Supervision and Compliance of Brokerage Firms

34 Pages Posted: 15 May 2018

See all articles by Christine Lazaro

Christine Lazaro

St. John's University - School of Law

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Date Written: October 21, 2017

Abstract

Brokerage firms are governed by a comprehensive set of rules and guidance regarding the firms supervision of its brokers. This article traces the supervision rules from their statutory origin through their further development by FINRA, the Financial Industry Regulatory Authority. The article examines the various FINRA rules which govern supervision exclusively, as well as those which touch on supervisory obligations. Next, the article discusses the guidance offered by FINRA through regulatory notices and examination priorities, which is related to supervisory obligations. The article focuses on the guidance related to various forms of conflicts, problem brokers, and issues related to senior investors.

Suggested Citation

Lazaro, Christine, Supervision and Compliance of Brokerage Firms (October 21, 2017). 24 No. 3 PIABA B.J. 435 (2017); St. John's Legal Studies Research Paper No. 18-0009. Available at SSRN: https://ssrn.com/abstract=3179131

Christine Lazaro (Contact Author)

St. John's University - School of Law ( email )

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Jamaica, NY 11439
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