Client Alert: What FINRA’s Eleven-Category Risk Model Means for Your Next Examination

The Financial Industry Regulatory Authority (FINRA) recently published a transparent description of how it assesses member-firm risk and uses those results to plan and tailor examinations. This framework provides a roadmap for compliance and will allow firms to align their internal risk work to FINRA's model and be better positioned to narrow exam focus, demonstrate effective supervision, and reduce surprise findings.... By: Shumaker, Loop & Kendrick, LLP