice on defending Wall Street brokerage firms and their employees in FINRA arbitrations, civil court matters, …
Print and review course materials
Method of Presentation:
General knowledge of securities regulation
NY Category of CLE Credit:
Areas of Professional Practice
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About Capital Forensics, Inc.
For more than 26 years, CFI has been providing a range of services for financial services industry clients involving data analyses, compliance and regulatory consulting, and litigation support services, These firms include broker-dealers, banks, insurance companies and RIAs, as well as Fortune 500 companies and legal counsel. CFI also provides damages analyses and forensic accounting services.
CFI has established a reputation for working closely with clients to achieve a successful resolution of internal and external regulatory reviews, provide detailed compliance consulting and remediation services, expert testimony in arbitrations and Regulatory inquiries, and litigation support. Our experts include former Regulators, Chief Compliance Officers, Senior Legal Counselors, Retail and Institutional Executives, Trust Company Officers and Product Managers and Leaders.
About Jenks & Harvey LLP
Jenks & Harvey LLP is involved in various aspects of securities arbitration and litigation, broker-dealer compliance, regulatory and enforcement defense, registration matters, and representation of registered persons in retail and employment matters.
About Lewis Brisbois
Founded In 1979 by seven lawyers from a premier Los Angeles firm, less than 40 years later, Lewis Brisbois Bisgaard & Smith LLP (Lewis Brisbois), an AMLAW 100 firm, has grown to more than 1,200 attorneys in 42 offices in 26 states, and dedicates itself to a high-achieving and diverse law firm culture focused on client service in more than 50 legal practice areas for clients of all sizes in every major industry. Lewis Brisbois has built longstanding relationships with corporate and institutional clients based on our ability to provide comprehensive service on a national scale.
About Murphy & McGonigle
Murphy & McGonigle, founded in 2010, was created based on an innovative law firm model that rigorously controls overhead while providing its attorneys and clients with state-of-the-art technology and litigation support to ensure both world-class service and maximum cost-efficiency. In the years since the financial crisis, that model has become increasingly attractive for clients in the financial services industry which has driven the rapid growth of the law firm.
For the fifth year in a row, U.S. News & Best Lawyers selected Murphy & McGonigle as a National Tier One Law Firm. This year, we were honored in Securities Regulation, Litigation – Securities, and Corporate Law. Only 25 firms received National Tier One recognition in all three areas with Murphy & McGonigle as the youngest and smallest firm among those 25 listed, by far.
Murphy & McGonigle serves the litigation, enforcement defense, and regulatory counseling needs of clients across the full spectrum of the financial services industry – from national banks, broker-dealers, investment advisers, and hedge funds, to national and international securities markets and exchanges.