Corporate Counsel | FINRA Report on Best Cybersecurity Practices is Must-Read, Alston & Bird Lawyer Says

Learn more about federal priorities – from the SEC to the IRS to SCOTUS – that will affect the investment industry, courtesy of our Financial Services & Products Group.

The Financial Industry Regulatory Authority’s 2019 summary of examinations of member firms marks a departure from reports issued in previous years. This year’s report reflects FINRA’s decision to distinguish more clearly between examination findings and observations – a new approach that signals heightened expectations for compliance in several key aspects of firm activities. In particular, the report includes findings for all key topics except liquidity and credit risk management and cybersecurity, for which it instead provides observations and effective practices.