Phase I: Foundation

Session Description

Updates from the Regulators

Dr. Orts moderates a discussion with senior staff from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) on current regulatory priorities and updates. Areas of focus are current at the time of the session; typical topics would include recent examination priorities and findings; FINRA’s rule consolidation efforts; common types of interactions among regulatory entities; and a description of regulatory structures.

 

After completing this session, you will be able to:

 

• Describe the securities industry regulatory structure
• Understand the regulatory interrelationships of functions between the SEC and FINRA
• Identify current SEC and FINRA examination priorities and common findings
• Discuss the current status of FINRA’s rule review and consolidation process

 

Moderator:

 

Eric Orts, Professor of Legal Studies and Business Ethics and Management, University of Pennsylvania

 

Instructors:

 

Suzanne McGovern, Assistant Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission

 

Daniel Sibears, Executive Vice President, Member Regulation, Financial Industry Regulatory Authority