• FINRA is Ready to Focus on 'Blocking and Tackling'
  • February 7, 2017 | Authors: Brian L. Rubin; Sarah Razaq Sallis
  • Law Firms: Eversheds Sutherland (US) LLP - Atlanta Office; Eversheds Sutherland (US) LLP - Washington Office
  • Law360

    Full article


    As the football season was winding down, on January 4, 2017, the Financial Industry Regulatory Authority (FINRA) published its 2017 Annual Regulatory and Examination Priorities Letter. According to FINRA President and CEO, Robert Cook, this year’s 11-page letter focuses on “core ‘blocking and tackling’ issues of compliance, supervision and risk management.”

    Unlike many other summaries of FINRA’s priorities, in their article for Law360, Eversheds Sutherland (US) attorneys Brian Rubin, Sarah Sallis and Gregory Amoroso’s analysis focuses on:
    • The Starting Lineup - Increased scrutiny on the old pros (senior investors)
    • Calling the Plays - Emphasis of fundamental suitability issues 
    • Not Quite “Spygate” - The importance of cybersecurity 
    • Comeback Players - Focus on hiring and supervising high-risk and recidivist brokers
    • Riding the Bench - No mention of culture, conflicts and ethics
    • The Final Score - Protect investors and preserve market integrity