BROWSE BY TOPIC
Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Broker-Dealer Cybersecurity - FINRA Podcast
In the Part I of a 3-part series, Chip Jones, FINRA SVP of Member Relations and Education, leads a discussion with Susan Axelrod, FINRA EVP for Office of Regulatory Operations, and Dave Kelley, Surveillance Director from FINRA's KC District Office, about common deficiencies FINRA staff see during examinations of firms' cybersecurity programs. The podcast duration is 6-1/2 minutes.
PODCAST HIGHLIGHTS. While FINRA has no Cybersecurity Rule, and has no intention of implementing one, it takes every available opportunity to converse with member firms about the issue, including:
- to understand what steps firms take to safeguard customer data.
- to share best practices with member firms.
- to evaluate each firm's risk assessment framework.
- to evaluate each firm's consistency with peers.
FINRA seeks to allay firms' concerns about these dialogs. Rarely, rarely will FINRA write up a firm for deficiencies. However, write-ups will occur when FINRA comes across situations it feels strongly about - e.g., where access controls are so weak that someone who has left the firm can still access the system to enter trades.
NEXT UP - PART II. Formalizing the oversight of a firm's cyber program in strengthening controls around access to data and systems.