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Finra asks 8 questions to assess a firm’s ‘culture’

February 23, 2016

Regulator launches target examination to gauge values and how they influence brokerages’ ability to adhere to securities rules

Feb 18, 2016 @ 1:10 pm | By Mark Schoeff Jr. | Investment News

Finra has launched a target examination designed to evaluate brokerages’ “firm culture.”

The Financial Industry Regulatory Authority Inc. posted on its website Thursday the examination letter, which outlines eight questions the organization’s examiners will use to assess a firm’s “cultural values” and how they influence its ability to adhere to securities rules.

Firms will be asked to summarize how they establish, implement and measure policies that form their culture, how they find and respond to compliance violations, and how they identify rogue “subcultures.”

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

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