FINRA Annual Compliance Meeting

FINRA Rule 3110
Agenda Preparation / Presentation Delivery

Expert Training Services

FINRA & SEC Rules
Attendance Tracking

  • FINRA Annual Compliance Meeting

    The FINRA annual compliance meeting is required by FINRA Rule 3110(a)(7). Actually, the rule requires that broker-dealers evidence the attendance (participation) of each registered representative and registered principal at an annual “interview or meeting conducted by persons designated by the member at which compliance matters relevant to the activities” of the attendees are discussed.

    The supplementary material in Rule 3110.04 provides that the annual compliance meeting may be conducted in person or by other means (on-demand webcast, video conference, interactive classroom setting, telephone, or other electronic means). However, for those using these methods, FINRA requires that there is a method of ensuring that the attendee was present for the entire meeting (unique user ID and password with a platform that tracks time spent on the presentation, or click-as-you go confirmations). FINRA will also require a completed attestation by the attendee at the end of a webcast or other electronic presentation. FINRA also requires that attendees are able to ask questions at the end of the presentation and receive timely answers to those questions.

  • FINRA Priorities Training

    Each year, FINRA publishes a Regulatory and Examination Priorities Letter. That letter outlines FINRA’s concerns that year, and these are often areas of examiner focus during examinations. Many broker-dealers offer training to associated persons on these priorities, sometimes at the FINRA annual compliance meeting. Examples of topics include:

      • Non-traded REIT compliance
      • L-share variable annuity suitability
      • High frequency trading
    • Outside business activities rule
    • Private securities transactions
    • Hunting for yield – suitability
    • Exchange traded products (ETNs and ETFs)
    • Securities backed lending

    If you are interested in delivering these or any other topics, please don’t hesitate to make inquiry of FirstMark.

  • Anti-Money Laundering (AML) Training

    FINRA Rule 3310(e) requires ongoing training in the area of anti-money laundering (AML). Many broker-dealers utilize online training courses, like FINRA’s Online Learning. In other cases, an in-person session makes sense.

FIRSTMARK DELIVERS EXPERT INSIGHTS ON TOPICS YOU WANT

Often compliance staff are too busy to drop everything and conduct research, prepare a training session, deliver it, and take follow-up questions. Why deliver your training in a hurried manner when you can have FirstMark do the heavy lifting. FirstMark conducts the research on relevant rules, prepares the materials for use with the session, and delivers the training. Whether for a FINRA annual compliance meeting, or an ad-hoc topic of importance, FirstMark delivers.

finra annual compliance meeting

FINRA Annual Compliance Meeting and More

Whether for your FINRA annual compliance meeting, or another training need, FirstMark will deliver a well-researched, impactful presentation. Many attendees enjoy training from a former regulator. The sessions can be designed and delivered according to your specifications. Contact FirstMark now to inquire about your training needs.