FINRA to focus on audit trail issues in 2016

 

 

I wanted to update all my contacts that may be under the span of review of FINRA . In  2016  FINRA will be paying close attention to audit trail issues.Below is an extract from the 1/15/16 Regulatory and Exam priority letter sent out by FINRA

“Audit Trail Integrity …. In 2016, FINRA will focus on identifying potential audit trail issues not typically detected through routine compliance sweeps. This topic includes a continuing focus on late reporting of TRACE-eligible and municipal securities, as well as errors in the equity audit trail. – See more at: http://www.finra.org/industry/2016-regulatory-and-examination-priorities-letter#sthash.jFlBLHSm.dpuf”

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