FINRA’s 2021 Annual Conference Remarks
9 Key Takeaways from FINRA’s 2021 Annual Conference
On May 20th, 2021 the SEC released remarks at the 2021 FINRA Annual Conference. This Conference provided an in-depth look at FINRA with numerous regulatory and compliance discussion panels.
Chairman Gary Gensler, provided valuable information during this virtual event and Vigilant has provided key takeaways from his remarks.
9 Key Takeaways from their Chairman Gary Gensler’s Remarks:
- FINRA plays a strong role in protecting investors.
- FINRA is looking forward to an active policy agenda at the SEC.
- The SEC has a three-part mission which is to facilitate capital formation, protect investors, and have fair, orderly, and efficient markets.
- Advisers need to strive to follow the spirit of the law, not just whether something is technically crossing a line.
- Individual accountability is essential to enforcement including individual bars and other relief.
- Goal of the SEC is accountability and a focus on misconduct across the $100 trillion capital market.
- As technology continues to evolve, the SEC and FINRA will continue to pursue regulatory enforcement for wrongdoing involving crypto, cyber, and fintech.
- There will also be an increased focus on how agencies use technology and data analytics to watch the markets and enforce the law.
- Concluding with a statement that enforcement is one of the key reasons for America’s economic success during the last 90 years.
Want to learn more and view the full SEC Release? Click HERE!