FINRA's 2022 Exam Report and the Focus on Reg BI

ON-DEMAND WEBINAR 

In February, FINRA published its 2022 Report on Examination and Risk Monitoring Program.

With 2021 marking the first full year of Reg BI examinations, the FINRA Report highlights that firms can do more in meeting their Reg BI obligations. Some of the Report’s most notable findings are related to compliance with the Care Obligation, conflicts of interest, insufficient disclosures, and much more. Needless to say, FINRA will continue to place a large emphasis on Reg BI in its upcoming inspections.

With the FINRA Report calling for more to be done on the Reg BI front, we invite you to watch this on-demand webinar to hear industry experts from Faegre Drinker, Oyster Consulting and Scopus Financial Group discuss:

  • How to leverage technology to consider reasonably available alternatives (RAA) when making recommendations
  • Monitoring best interest rollover recommendations
  • 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 Faegre Drinker

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

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 Oyster Consulting LLC

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.

Parham Nasseri InvestorCOM

Parham Nasseri, Vice President Regulatory Strategy, InvestorCOM

Parham Nasseri’s career spans the intersection of wealth management regulation, innovative technology, and consulting solutions. He is currently the VP of Regulatory Strategy at InvestorCOM, a leading RegTech provider, and has held leadership roles in a Canadian regulatory organization (OBSI), where he led the data and investment analysis team.

Parham serves as a Strategic Advisor to a range of organizations including the Canadian RegTech Association, Junior Achievements and CFA Societies of Canada. He holds a CFA Charter and an MBA from Schulich School of Business.