WebSep 27, 2024 · Firms should review their management of third-party vendors to ensure they meet the obligations mentioned in this notice. Review WSPs of third-party vendors … Webservices were typically outsourced to third-party firms specializing in such services and often included investigating employment history, legal and regulatory matters, news sources, and independent reference checks. • Regulatory History Review. The staff observed that some advisers utilized FINRA
Financial Industry Regulatory Authority (FINRA) Definition
WebMay 12, 2024 · Third-party pricing services. Pricing services often relied on fund management to provide information needed to value securities held by high-yield funds. Examiners commented that the fund’s disclosure may be misleading if, in such instances, the fund represented that its pricing source provided “independent” values. WebNov 2, 2024 · FINRA encourages firms to take a “risk-based approach” to third-party risk management and evaluate the outsourced activities for their sensitivity and intricacy. … peggy niver south bend indiana
Broker-Dealer Compliance With Revamped Recordkeeping …
WebDec 4, 2024 · All third-party record keepers employed by an adviser would have to comply with a comprehensive oversight framework, consisting of due diligence, monitoring, and recordkeeping elements, specifically the six-element diligence and periodic monitoring requirements prescribed for enlisting service providers to provide covered functions … WebMay 10, 2024 · Regulatory Notice 17-18 reiterates this point. However, there are some exceptions, including situations where a firm pays for, prepares, controls, or explicitly endorses content posted by third-parties. In these scenarios, a firm must comply with FINRA Rule 2210. Hyperlinks to third-party websites. FINRA reminds firms that … WebJun 11, 2024 · Financial Industry Regulatory Authority - FINRA: The Financial Industry Regulatory Authority (FINRA) resulted from the merger of the New York Stock Exchange … peggy nissen thompson