The SEC and FINRA want to reach out and talk directly to advisorsbut theyre not saying, at least for now, what they want to talk to them about.
The planned series of outreach sessions will provide professionals at broker-dealers with a forum for discussions with regulators about risk management, regulatory issues, and compliance practices, according to a statement posted to the SECs web site. The day-long sessions will be held in Denver, Los Angeles, Chicago, Miami, Philadelphia and New York beginning April 30 and ending June 30, and broker-dealers can register for the sessions now on either the SEC or the FINRA site.
FINRA views these programs as unique learning opportunities because they provide compliance professionals across the country with the opportunity to interact with FINRA and SEC staff. These outreach programs also provide us with an opportunity to listen to the firms regarding their day-to-day compliance initiatives, Chip Jones, FINRA senior vice president for member relations and education, said in a statement.
The sessions are free and open to all risk, audit, legal and compliance professionals employed by broker-dealers. Last years program, the first of its kind, focused on compliance and regulatory issues faced by large firms, such as enterprise risk management and sales and trading practices, according to the SECs website. This years topics, however, have yet to be announced.