FINRA Outlines Its 2020 Risk Monitoring and Exam Priorities

FINRA recently issued its 2020 Risk Monitoring and Examination Priorities Letter (Letter), which outlines focus areas for its risk monitoring, market surveillance and examination activities in the coming year and offers practical considerations that firms may use to evaluate and improve their compliance, supervision and risk management programs. The Letter covers four broad areas under FINRA’s domain: sales practices and supervision; market integrity; financial management; and firm operations. This article presents the key takeaways from the Letter. For more on FINRA priorities, see “Report Highlights Common Broker-Dealer Compliance Shortcomings” (Jan. 24, 2019); and “FINRA Outlines Its Regulatory and Examination Priorities for 2018” (Feb. 8, 2018).

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