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FINRA Releases First Podcast on Firm Element Training Plans

FINRA released the first podcast in a four-part series on Firm Element training. The series highlights new and updated topics for firms to consider when developing and implementing their Firm Element training plans.

The first podcast noted FINRA's guidance in the following areas:

  • Communications rules. Non-promotional communications, institutional communications and a filing exclusion for non-material changes to previously filed retail communications.
  • Cybersecurity. Risk assessment, incident response plans and staff training.
  • Dispute resolution. FINRA amended the codes of arbitration procedure to increase the fees assessed for late cancellation and hearing postponements, and to revise the definitions of "non-public" and "public arbitrator."
  • Equity and debt research. The SEC approved two new FINRA rules concerning research analysts and reports: (i) a consolidation of NASD and NYSE rules, which lays out requirements related to equity research, and (ii) a rule that addresses debt research.
  • Liquidity risk management. FINRA issued new guidance on liquidity risk management practices.

Tags

Regulated Activities
Employee Matters
Sub-Activity
Training / Continuing Education
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA