FINRA’s 2024 Annual Regulatory Oversight Report: What Broker-Dealers Need to Know

FINRA’s 2024 Annual Regulatory Oversight Report: What Broker-Dealers Need to Know

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On January 9, 2024, the Financial Industry Regulatory Authority published its 2024 FINRA Annual Regulatory Oversight Report. Previously titled Report on FINRA’s Examination and Risk Monitoring Program, the Report is released each year and provides insight into findings from FINRA’s oversight activities in key focus areas. For each area selected by FINRA, the Report outlines effective practices and common regulatory deficiencies FINRA has observed and identifies questions firms should consider in assessing their compliance programs. In this alert, we highlight some notable changes to this year’s Report, including new topics and emerging risks as well as new findings and suggested considerations added by FINRA to existing sections. We have organized our key takeaways around three main topics: (i) sales practices, (ii) trading and (iii) other recent trends and emerging risks, including the use of artificial intelligence tools.

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