Compliance and Regulatory Alerts | 01-10-23
FINRA Publishes 2023 Report on Exam and Risk Monitoring Program
FINRA has announced the publication of the 2023 Report on FINRA's Examination and Risk Monitoring Program. The comprehensive report from FINRA’s regulatory operations covers 24 topics addressing issues that "remain perennially important, with updates to reflect evolving risks, industry trends and findings from FINRA’s recent oversight activities." Four of those topics are new for the 2023 report — Manipulative Trading; Fixed Income – Fair Pricing; Fractional Shares; and Regulation SHO.
Additionally, the report introduces a new Financial Crimes section, consisting of three topics — Cybersecurity and Technological Governance; Anti-Money Laundering, Fraud and Sanctions; and Manipulative Trading — highlighting FINRA’s increased focus on protecting investors and safeguarding market integrity against these ongoing threats. Other key topics include: Cybersecurity, Complex Products, Reg BI and Form CRS, and Mobile Apps.
Stay tuned for our annual commentary, coming soon, on FINRA’s 2023 objectives and how they may impact your legal, regulatory and compliance matters.