Financial services firms are among the most heavily regulated organizations worldwide.
From the FCA to FINRA to state-level legislators, financial services firms are subject to a web of compliance requirements and contractual obligations. Of course, it’s not enough to simply be compliant with these requirements—each firm has to prove it.
That’s where certifications and attestations come into play.
In a landscape rife with legal obligations, few financial firms are as heavily regulated as broker-dealers.
From transaction monitoring and conflict management to complex customer protection rules, the resources needed to maintain compliance are significant—but not as high as the costs of being found non-compliant.
In this article, we’ll look at the regulatory landscape for broker-dealers and what firms can do to stay on top.
Between security, financial, and many other regulations, compliance has become a critical business function for every large organization. Keeping track of the rapidly evolving compliance landscape requires time and resources. And actually becoming and staying compliant? That’s a whole other ball game.
Last week MCO participated in the Stockbrokers and Financial Advisers Annual Conference, a virtual event in 2020 due to COVID-19.
We set out to discuss how to manage emerging risks such as cyber security, social engineering and to deliver a successful business. The level of scrutiny as to how advice businesses manage these risks is increasing dramatically. How do you keep on top of the demands?
Financial institutions never faced as many challenges as during Covid-19. In order to face heightened risk and compliance challenges many firms had to recognize that innovative solutions are essential in all areas of the business.
