Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Expands Enforcement Priorities For 2023

Posted on January 23rd, 2023 at 1:08 PM
FINRA Expands Enforcement Priorities For 2023

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï.

The Financial Industry Regulatory Authority (FINRA) has announced a plan to expand its enforcement priorities in 2023 to include new areas of focus.

FINRA specifically noted its intention to closely monitor firms’ fixed income product pricing mistakes, neglectful supervision, reporting of fractional share and short sales, as well as practices that might permit manipulative trading to occur. FINRA further announced that examinations will continue to focus on common issues such as Regulation Best Interest (Reg BI) compliance and problematic anti-money laundering (AML) policies. FINRA specifically noted that it has found “inadequate written supervisory procedures, non-specific surveillance thresholds and surveillance deficiencies”, which allows for manipulative trading to occur.

Furthermore, the notice accused firms of “not identifying specific steps and individuals responsible for monitoring for manipulative conduct; and not outlining escalation processes” for flagging certain conduct. Cybersecurity continues to be a main priority for FINRA enforcement because it constitutes “one of the principal operational risks facing broker-dealers”, according to FINRA’s report. The report further outlined FINRA’s expectation for “firms to develop and maintain reasonably designed cybersecurity programs and controls that are consistent with their risk profile, business model and scale of operations.”
ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

ÍøÆØ³Ô¹Ï just wanted to say thanks for your work in helping us get back some of the money we lost. ÍøÆØ³Ô¹Ï are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. ÍøÆØ³Ô¹Ï really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.