SEC, MSRB, FINRA to Hold Hybrid Compliance Outreach Program
July 01 2024 - 10:37AM
Business Wire
The Securities and Exchange Commission (SEC), Municipal
Securities Rulemaking Board (MSRB) and FINRA announced today that
registration is now open for both in-person and virtual attendance
of their Compliance Outreach Program for municipal market
professionals. The event is open to the public and will take place
on Wednesday, Nov. 20, and Thursday, Nov. 21, 2024, in Denver,
Colorado.
The program will provide municipal market participants an
opportunity to hear from SEC, MSRB and FINRA staff on timely
regulatory and compliance matters for municipal advisors and
dealers. Panel topics will include compliance pain points for
municipal advisors and broker-dealers, exam and enforcement
priorities, a regulatory outlook, net capital requirements, federal
fiduciary duty, post-trade monitoring and other municipal market
key topics.
“The SEC looks forward to co-hosting this meaningful Compliance
Outreach Program for municipal market participants,” said SEC
Director of the Office of Municipal Securities Dave Sanchez. “These
panel discussions address important regulatory and guidance
information—much of which includes novel ideas and perspective—that
municipal market participants will find valuable both in their
roles and as industry leaders.”
“We are pleased to continue coordinating with the SEC and FINRA
to continue an open dialogue with municipal advisors and dealers to
address their top concerns and interests,” said MSRB Chief
Regulatory and Policy Officer Ernesto Lanza. “This year’s program
devotes time to both municipal advisors and dealers in the form of
breakout sessions that will address unique issues and needs for all
types of municipal market professionals, including small
firms.”
“The Compliance Outreach Program is a great opportunity to
engage in dialogue that fosters effective regulation, improves
compliance and strengthens everyone’s understanding of the
industry,” said Michael Solomon, Executive Vice President,
Examinations and Membership Application Program at FINRA. “We are
pleased to partner with the SEC and MSRB to offer a forum where
municipal market participants not only hear from their regulators
but also work with them.”
Registration is being administered by FINRA. The program is free
and open to the public. For those unable to attend in-person or via
the livestream, a recording of the program will be archived on the
SEC's webpage following the event.
To submit questions and topics of interest in advance of the
event, please email: gergana.sellers@finra.org.
About FINRA
FINRA is a not-for-profit organization dedicated to investor
protection and market integrity. FINRA regulates one critical part
of the securities industry—member brokerage firms doing business in
the U.S. FINRA, overseen by the SEC, writes rules, examines for and
enforces compliance with FINRA rules and federal securities laws,
registers broker-dealer personnel and offers them education and
training, and informs the investing public. In addition, FINRA
provides surveillance and other regulatory services for equities
and options markets, as well as trade reporting and other industry
utilities. FINRA also administers a dispute resolution forum for
investors and brokerage firms and their registered employees. For
more information, visit www.finra.org.
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