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FINRA Firm Grouping Member Forum: Capital Markets and Investment Banking Agenda

Event banner: FINRA Firm Grouping Member Forum: Capital Markets and Investment Banking October 5, 2021

FINRA’s Firm Grouping Member Forums are one-day free events designed to provide financial professionals associated with FINRA member firms the opportunity to engage in key discussions with FINRA staff and connect with industry leaders and peers. The forums also include thoughtful discussions around the future landscape of the financial services industry and provides opportunities to meet one-on-one with FINRA Risk Monitoring Analysts, Directors, and Single Points of Accountability (SPoA) to discuss firm-specific questions.

Agenda

Tuesday, October 5, 2021
All times are listed in Eastern Time.


10:00 a.m. – 10:45 a.m.
Welcome Remarks and Capital Markets and Investment Banking Common Examination Findings
Join FINRA staff as they discuss the most common deficiencies noted during Capital Markets and Investment Banking examinations. Panelists discuss effective practices for preparing for examinations, taking corrective action, annual priorities, trends and updated compliance procedures and practices based on lessons learned from common examination findings. Panelists also share helpful tools and resources available on FINRA.org to manage compliance requirements.

Welcome Remarks Speaker:
  • William (Bill) St. Louis, FINRA Member Supervision
Moderator:
  • Thomas (Tom) Mellett, FINRA Member Supervision
Panelists:
  • Catherine Dunn, FINRA Member Supervision
  • Stacie Jungling, FINRA Member Supervision
  • Matthew (Matt) Reyburn, FINRA Member Supervision

10:45 a.m. – 11:00 a.m.
Break

11:00 a.m. – 11:30 a.m.
FINRA’s Membership Application Program (MAP)
Attend this session to hear about FINRA’s Membership Application Program (MAP). Learn how FINRA evaluates proposed business activities of potential and existing member firms, including the applicant’s financial, operational, supervisory and compliance systems. This session provides an overview of the application process.

Moderator: 
  • Leyna Goro, FINRA Member Supervision
Panelists:
  • Patricia (Pat) Dorilio, FINRA Member Supervision
  • Kayla Martin, FINRA Member Supervision
  • Robert (Rob) Schmidt, FINRA Member Supervision

11:30 a.m. – 11:45 a.m.
Break

11:45 a.m. – 12:15 p.m.
Advertising Regulation Update
Join FINRA staff and industry panelists as they discuss current advertising compliance issues. Panelists also share tips to strengthen the marketing and compliance relationship when developing compliant communications.

Moderator:
  • Amy Sochard, FINRA Advertising Regulation
Panelists:
  • Ira Gluck, FINRA Advertising Regulation
  • Minh Le, FINRA Corporate Financing

12:15 p.m. – 1:00 p.m.
Break

1:00 p.m. – 1:30 p.m.
Office Hours (By appointment)
Office Hours provides an opportunity for forum attendees to meet one-on-one with FINRA staff. FINRA employees will be available for 15-minute appointments to answer questions and discuss firm-specific issues.

Office Hours Topics:
Financial Rule Update
  • Bo Kim, FINRA Member Supervision
  • Tyler Kane, FINRA Office of Financial and Operational Risk Policy
Cybersecurity
  • Richard (Rich) Harmon, FINRA Member Supervision
  • Keith Bettencourt, FINRA Member Supervision
FINRA Membership Application Program (MAP)
  • George Malley, FINRA Member Supervision
  • Patricia (Pat) Dorilio, FINRA Member Supervision
Funding Portal
  • James Murphy, FINRA Member Supervision
General Questions
  • Michael Mailes, FINRA Member Supervision
  • Steven Brooks, FINRA Member Supervision
General Questions
  • Roberta Devorsky, FINRA Member Supervision
  • Henry (Hank) Kugaczewski, FINRA Member Supervision

1:30 p.m. – 2:00 p.m.
Introduction to Your Capital Markets and Investment Banking Single Points of Accountability (SPoAs)
During this session, FINRA staff discuss the firm grouping structure and lessons learned during implementation. Panelists share what firms can expect going forward.

Speakers:
  • Elliot Henslovitz, FINRA Member Supervision
  • Robert (Rob) Sulik, FINRA Member Supervision
  • Laura Trotz, FINRA Member Supervision

2:00 p.m. – 2:15 p.m.
Break

2:15 p.m. – 3:00 p.m.
Financial Rule Updates
This session provides an update on financial rules affecting Capital Markets and Investment Banking firms. Join FINRA staff as they discuss the ASC 606 revenue recognition standard, annual audits, expense sharing arrangements, permanency of capital, and exemption reporting.

Moderator: 
  • Ann Duguid, FINRA Office of Financial and Operational Risk Policy
Panelists:
  • Alif Dhanidina, FINRA Member Supervision
  • Pamela Moy, FINRA Member Supervision
  • Anthony Vinci, FINRA Office of Financial and Operational Risk Policy

3:00 p.m. – 3:15 p.m.
Break

3:15 p.m. – 4:05 p.m.
Cybersecurity and Closing Remarks
This session focuses on cybersecurity issues and common challenges for all size firms. Panelists discuss the current threat landscape including imposter websites, phishing intrusions, ransomware, account takeovers among others, along with effective practices firms can follow.     

Moderator:

  • David (Dave) Kelley, FINRA Member Supervision
Panelists:
  • Keith Bettencourt, FINRA Member Supervision
  • Robert (Rob) Gnoinski, FINRA Member Supervision
  • Heather Watson, FINRA Member Supervision

Closing Remarks Speaker:

  • William (Bill) St. Louis, FINRA Member Supervision