FINRA Podcast: Spring 2015 Firm Element Advisory - Part 2

FINRA released the second podcast in its three-part series on regulatory and sales practice topics for Firm Element Training plans.

The podcast addressed two topics that were covered previously in Part 1 of the podcast series: (i) the recently approved MSRB amendments to create professional qualification standards and (ii) the new best-execution rule for municipal transactions.

The current podcast discussed the new MSRB rule on supervisory and compliance obligations for municipal advisors, which requires a compliance model that has a "reasonably designed supervisory system complemented by a chief compliance officer." The rule will become effective on April 23, 2016.

The podcast also highlighted the online filing depository of the North American Securities Administrators Association ("NASAA"), which allows issuers to submit Form D for Regulation D offerings to state securities regulators and pay-related fees.

See: Transcription of Podcast; Listen to Podcast.Related news: FINRA Podcast: Spring 2015 Firm Element Advisory - Part 1 (May 13, 2015).