During this session, FINRA panelists highlight core regulations related to institutional trading, order handling and recordkeeping. Panelists provide scenarios designed to help institutional traders reinforce their understanding of compliance obligations.
Topics discussed:
After attending this session, you will be able to:
• Understand the types of controls that can be used to mitigate risk associated with the various conflicts of interest that can exist within and across business lines as well as those arising from employee activities.
• Discuss industry practices for supervising the operation of a firm’s institutional trading and the impact inadequate supervision and controls can have in terms of impacting the firm’s institutional business operations and the operations of other related departments.
Intended Audience:
This program is designed for legal and compliance professionals at broker-dealer firms.
Timed Agenda:
3:15 p.m. – 3:20 p.m. Introductions and panel objectives
Thomas Drogan, Jeffrey Herrmann, Charles Lucas, Michael Sullivan
3:20 p.m. – 3:50 p.m. Mitigating and managing conflicts of interest
• Conflicts arising from employee activities
• Conflicts within and across business lines
Thomas Drogan, Jeffrey Herrmann, Charles Lucas, Michael Sullivan
3:50 p.m. – 4:20 p.m. Supervision of Trading Desk Operations
• Controls to prevent unauthorized or rogue trading
• Order Handling controls (e.g., processing, cancelations, corrections)
• Supervision of communications
• Identification and supervision of suspicious activity
Thomas Drogan, Jeffrey Herrmann, Charles Lucas, Michael Sullivan
4:20 p.m. – 4:30 p.m. Questions and answers and panel takeaway summary
Thomas Drogan, Jeffrey Herrmann, Charles Lucas, Michael Sullivan
Speakers:
Thomas Drogan (Moderator)
FINRA New York District Office
One World Financial Center
200 Liberty Street
New York, NY 10281
212-858-4193
thomas.drogan@finra.org
Jeffrey Herrmann
FINRA New York District Office
200 Liberty Street Brookfield Place
New York, NY 10281
212-858-4445
Jeffrey.Herrmann@finra.org
Charles Lucas
Elevation, LLC
214 N. Tryon Street; Suite 3020
Charlotte, NC 28202
704-926-1100
clucas@elevationllc.net
Michael Sullivan
Wells Fargo Securities, LLC
301 South College St.; TW8
Charlotte, NC 28202
704-715-9796
michael.sullivan@wachovia.com
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
