Phone: 212-851-8414
Fax: 212-851-8405

Written Supervisory Procedures for Broker-Dealers

Method: Instructor-led training
Time: 8:30 am to 5:00 pm
Instructor: Carolyn R. May
Fee: Call for details (212) 851-8414 or email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Download Course Agenda

Written Supervisory Procedures for Broker-Dealers addresses the requirements of supervisory rules, which require firms to establish and maintain a system to supervise the activities of registered representatives, management, and associated staff. The system should be designed to achieve compliance with applicable laws and regulations. Through an interactive, hands-on workshop, the Written Supervisory Procedures for Broker-Dealers course addresses the development of relevant supervisory procedures.

Examine overview of rules and regulations to be covered by all firms
Explore considerations before writing procedures and developing training programs
Discuss best practices and common challenges in developing written supervisory procedures
Participate in hands-on development of relevant written supervisory procedures using case studies and examples

Who should attend:

Branch managers, supervisory staff, attorneys, and compliance staff.

Written Supervisory Procedures for Broker-Dealers - Course Agenda

8:30 am – 9:00 am	Registration and Continental Breakfast
9:00 am – 10:15 am	FINRA Rule Requirements Supervisory Systems vs. Written Supervisory Procedures Large firm vs. small firm issues Reasonably designing procedures to achieve compliance Considerations Before You Begin Four main tenets of supervision Do’s and don’ts of drafting procedures Reviewing rules and regulations Risk Assessment and Compliance Inventory Taking inventory of firm products and compliance issues FINRA WSP Checklist Assessing major areas of risk Utilizing prior testing and examinations Utilizing firm personnel Delegation of Supervisors Considerations in assigning supervisors Delegation of responsibilities Branch office considerations and OSJs
10:15 am – 10:30 am	Break
10:30 am – 12:00 pm	Drafting, Comment and Approval Process Determining who should be involved? Timelines Common Mistakes When Writing Supervisory Procedures Using canned procedures Review of common mistakes Examples of vagueness and clarity
12:00 pm – 1:00 pm	Lunch
1:00 pm – 2:30 pm	Areas to Be Covered in Written Supervisory Procedures - General Review of items required to be included in Written Supervisory Procedures Discussion of best practices and model procedures for general areas Areas to Be Covered in Written Supervisory Procedures – Firm Specific Review of other areas which need to be included in Written Supervisory Procedures, depending on the firm’s business model Discussion of best practices and model procedures for the various areas
2:30 pm – 2:45 pm	Break
2:45 pm – 4:30 pm	Case Study Interactive presentation of case study where participants will work together to develop procedures Moving Forward Monitoring for new rules and regulations Sources of information Compliance tools Role of WSP in regulatory inquiries and arbitrations
4:30 pm – 5:00 pm	Q & A and Wrap-Up

Programs

Programs consist of access to private online groups. In-person classroom training features presentations, real-life case studies, exercises, and lively discussions.

Volume Discounts

Receive a 10% discount when three or more employees register for the same course at the same time. Groups of ten or more receive a 15% discount.

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