Third-party risk management (TPRM) is FINRA’s newest compliance focus — and broker-dealers should take note. FINRA highlighted a sharp rise in cyberattacks and outages involving third-party vendors and providers. Since many broker-dealers rely on vendors for critical systems and activities, a single disruption can have wide-reaching impacts.
In response, FINRA made its expectations clear: broker-dealers are responsible for
identifying, assessing, mitigating, and managing third-party risks. With the right tools and knowledge, smaller firms can take meaningful steps to comply with FINRA regulations and guidance to effectively manage third-party risks and protect both their firms and their clients.
Download the eBook to learn:
- FINRA's expectations for third-party risk management
- What FINRA examiners are looking for
- Frequently asked TPRM questions
- Tips to comply with FINRA's expectations
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