Our goal is not to dictate a specific culture, but rather to understand how each firm's culture affects compliance and risk management practices. FINRA ( Merrill Lynch ) has outlined its 2016 regulatory priorities announcing it will be scrutinising the stated and unstated rules, policies, practices and behaviours that govern how companies operate and interact with customers. In addition, its investigations will focus on anti-money laundering, cyber security, management of conflicts of interest and technology management, amongst other things. Regulators will be looking at how discipline is meted out amongst high-producing and low producing advisers; previously, brokerage firms generally gave first chances to their so-called top producers when violations were discovered, however, banks such as Merrill Lynch are increasingly taking a three -tolerance approach.
FINRA ( Merrill Lynch ) has outlined its 2016 regulatory priorities announcing it will be scrutinising the stated and unstated rules, policies, practices and behaviours that govern how companies operate and interact with customers. In addition, its investigations will focus on anti-money laundering, cyber security, management of conflicts of interest and technology management, amongst other things. Regulators will be looking at how discipline is meted out amongst high-producing and low producing advisers; previously, brokerage firms generally gave first chances to their so-called top producers when violations were discovered, however, banks such as Merrill Lynch are increasingly taking a three -tolerance approach.