FINRA Compliance & Consulting Services

FLANK offers FINRA consultants and services, along with authoring of FINRA policies and procedures services as required by various FINRA rules. Essential to its mandate for protecting investors and promoting market integrity, FINRA enacts a wide-range of rules, along with publishing guidance in its role as the primary regulator of securities firms and brokers. FINRA, in terms of rulemaking and involvement, includes the securities industry, the Securities and Exchange Commission (SEC) and other regulators, and also investors.

FINRA has recently put forth effort to consolidate and establish a FINRA rulebook consisting solely of FINRA Rules. Therefore, a wide-range of information security and operational policies and procedures will need to be developed by organizations for ensuring full compliance with various rules created by FINRA. Such an effort can be incredibly challenging for financial institutions who are already burdened with ongoing regulatory compliance mandates, and its why organizations turn to FLANK for comprehensive FINRA consulting services, along with authoring of FINRA policies and procedures.

Experts in FINRA Policies and Procedures

Authoring documentation can be incredibly taxing, especially when it comes to FINRA compliance. After all, every financial institution is different, with varying needs regarding documentation. FINRA policies and procedures are not a one-size fits all approach, rather, a customized process whereby

Learn more about our signature product, the Global Information Security Policy Toolkit (GISPT), the world's most complete security policy packet containing over 2,850 + pages of in-depth information security policies, procedures, forms, checklists, templates, provisioning and hardening documents, and much more. View sample policies, forms, hardening documents, and more, along with our professional compliance services we offer.

FINRA Cybersecurity Compliance in Accordance with the SEC

Ensuring the confidentiality, integrity, and availability (CIA) of an organization’s information systems is now more important than ever for financial institutions with the seemingly never-ending cybersecurity threats and attacks that can threaten the safety of sensitive consumer data. As such, FLANK provides cybersecurity services for meeting the following SEC provisions:

  • Regulation S-P (17 CFR §248.30), which requires firms to adopt written policies and procedures to protect customer information against cyber-attacks and other forms of unauthorized access.
  • Regulation S-ID (17 CFR §248.201-202), which outlines a firm's duties regarding the detection, prevention, and mitigation of identity theft.
  • The Securities Exchange Act of 1934 (17 CFR §240.17a-4(f)), which requires firms to preserve electronically stored records in a non-rewriteable, non-erasable format.

In an effort to help create awareness on the broader topic of cybersecurity, FINRA has provided checklists, video, and other essential subject matter which can be found by visiting finra.org today. From authoring information security policies and procedures to assessing internal controls, and more, FLANK provides comprehensive services for meeting mandates SEC provisions.

Download the SEC Cybersecurity Compliance Policy Packet

Our industry leading SEC Cybersecurity Compliance Policy Packet for ensuring rapid and quick compliance comes complete with the following documentation:

  • Information Security Policies and Procedures Manual
  • Employee Security Awareness Training Packet
  • Risk Management & Risk Assessment Program
  • Incident Response Plan
  • SEC Cybersecurity Internal Monitoring Checklist
  • Third Party Service Provider Monitoring Program

FINRA Compliance Reviews Services

FLANK also offers comprehensive FINRA compliance reviews services for helping ensure that organizations have all relevant policies, procedures, and processes in place as required by FINRA and other applicable regulations. While FINRA is the largest self-regulatory organization (SRO) in the securities industry within the United States, other entities play a critical role also, for which FLANK can assist in such compliance requirements also, including additional state and federal mandates imposed upon your business.

FINRA compliance reviews services from FLANK include, but are not limited to, the following:

  • Annual Compliance Program Reviews
  • Risk Assessments
  • Due Diligence Initiatives
  • Anti-Money Laundering Audits (FINRA Rule 3310)
  • CEO Certification Reviews (FINRA Rule 3130)
  • Supervisory Controls Reviews (NASD Rule 3012)

A Proven Process for Compliance Reviews

All of our professional consulting services follow a similar pattern in terms of planning, execution, and completion. Specifically, every engagement begins with an initial scoping & readiness assessment, followed by remediation recommendations – and subsequent performance of such activities – for ensuring compliance is met, then a final validation phase for the engagement. Throughout the process, FLANK offers a wide-range of helpful tools for ensuring an engagement that’s completed on-time, within budget, and that has met your needs.