Regulatory Certainty… Really? A Look at Compliance with FINRA Rules 2090 and 2111

January 28, 2013 | Leave a Comment

Take a look at how some Broker-Dealers are approaching the new rules and creatively meeting the challenges of compliance when certainty may be in short supply. Make no mistake; there is certainty in the wealth management community regarding the deadline for compliance with FINRA rules 2090 and 2111 and all firms are taking the new rules seriously. Regardless of where Broker-Dealers are in the implementation process, they have been receptive to looking at solutions that can offer flexibility while also minimizing operational cost associated with rework and tech-heavy solutions.

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Posted by IT Analyst | Filed a Industry Insights 

Are you prepared for FINRA Rules 2090 and 2111?

September 8, 2011 | 1 Comment

Insurance Technologies continues to monitor new and upcoming regulations within the financial service industry in order to enhance our product offerings to help our clients with compliance. Two new regulations proposed in 2010 by the Financial Industry Regulatory Authority (FINRA) that Insurance Technologies is watching are FINRA Rules 2090 (Know your Customer) and 2111 (Suitability). These new SEC approved FINRA rules are scheduled to be effective in 2012 and will have a strong impact on Broker Dealers.

FINRA Rule 2090 and Rule 2111 were created to govern suitability and know your customer obligations to ensure investor protection, fair dealing with customers and promote ethical sales practices. It is important for Broker Dealers to prepare for these upcoming rules and start implementing the necessary procedures to prepare their Advisors.

Insurance Technologies continues to collaborate with current Broker Dealer clients to identify the best practices to meet these regulations. Please contact us, to learn how Insurance Technologies sales solutions can assist your company in meeting these upcoming FINRA rules. Read more

Posted by IT Analyst | Filed a Compliance/Regulation 


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