FINRA Compliance: Safeguard Your Firm
Between 3,400 U.S. brokerage firms, 152,000 branch offices, and over 624,000 individual brokers, someone’s bound to make an honest mistake. Those with not-so-honest intentions must answer to FINRA.
A subsidiary of the SEC, the Financial Industry Regulatory Authority (FINRA) protects investors from market manipulation, fraud, and other “bad practices.” All brokers must be licensed and registered directly with FINRA in order to process trade requests.
So how can your firm ensure freedom from insider trading, market manipulation, or other “bad practices”? By harnessing the power of next-gen regtech. Star’s suite of FINRA compliance solutions enables firms to flag and self-report violations for Personal Trading, Outside Business Activities (OBA), Private Investments, Gifts & Entertainment, and more—no manual tracking required.
Protect Your Firm From Reputational Damage
The road to market integrity starts with establishing clear, comprehensive, and ethical internal practices—after all, a firm can’t protect the consumer without protecting its own employees. Those who violate FINRA regulations—intentionally or not—can face fines, suspension, and dismissal from the broker industry; just one high-profile breach of compliance can permanently damage a firm’s reputation and earning potential, not to mention contribute to widespread distrust of the industry at large.
To help firms operate with utmost integrity, StarCompliance solutions address a range of internal compliance risks:
Employee Conflicts of Interest
Protect your employees and reduce risk with a suite of solutions designed to address a range of issues.
Ensure employee trading and investments meet all regulatory and internal policy requirements.
Gain comprehensive pre-clearance and post-trade oversight across 35+ exchanges, 30+ blockchains, 200+ tokens.
Simplify declarations for employees holding non-publicly traded investments.
Track and report gifts and hospitality—given or received—to stay compliant with anti-bribery regulations.
Easily capture and manage employee disclosures for external business engagements.
Enforce pay-to-play thresholds and minimize employee-related risk with purpose-built tracking and controls.
Monitor employee trading against market activity and public news to detect potential insider risks.
License & Registration
Take advantage of centralized monitoring and easy integration with FINRA and other regulators.
Streamlined broker-dealer licensing and registration processes for employees and compliance teams.
FINRA Rules and Regulations to Know
Documentation and record-keeping is a major component of FINRA regulation. Along with covering ethical trading practices, employee compliance training should address the following FINRA rules regarding data collection and storage:
- Your firm must have written and enforceable retention policies
- There must be a searchable index of stored data
- Data must be readily retrievable and viewable
- A backup of data must be stored off-site
In addition to easy, secure, and visually attractive document generation, the STAR Platform supports employee training and attestations with our Training & Competency solution, ensuring your teams stay apprised of standard and changing regulations.
Maintain a Single Source of Truth
With Star’s suite of compliance software solutions, you can ensure FINRA compliance, facilitate widespread adoption, and set your teams up for success in a fast-moving market.
360° data visibility
Support transparency and cross-functional collaboration
Auto-population
Connect directly to FINRA for licensing updates
Fast & accurate reporting
Streamline reporting capabilities with attractive, error-free documents
Intuitive interface
Support easy employee adoption
Cost savings
Lower costs by streamlining processes
Scalable & secure
Scale up or down while safeguarding employee data
