Infographic describing the rising number of FINRA and SEC disciplinary actions and fines. It also informs customers about how EAI Information Systems can help companies be compliant and survive audits.

1. against a large investment firm for
systematic anti-money laundering
compliance failures2
$17,000,000
fine for one of the world's largest
brokerage firms for systemic
reporting, books and records, and
related supervisory violations1
$2.8 Million
against a large investment firm and
$250,000 against a financial
services firm for failure to establish
policies and procedures necessary
to determine the amount of
commissions their clients were
being charged when sub-advisers
“traded away” with a broker-dealer
outside the wrap fee programs2
$600,000
Contact Kwame.Essieh@eaiinfosys.com to learn
more about flexible, integrated compliance,
data aggregation, and commissions processing
tools from EAI.
Avoid the Audit Trap
FINRA filed about
1500 disciplinary
actions, including...
CybersecurityAML (particularly
with respect to
microcap companies)
Senior citizens
(particularly with respect
to POAs and trusted
contact persons)
Conflicts of interest
with respect to
investment advisors
Using data
analytics to analyze
complex products
and embedded
derivatives
Insider trading
Accounting
issues
Cybersecurity, including
cyber-related disclosure failures
1
FINRA
2
SEC
3
Ze’-ev Eiger, “The SEC and FINRA Preview 2017 Enforcement Priorities at SIFMA’s C&L
New York Regional Seminar,” The BD/IA Regulator, November 11, 2016
4
Ibid.
©2017 EAI Information Systems. All rights reserved.
2016
fine for a major discount
brokerage for significant failures
in required electronic records
and email retention1
$2.6 Million
2017
against three registered advisers for
failures in their compliance programs2
$120,000
FINRA enforcement priorities include:3
The SEC will focus on:4
The SEC filed 868
enforcement actions vs.
807 in 2015, including...
2016
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in regulators’ belts
Record data quickly, accurately
and securely
Efficiently and automatically
manage broker/dealer risk
and liability across multiple
business lines
Get a single-screen view of data
aggregated from multiple systems.
Automatically red-flag
non-compliant or unsuitable
transactions for increased scrutiny
and document compliance reviews
at varying levels
Access tools to simplify regulatory compliance,
AML compliance, and commissions processing.
Surviving audits isn't getting any easier