17a-4 llc offers Readiness Review for new SEC FINRA regulations

Recent changes to SEC and FINRA regulations will need to be addressed by regulated institutions. 17a-4 offers compliance services to review rule changes and adjust corporate policy and procedures for continued compliance.

Sept.19,2013 – 17a-4 is offering a Readiness for Proposed FINRA 3110 Review service for clients that need to comply with recent pending regulations. 17a-4’s service includes recommendations for policy and procedure changes to accommodate the new rules.

On July 1, 2013, the Securities and Exchange Commission issued Release 34-69902. This release proposed changes to largely replace NASD 3010 with FINRA 3110 and NASD 3012 with FINRA 3120. The proposed changes update these regulations with several important changes to the policies and methodologies that
financial firms use to monitor and flag content including customer complaints, financial transaction instructions and inter-departmental communications. Institutions are charged to implement policies and systems to achieve compliance with the applicable securities laws and regulations.

“17a-4, llc works with hundreds of financial institutions on retention policies, supervisory procedures and Letters of Undertaking annual reviews. Based on the breadth of our experience, we can recommend during our 3110 Review such changes as: lexicons, sampling methodologies and escalation procedures.” says Charles
Weeden, Managing Partner 17a-4, llc.

Topics covered in the 3110 Review include:

  • How to determine and supervise ‘associated persons’
  • How to monitor departmental communications
  • How best to handle email complaints
  • How to implement ‘heightened’ supervisory policies

For more information on a Readiness for Proposed FINRA 3110 Review please contact 17a-4 llc at 212.949.1724 or email sales@17a-4.com.