FINRA’s 2023 risk monitoring report, the SEC’s Risk Alert on Reg BI and 2023 Exam Priorities are three recent regulatory reports that call out deficiencies and a continued focus on Reg BI’s Care Obligation.
With regulators calling for more to be done, we invite you to watch this on-demand webinar to hear industry experts from Faegre Drinker, Scopus Financial Group and Oyster Consulting discuss:
- Insights and observations that firms can use in strengthening their compliance programs.
- How to leverage technology to consider reasonably available alternatives (RAA) when making recommendations.
- Monitoring best interest rollover and account recommendations.
- How to prepare for the retrospective review requirements.
- How to establish a product review process to identify and categorize risk and complexity levels for existing and new products.
Meet Your Speakers
David Porteous, Partner, Faegre Drinker
David Porteous routinely counsels clients in the investment management, broker-dealer and financial services industries on regulatory matters including examinations, investigations and enforcement proceedings as well as complex civil and securities-related litigation. In addition, he assists clients in developing and implementing compliance and regulatory risk management plans and represents clients in complex civil and securities litigation.
Tom Selman, Founder, Scopus Financial Group
With over two decades of regulatory leadership and expertise, Tom Selman served as FINRA’s Executive Vice President for Regulatory Policy and its Legal Compliance Officer. A prolific author, commentator, and expert in financial services regulation, Mr. Selman led many FINRA departments, including its Department of Advertising Regulation, Department of Corporate Financing, Office of Disciplinary Affairs, and Office of Financial Innovation. Mr. Selman holds a CFA charter.
Ed Wegener, Managing Director, Oyster Consulting LLC
Ed Wegener is an innovative compliance, risk management and supervisory controls expert with deep understanding of Federal Securities Laws and the rules of self-regulatory organizations, as well as technology optimization and risk mitigation. Prior to joining Oyster, Ed held several posts in FINRA, most recently as Senior VP and Midwest Regional Director. While there, he was responsible for the Region’s risk assessment, examination and investigation programs. Ed was a member of the team that developed FINRA’s risk-based examination program and he developed and managed FINRA’s first Digital Asset and Cybersecurity examination programs.
Randy Barnes, Director of Product Engineering, InvestorCOM
Randy Barnes has spent the majority of his professional career in the financial services technology space. With over 25 years of experience, Randy has managed and developed technology for large-scale enterprise clients as well as smaller broker-dealers and registered investment advisor firms. Randy’s professional passion is helping the customer and bringing a customer-centric focus to everything.
Parham Nasseri, Vice President Regulatory Strategy, InvestorCOM
Parham Nasseri has spent his career translating complex regulatory requirements into technology solutions that improve investor and advisor outcomes. He has over 15 years of regulatory and wealth management experience, including senior roles in regulatory analytics, digital transformation, and investment analytics.
Parham currently serves as Vice President, Product & Regulatory Strategy at InvestorCOM, a leading software solutions provider for the financial services industry. He serves on several advisory boards including Ontario Securities Commission’s Investor Advisory Panel, CFA Societies’ Canadian Advocacy Council, The Canadian RegTech Association, and Junior Achievements of Central Ontario. He is also the host of the Wealth Compliance Leaders series.