Experienced professionals assisting broker-dealer and registered investment adviser clients with membership applications, regulatory issues and inquiries, and compliance.
Experienced professionals assisting broker-dealer and registered investment adviser clients with membership applications, regulatory issues and inquiries, and compliance.
"Regulatory bodies working together should not be a novel concept. It should be the norm. Coordination between regulatory organizations provides
businesses a predictable, straightforward path to compliance and comprehensive protections for investors that build trust in our markets,"
- SEC Chairman Paul S. Atkins
Here at Diles Consulting, we couldn't agree more!
The SEC and NFA have established a Memorandum of Understanding (MOU) intended to facilitate the sharing of information regarding emerging risks,
examination planning, and financial market conditions. While the agencies suggest this coordination will minimize duplicative oversight and provide
a more predictable path for businesses, firms are still required to navigate the overlap between derivatives and securities laws. The actual impact
of this harmonization initiative on reducing the potential for conflicting oversight remains a subject of observation for many industry participants.
Firms attempting to address these developments may consider Expert Compliance Solutions, such as those offered by Diles Consulting. The company's founder,
Colleen Diles, brings 22 years of regulatory experience. Diles Consulting provides application services for firms seeking both FINRA and NFA membership.
SEC.gov | SEC and NFA Announce Memorandum of Understanding to Further Harmonize Regulatory Coordination