Fundamentals of Broker-Dealer Regulation 2010

Why You Should Attend

Major changes in broker-dealer regulation and the industry are anticipated as a result of the financial services crisis.  At the same time, the merger of the NYSE and NASD has resulted in one securities regulatory organization—FINRA-- and marks the beginning of a new regime with a new rulebook.  This program will provide attendees with a solid foundation in the regulatory regime applying to broker-dealers, including what to expect next regarding broker-dealer regulation. Attendees will learn how the Securities and Exchange Act of 1934, FINRA rules and state securities laws interact in governing the brokerage industry.

Attendees will also learn about recent regulatory enforcement activity by the SEC, FINRA, and the States and about how broker-dealers are responding to these developments and the challenges ahead for the industry.

Further, a distinguished faculty of practitioners and regulators, including current and former officials of the Securities and Exchange Commission and FINRA, will offer insights into recent rulemaking that is having far-reaching impact on the day-to-day operations of firms.

What You Will Learn

• Who are the regulators and how do they interact?
• What are the prospects of a harmonized broker-dealer and adviser regulatory regime?
• What is entailed with respect to the duty to supervise?
• How are conflicts of interest resolved?
• What is “suitability”?  
• Developments regarding broker-dealer advisory services
• What is the role of the chief compliance officer?
• How do the SEC and FINRA conduct inspections?

Who Should Attend

Anyone entering the brokerage industry will benefit from a thorough grounding in the basic regulatory regime governing the industry as will anyone already working in the industry who would like a refresher.