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Risk Management Data Protection Financial Industry Regulatory Authority (FINRA)

Vedder Price

FINRA Publishes 2025 Regulatory Oversight Report

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On January 28, 2025, FINRA published its annual regulatory oversight report for 2025 (Report), which highlights observations and findings from FINRA’s oversight programs. The Report covers 24 topics, and for each topic it...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Navigating FINRA’s 2025 Third-Party Risk Updates: Compliance Strategies for Financial Institutions

Every year, the Financial Industry Regulatory Authority (FINRA) issues an Annual Regulatory Report in an effort to provide FINRA Member Firms with insight into findings from FINRA’s regulatory operations programs. The Annual...more

Burr & Forman

FINRA Warns Against Russian-Sponsored Cyber Attacks

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In its April 27 Weekly Update, the Financial Industry Regulatory Authority’s (“FINRA”) National Cause and Financial Crimes Detection program urged FINRA member firms to review a cyber-threat alert arising from Russia’s...more

Baker Donelson

Financial Industry Regulators Continue Crackdown on Cybersecurity

Baker Donelson on

On multiple fronts, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) continue to increase their focus on cybersecurity. This is understandable as headlines of recent...more

BCLP

FINRA Reminds Broker-Dealers of their Obligations to Safeguard Customer Information and to Build Controls Designed to Protect...

BCLP on

Key Takeaways: ..According to FINRA, the number of reported instances involving broker-dealer fraudulent account takeovers (ATO) and related theft is on the rise. ..As set forth in recently released FINRA Regulatory...more

Burr & Forman

FINRA Warns on Compliance Phishing

Burr & Forman on

On March 4, FINRA issued a Regulatory Notice warning member firms not to fall for phishing scam preying on compliance fears.  The scam uses a phony email address, supports@finra-online.com, demanding an immediate response to...more

McGuireWoods LLP

Cybersecurity and Pen Testing: Why Go Looking for Trouble?

McGuireWoods LLP on

Penetration testing or conducting a pen test can be a key element in a firm’s arsenal to protect itself against cyber intrusions. Firms use pen tests to test potential vulnerabilities of their networks, determine where there...more

McGuireWoods LLP

Cybersecurity: FINRA Guidance through 2018 Priorities and Recent Exam Findings

McGuireWoods LLP on

The Financial Industry Regulatory Authority (FINRA) is ramping up on their commitment to assist the industry in its cybersecurity compliance efforts. Recent guidance to the industry from FINRA includes: - an Examination...more

Dorsey & Whitney LLP

Cybersecurity Compliance Just Got Tougher

Dorsey & Whitney LLP on

Companies need specific, well-executed plans to meet growing demands of federal and state agencies. While cybersecurity risks have increased, government regulation has traditionally lagged behind. Recently, some...more

Broker-Dealer Compliance + Regulation

Cybersecurity, Round 2: OCIE Announces Areas of Focus for Cybersecurity Examinations

On September 15, 2015, OCIE issued a risk alert relating to its new cybersecurity examination initiative. This is the second round of these examinations, and the alert provides a detailed look at OCIE’s current areas of...more

K&L Gates LLP

A Few Takeaways from the OCIE Cybersecurity Examination Sweep Summary

K&L Gates LLP on

On February 3, 2015, the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert (the “2015 Risk Alert”) with summary observations from its recently...more

King & Spalding

FINRA Issues Cybersecurity Practices Report And Investor Guidance

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On February 3, the Financial Industry Regulatory Authority (“FINRA”) issued two publications concerning cybersecurity risks at financial firms. The Report on Cybersecurity Practices presents the results of FINRA’s 2014...more

Burr & Forman

FINRA Conducting Cyber-Security Sweep Exam

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Reacting in part to recent data-breaches and cyber-attacks on larger retailers, the Financial Industry Regulatory Authority (“FINRA”) is conducting a targeted examination of some 20 broker-dealer member firms’ compliance and...more

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