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CCOutreach BD National Seminar 

February 8, 2011

Resources

Dodd-Frank Legislation 

News Releases

• Implementing the Dodd-Frank Wall Street and Consumer Protection Act

http://www.sec.gov/spotlight/dodd-frank.shtml

• Study on Investment Advisers and Broker-Dealers

http://www.sec.gov/news/studies/2011/913studyfinal.pdf

Anti-Money Laundering Compliance

Rules

• FINRA Rule 3310. Anti-Money Laundering Compliance Program 

http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=8656

• “Uniting and Strengthening America by Providing Appropriate Tools Required to 

Intercept and Obstruct Terrorism Act of 2001. (USA PATRIOT Act of 2001),” 

Pub. L. No. 107-56, 115 Stat. 272 (2001). 

Title III of the Act, the International Money Laundering Abatement and AntiTerrorist Financing Act of 2001, contains anti-money laundering provisions 

applicable to financial institutions, including broker/dealers. 

http://www.fincen.gov/hr3162.pdf

• Bank Secrecy Act Regulations 

http://www.fincen.gov/statutes_regs/bsa/

• MSRB Final Rule G-41 

http://www.msrb.org/msrb1/archive/G-41approval.htm

• FinCEN Final Rule on Confidentiality of Suspicious Activity Reports 

http://edocket.access.gpo.gov/2010/pdf/2010-29869.pdf 

Notices

• FINRA Regulatory Notice 09-60, SEC Approval and Effective Dates for New 

Consolidated FINRA Rules; Effective Date (all rules except FINRA Rule 3310): 

December 14, 2009; Effective Date (FINRA Rule 3310): January 1, 2010 

(October 2009) 

www.finra.org/Industry/Regulation/Notices/2009/P120230
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• NASD Notice to Members 07-17, NASD and NYSE Joint Release Regarding 

Special Measures against Specified Banks Pursuant to Section 311 of the USA 

PATRIOT Act (April 2007) 

www.finra.org/web/groups/rules_regs/documents/notice_to_members/p018973.pd

f

Other Resources

• Guidance on Obtaining and Maintaining Beneficial Ownership Information 

http://www.sec.gov/rules/other/2010/34-61651-guidance.pdf 

• SIFMA CIP No-Action Letter dated January 11, 2011 

http://www.sec.gov/divisions/marketreg/mr-noaction/2011/sifma011111.pdf

• FINRA Anti-Money Laundering Web Page 

www.finra.org/aml

• Anti-Money Laundering Template for Small Firms 

www.finra.org/Industry/Issues/AML/p006340

• Financial Action Task Force (FATF) Guidance on Money Laundering and 

Terrorist Financing in the Securities Sector (October 30, 2009) 

www.fatfgafi.org/document/29/0,3343,en_32250379_32237202_43939933_1_1_1_1,00.ht

ml

• FATF Guidance on the Risk-Based Approach to Combating Money Laundering 

and Terrorist Financing

www.fatf-gafi.org/dataoecd/43/46/38960576.pdf

• SAR Activity Review – Trends, Tips and Issues, Issue 18 (October 2010) 

Twice a year, FinCEN publishes a review of tips, trends and patterns in SAR 

reporting. 

http://www.fincen.gov/news_room/rp/files/sar_tti_18.pdf

• SAR Activity Review – By the Numbers, Issue 1 (October 2003) – Issue 15 

(January 2011) 

The SAR Activity Review by the Numbers offers important statistical information 

on SARs filed by various financial institutions by geographic location, by type of 

activity and other categories.

www.fincen.gov/news_room/rp/sar_by_number.html 

• Federal Financial Institutions Examination Council (FFIEC), Bank Secrecy Act 

Anti-Money Laundering Examination Manual 

www.ffiec.gov/bsa_aml_infobase/pages_manual/manual_online.htm
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Relevant Actions

• SEC Charges Pinnacle Capital Markets for Deficient Customer Identification 

Program Procedures

http://www.sec.gov/news/press/2010/2010-161.htm

Examination Priorities and Process 

Communications to Firms 

• FINRA Annual Regulatory and Examination Priorities Letter

www.finra.org/exampriorities

• OCIE Head Outline National Exam Program 

http://www.complinet.com/global/news/news/article.html?ref=139681

Education 

• What to Expect Webcast: Preparing for a FINRA Cycle Examination

www.finra.org/webcasts/whattoexpect/cycleexam

Compliance Tools 

• FINRA Compliance Resources

www.finra.org/compliancetools 

• SEC Compliance Resources

http://www.sec.gov/divisions/marketreg/mrbdealers.shtml

Relevant Actions

• SEC Charges Merrill Lynch for Misusing Customer Order Information and 

Charging Undisclosed Trading Fees 

http://www.sec.gov/news/press/2011/2011-22.htm

Other Resources

• FINRA’s Firm Gateway Web Page

www.finra.org/firmgateway 

• FINRA Issue Center 

www.finra.org/Industry/Issues

• FINRA’s Web Information Request (Web IR) Web Page 

www.finra.org/WebIR

 

Electronic Communications

Notices

• FINRA Regulatory Notice 10-06, Guidance on Blogs and Social Networking Web 

Sites (January 2010) 

 www.finra.org/Industry/Regulation/Notices/2010/P120760
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• FINRA Regulatory Notice 09-55, FINRA Requests Comments on Proposed New 

Rules Governing Communications with the Public (September 2009) 

www.finra.org/Industry/Regulation/Notices/2009/P120004

• FINRA Regulatory Notice 07-59, Supervision of Electronic Communications; 

FINRA Provides Guidance Regarding the Review and Supervision of Electronic 

Communications (December 2007) 

www.finra.org/Industry/Regulation/Notices/2007/P037554

• NASD Notice to Members 03-33, Instant Messaging; Clarification for Members 

Regarding Supervisory Obligations and Recordkeeping Requirements for Instant 

Messaging (July 2003) 

www.finra.org/Industry/Regulation/Notices/2003/P003248

 

• NASD Notice to Members 01-23, Suitability Rule and Online Communications

(April 2001) 

www.finra.org/Industry/Regulation/Notices/2001/P003886

 

Rules

• NASD Rule 2210. Communications with the Public

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=10467

&element_id=3617&highlight=2210#r10467

• NASD Rule 2711. Research Analysts and Research Reports 

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=4352

&element_id=3675&highlight=2711%28b%29%283%29%28A%29#r4352

• NYSE Rule 472. Communications with the Public 

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id

=6575

• FINRA Rule 2310. Direct Participation Programs 

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=11706

&element_id=8469&highlight=2310#r11706

• NASD Rule 3010. Supervision 

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=4395

&element_id=3717&highlight=3010#r4395

• NASD Rule 3070. Reporting Requirements 

http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=4408

&element_id=3730&highlight=3070#r4408

• NYSE Rule 351. Reporting Requirements 

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id

=6523
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• NASD Rule 3110. Books and Records 

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id

=3734

• NYSE Rule 410. Records of Order 

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id

=6546
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FINRA Webinars

• Compliance Considerations for Social Networking Sites (February 3, 2010) 

www.finra.org/Industry/Education/OnlineLearning/Webinars/P119385 

• Implementing Compliance Practices for Social Media (March 17, 2010) 

www.finra.org/Industry/Education/OnlineLearning/Webinars/P120758

• Electronic Communications and Recordkeeping Compliance Webinar (October 20, 2010) 

http://www.finra.org/Industry/Education/OnlineLearning/Webinars/P121940C:\D

ocuments and Settings\croushok\Local Settings\Temporary Internet 

Files\Content.Outlook\SAGRR6QW\www.finra.org\Industry\Education\OnlineLe

arning\Webinars\P121940

FINRA Podcasts

• February 19, 2008, Electronic Communications: Introduction to Supervision

• March 17, 2008, Electronic Communications: What and Who 

• April 8, 2008, Electronic Communications: Reviewing Correspondence

• February 9, 2009, Electronic Communications: Web Sites 

• February 23, 2009, Electronic Communications: Blogs, Bulletin Boards and Chat Rooms 

• March 10, 2009, Electronic Communications: Social Networking Sites 

• February 8, 2010, Social Networking 

www.finra.org/Industry/Education/OnlineLearning/Podcasts/index.htm

Other Resources

• Guide to the Internet for Registered Representatives

www.finra.org/Industry/Issues/Advertising/p006118