This is a webcast of the live New York session.
Why you should attend
Major changes in broker-dealer regulation and the industry have come about as a result of the financial services crisis and the resulting regulatory reform. At the same time, FINRA’s overhaul of its rulebook as part of its Rulebook Consolidation process is almost complete. This program will provide attendees with a solid foundation in the regulatory regime applying to broker-dealers, including what to expect next regarding broker-dealer regulation. Attendees will learn how the Securities Exchange Act of 1934, FINRA rules and state securities laws interact in governing the brokerage industry.
Attendees will also learn about recent regulatory enforcement activity by the SEC, FINRA, and the States and about how broker-dealers are responding to these developments and the challenges ahead for the industry.
A distinguished faculty will offer insights into recent rulemaking that is having far-reaching impact on the day-to-day operations of firms.
What you will learn
- Who are the regulators and how do they interact?
- What is entailed with respect to the duty to supervise?
- How are conflicts of interest resolved?
- What is “suitability”?
- Developments regarding broker-dealer and advisory services
- What is the role of the chief compliance officer?
- How do the SEC and FINRA conduct inspections?
Who should attend
Anyone entering the brokerage industry will benefit from a thorough grounding in the basic regulatory regime governing the industry as will anyone already working in the industry who would like a refresher.
PLI Group Discounts
Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact email@example.com or call (800) 260-4PLI.
PLI Can Arrange Group Viewing to Your Firm
Contact the Groupcasts Department via email at firstname.lastname@example.org for more details.
All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.
All times are E.D.T
Morning Session: 9:00 a.m. - 12:15 p.m. (E.D.T.)
9:00 Overview of Program; Who is a Broker-Dealer?
- The broker-dealer definition
- Exceptions to the definition
- Status of finders and placement agents
Robert L.D. Colby, Joanne C. Rutkowski
10:00 Broker-Dealer Registration and FINRA Membership
- Registration as a broker-dealer: The Form BD
- FINRA’s membership process
- The membership agreement
- Registration of Associated Persons
Clifford E. Kirsch, Allison Reid
11:00 Networking Break
11:15 Regulatory Jurisdiction
- State regulation
- SRO regulation
- The interplay between the SEC, the SROs and the States
- Current initiatives
Stephen Luparello, G. Philip Rutledge
12:15 Networking Lunch
Afternoon Session: 1:15 p.m. - 5:00 p.m. (E.D.T.)
1:15 The Customer Relationship
- Rules governing the customer account
Clifford E. Kirsch, Susan S. Krawczyk
2:15 Supervision and Compliance Programs (Legal Ethics)
- Rules requiring supervision
- The CLO/CCO as supervisor
- Requirements regarding compliance reviews
- Requirements regarding the design of a compliance program
- Current supervisory challenges
Doria G. Bachenheimer, Duane L. Hughes, Clifford E. Kirsch
3:30 Networking Break
3:45 Financial Responsibility, Recordkeeping, and Exams
- The Net Capital and Customer Protection Rules
- The SEC and FINRA’s exam program
John R. Hewitt, Chris Salter
PLI makes every effort to accredit its Live Webcasts. Please check the CLE Calculator above for CLE information specific to your state.
PLI's Live Webcasts
are approved for MCLE credit (unless otherwise noted in the product description
) in the following states/territories: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois, Indiana1
, Iowa*, Kansas*, Kentucky*, Louisiana, Maine*, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire*, New Jersey, New Mexico, Nevada, New York2
, Oklahoma, Oregon*, Pennsylvania4
, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia5
, Virgin Islands, Washington, West Virginia, Wisconsin, and Wyoming*.*PLI will apply for credit upon request.
Arizona: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
Arkansas and Oklahoma: Audio-only live webcasts are not approved for credit.
1Indiana: Considered a distance education course. There is a 6 credit limit per year.Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
2New York: Newly admitted attorneys may not take non-transitional course formats such as on-demand audio or video programs or live webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
3Ohio: To confirm that the live webcast has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per biennial compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
4 Pennsylvania: A live webcast may be viewed individually or in a group setting. Credit may be granted to an attorney who views a live webcast individually. There is a 4.0 credit limit per year for this type of viewing. A live webcast viewed in a group setting receives live participatory credit if the program is open to the public and advertised at least 30 days prior to the program. Live webcasts viewed in a group setting that do not advertise at least 30 days prior the program will be considered "in-house", and therefore denied credit.
5Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, refer to your state CLE website or call Customer Service at (800) 260-4PLI (4754) or email: email@example.com.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.