Phase I: Foundation

Session Description

Broker-Dealer Structure and Supervision

This session is designed to provide a review of the legal framework requiring firms to supervise their employees’ activities as well as an understanding of supervisory tasks and systems with an emphasis on practical implementation. More specifically, instructors Yarden and Weinberg tackle issues surrounding

 

• Broker-dealer control structure
• The role of compliance, including: surveillance, policies and procedures and the regulatory audit
• Role of “the supervisor” in relation to other organizational stakeholders
• Supervisory obligations, including: the supervisory paradigm and rules, written supervisory procedures, certifications and instances of failure to supervise

 

After completing this session, you will be able to:

 

• Explain the role of compliance in the firm and identify supervisors’ roles in various situations
• Describe the primary objectives of a regulatory audit and learn recommendations for a successful audit
• Understand applicable FINRA conduct rules
• Learn the characteristics and activities of an effective supervisor

 

Instructors:

 

Linda Yarden, Vice President, Goldman Sachs
Andrew Weinberg, Director and Senior Counsel, Deutsche Bank