Regulatory Notice 11-54

FINRA and the SEC Issue Joint Guidance on Effective Policies and Procedures for Broker-Dealer Branch Inspections

Executive Summary

FINRA and the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations are issuing the attached National Exam Risk Alert to provide broker-dealer firms with information on developing effective policies and procedures for branch office inspections. The Alert reminds firms of supervisory requirements under FINRA’s supervision rule and notes common deficiencies and strong compliance practices.

 

Questions concerning this Notice should be directed to:

 

  • Michael Rufino, Chief Operating Officer, Member Regulation Sales Practice, at (212) 858-4487; or
  • George Walz, Vice President, Office of Risk, at (202) 728- 8211.