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Get SET - State Examiner Training Agenda


FINRA, the California Department of Business Oversight and NASAA are bringing state securities regulators together for a joint conference dedicated to training examiners on conducting broker-dealer exams. This collaborative, one-day event focuses on strategies and solutions to help examiners strengthen their skills.

7:00 a.m. – 4:30 p.m.


7:00 a.m. – 8:00 a.m.

Networking Breakfast

8:00 a.m. – 8:05 a.m.

Welcome Remarks: David Greene, District Director, Sales Practice, FINRA Los Angeles District Office and Balbiro Kazla, Deputy Commissioner, Broker Dealer/Investment Adviser Division, California Department of Business Oversight

8:05 a.m. – 8:20 a.m.

Keynote Address: Edgar L. Gill, Senior Deputy Commissioner, California Department of Business and Oversight

8:20 a.m. – 8:30 a.m.

Training Introduction and Hypothetical: Chris Gerold, NASAA President-elect and Bureau Chief of the Bureau of Securities, New Jersey Office of the Attorney General

8:30 a.m. – 9:30 a.m.

Discovery: Understanding the Firm and Where the Risk Lies

During this session, attendees discuss discovery techniques to aid in a more efficient and effective risk-based examination.

9:30 a.m. – 9:50 a.m.

Understanding Broker-Dealer Fees

During this session, attendees review types of broker-dealers, their fee structures, and how to assess if broker-dealer fees are reasonable.

9:50 a.m. – 10:00 a.m.

Networking Break

10:00 a.m. – 11:00 a.m.

Analyzing Trade Blotters

During this hands-on session, attendees review trade blotters and discuss red flags, and how to mitigate risks derived from trading activities.

11:00 a.m. – 11:10 a.m.

Networking Break

11:10 a.m. – 12:10 p.m.

Interpreting Exception Reports

Panelists discuss the various types of exception reports, how to interpret information from these reports, and ways to identify and address red flags.

12:10 p.m. – 1:10 p.m.

Networking Lunch

1:10 p.m. – 2:10 p.m.

Evaluating Supervision

This session provides what you need to know when reviewing Written Supervisory Procedures (WSPs). WSPs are a “living document” and should provide a road map for supervisory personnel to follow when they conduct reviews. Join panelists as they answer questions and provide practical tips for reviewing supervisory systems.

2:10 p.m. – 2:20 p.m.

Networking Break

2:20 p.m. – 3:20 p.m.

Determining Suitability

This hands-on session provides a review of important suitability obligations. Join panelists as they share relevant information on key components of the suitability rule and provide insight on effective practices.

3:20 p.m. – 3:30 p.m.

Networking Break

3:30 p.m. – 4:20 p.m.

Identifying and Understanding Compliance Risks at Broker-Dealer Branch Offices

This session features a discussion around identifying and understanding the different types of risks associated with branch offices and branch representatives. Join panelists as they discuss effective practices and helpful procedures used to identify misconduct and risks.

4:20 p.m. – 4:30 p.m.

Conclusion of Hypothetical and Closing Remarks: Chris Gerold, NASAA President-elect and Bureau Chief of the Bureau of Securities, New Jersey Office of the Attorney General

4:30 p.m. – 5:30 p.m.

Networking Reception

This agenda is subject to change.