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FINRA Unscripted

FINRA Unscripted

FINRA

FINRA Unscripted is the voice of the nation’s largest non-government securities regulator. We bring together FINRA leaders to discuss existing and emerging regulatory topics that impact the broker-dealer industry. We share best practices for compliance officers, insights into the operations of a 3,500 person self-regulated organization and educational tools and information for investors. Every investor in America relies on one thing: fair financial markets. That is what FINRA works every day to ensure.
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Top 10 FINRA Unscripted Episodes

Goodpods has curated a list of the 10 best FINRA Unscripted episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to FINRA Unscripted for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite FINRA Unscripted episode by adding your comments to the episode page.

Behind every market transaction lies a wealth of data. But how can we harness this information?

On this episode, we sit down with two members of the Market Regulation and Transparency Services team, Senior Vice President of Strategic Regulatory Engagement Alex Ellenberg, and Senior Director of Transparency Services Equities Brendan Loonam. They join us to discuss periodic aggregate market data sets, including some new data recently added to FINRA's website, and how FINRA makes this information available to the public in support of its mission of investor protection and market integrity.

Resources mentioned in this episode:

FINRA Data
OTC Transparency Data
NMS Equity and Option Order Routing Reports (SEC Rule 606(a) Reports)
About NMS Equity and Options Routing Reports (SEC 606(a) Reports)
OTC (ATS & Non-ATS) Transparency
Reg Notice 23-10: FINRA Requests Comment on a Proposal to Require Members to Provide Rule 605 Order Execution Quality Reports to FINRA for Centralized Publication
Episode 149: MRTS 2.0: A Redesign for a Rapidly Evolving Market

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The market for crypto assets has seen continued growth and firms are looking for ways to get involved in the digital asset space. So far, about two dozen firms have been approved by FINRA to provide services in securities backed by digital assets. And more firms are looking to follow in their footsteps.

On this episode, we hear from Armando Valdes, an application manager with FINRA’s Membership Application Program (MAP), and David Aman, a senior advisor with the Office of Financial and Operational Risk Policy within the Chief Legal Office, about the role FINRA’s MAP team is playing in the digital asset space, some common sticking points in these new and continuing member applications and how FINRA is working to support innovation while protecting investors in this dynamic environment.

Resources mentioned on this episode:

SEC’s September 25, 2020 No-Action Letter, “ATS Role in the Settlement of Digital Asset Security Trades”

SEC/FINRA July 8, 2019 Joint Statement on Broker-Dealer Custody of Digital Asset Securities

SEC Statement on the Custody of Digital Asset Securities by Special Purpose Broker-Dealers

Have questions? Email: [email protected]

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The number of highly sophisticated crypto scams is growing, with Americans losing an estimated $5.6 billion to crypto-related scams in 2023, according to the FBI, a 45 percent jump from the prior year. And often crypto fraud is tied in with romance scams, with criminals targeting victims through texts, dating sites, social media, networking channels or other apps. While we all like to think we would be immune to such scams, research has shown time and again that everyone is vulnerable, even the most highly educated among us.

On this episode, we hear the firsthand accounts of Jules and Brian, two victims of romance crypto scams, who recently spoke at a FINRA Foundation conference on disrupting the cycle of financial fraud. They sat down with Kim Casci-Palangio, program manager of the Cybercrime Support Network (CSN), to share their experiences, the financial, mental and emotional toll they took, and their efforts to recover from their loss. This audio was edited to remove personally identifying information about our victims.

Resources mentioned in this episode:

Cybercrime Support Network

Romance Scam Recovery Group

FINRA Foundation

FBI Internet Crime Complaint Center (IC3)

Non-Traditional Costs of Financial Fraud

Investor Alert: Relationship Investment Scams

‘Pig Butchering’ Scams: What They Are and How to Avoid Them

Crypto Investment Scams Infographic

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FINRA Unscripted - AML Update: The Latest Trends and Effective Practices
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05/31/22 • 26 min

Money laundering looks different in the securities industry and that poses its own challenges. But add to that a landscape of constantly evolving threats and it is a lot to keep up with.

On this episode, Jason Foye, Senior Director of the National Cause and Finance Crimes Detection Program’s Special Investigative Unit joins us once again to tell us about the latest trends, emerging threats and how firms can ensure their AML program remains strong and effective.

How are we doing? Take the FINRA Unscripted survey today.

Resources mentioned in this episode:

Episode 33: Beyond Hollywood: Money Laundering in the Securities Industry

Episode 34: Beyond Hollywood, Part II: AML Priorities and Best Practices

Episode 71: Overlapping Risks, Part 1: Anti-Money Laundering and Cybersecurity

Episode 72: Overlapping Risks, Part 2: Anti-Money Laundering and Elder Exploitation

Episode 86: FINRA’s Financial Intelligence Unit: Connecting the Dots

2022 Report on FINRA’s Exam and Risk Monitoring Program: Cybersecurity

2022 Report on FINRA’s Exam and Risk Monitoring Program: AML

Financial Crimes Enforcement Network (FinCEN) Priorities

FinCEN Alert: Potential Russian Sanctions Evasion Attempts

SEC Staff Bulletin: Risks Associated with Omnibus Accounts Transacting in Low-Priced Securities

Regulatory Notice 20-32: Fraudulent Options Trading in Connection with Potential Account Takeovers and New Account Fraud

Regulatory Notice 22-06: U.S. Imposes Sanctions on Russian Entities and Individuals

Regulatory Notice 21-18: Practices Firms Use to Protect Customers From Online Account Takeover Attempts

FINRA Key Topics: Cybersecurity

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In an era when much of our lives happen online, from banking to social media, cybersecurity is more important than ever. And we all have a role to play—not just in keeping ourselves safe, but also our employers and customers.

As we become more connected, we also must also become more vigilant. But what do you do to remain secure? Whether you are a broker, an investor or just simply an internet user, we’ve got tips for you on this episode of FINRA Unscripted.

In honor of National Cybersecurity Awareness Month, Barry Suskind and Eugene Mindel of FINRA’s Cyber and Information Security team join us to provide resources and best practices for keeping you, your family and your clients protected while online.

Resources mentioned in this episode:

Cybersecurity Resources

Small Firm Cybersecurity Checklist

Fake Phishing, Real Benefits

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FINRA Unscripted - How the Cloud Has Revolutionized FINRA Technology
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07/03/18 • 25 min

When you think of financial regulation, you don’t typically think of innovation, but in fact, FINRA was an early adopter of the cloud for critical business functions.

Today, FINRA has more than 30 petabytes of data in the cloud—or about 60 million years’ worth of MP3 music. With the cloud, FINRA has been able to build a massive data lake that allows its regulatory staff to conduct business more efficiently and more effectively than ever.

In this episode, FINRA’s Chief Information Officer Steve Randich joins us to discuss all this and more. Plus, we learn why Steve turned down a promising career in the dishwashing industry to end up working in technology.

Resources mentioned in this episode:

FINRA Technology

Moving Your Production System to the Cloud? 6 Things You Need to Know

How the Cloud Is Changing Financial Regulation

AWS Case Study

*Note: * Steve misspoke when describing the size of a petabyte. One petabyte would be equal to about 2,000 years' worth of music files, so 30 petabytes would be equal to about 60,000 years' worth of files.

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Gen X is often called the Forgotten Generation given how often they’re overlooked in favor of conversation around boomers, millennials or now even Gen Z. But not today.

On this episode, Gen X is the one in the spotlight as we sit down Gary Mottola, research director with the FINRA Foundation, Ritta McLaughlin, director of community outreach with FINRA’s Investor Education team, and Jeremy Ko, the 2024 FINRA Foundation Ketchum Visiting Scholar, to dig into the financial health of those born between 1965 and 1980 and, importantly, their perception of their own financial well-being.

Resources mentioned in this episode:

How Gen X Compares Financially to Other Generations: Doing Alright but Feeling Bad

FINRA Foundation National Financial Capability Study

Episode 19: Debunked: 7 Myths about Millennials—the Underinvested Generation

Episode 22: Millennials and Money: How to Get Started on the Road to Investing

Episode 134: Gen Z Investors: A Look at the Attitudes and Behaviors of the Youngest Investors

[KK1]Need link

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This episode originally aired in August 2023.

In 2022, FINRA developed an enterprise-wide strategy to ensure it is prepared for an evolving crypto asset regulatory landscape and created the Crypto Hub, the Blockchain Lab and the Crypto Asset Investigations Team

On this episode, the first in a three-part series, we sit down with Omer Meisel, Senior Vice President of the Complex Investigations and Intelligence Group, Jason Foye, Senior Director and Head of FINRA's Crypto Hub, and Reema Abdelhamid, a Director with FINRA Enforcement to learn more about the strategy and the role of the Hub and FINRA’s work to advance its mission of investor protection and market integrity.

Resources mentioned in this episode:

FINRA Blog: An Inside Look into FINRA’s Crypto Asset Work

Episode 112: FINRA's Complex Investigations and Intelligence Team & Cyber and Analytics Unit

Episode 138: FINRA’s Blockchain Lab: Regulation and Innovation For The Future

Episode 145: Compliance and Communication: An Update on FINRA’s Crypto Asset Targeted Exam

Episode 158: An Update on FINRA’s Crypto Asset Work and the Crypto Hub

Episode 162: When Romance Leads to a Crypto Scam

Investor Insights: What Is a Blockchain, and Why Should I Care?

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In late May, certain amendments to FINRA's margin rule, Rule 4210, went into effect to address a significant source of potential systemic risk and risk to FINRA member firms. The amendments introduced specific margin requirements related to covered agency transactions.

On this episode, we talk to David Aman, senior advisor, and James Barry, director of Credit Regulation, both with FINRA's Office of Financial and Operational Risk Policy, and with Michael MacPherson, a senior advisor with Member Supervision’s Risk Monitoring team, to learn more about the purpose of the rule, which firms might be impacted by the change and what those firms need to think about to ensure compliance with the amended rule.

Resources mentioned in this episode:

Contact: [email protected]

Key Topics: Margin

FAQs Regarding Covered Agency Transaction Margin under FINRA Rule 4210

Reg Notice 23-14: Amendments to Covered Agency Transaction Requirements Under FINRA Rule 4210

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FINRA Unscripted - The Latest Research: Why Do Targets Engage with Scams?
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10/15/24 • 34 min

Why do we engage with scammers? What makes one person more likely to engage than the next? Of those that engage, what makes someone more likely to lose money? These are important questions to ask – and find the answers to – both as consumers and as an industry with an interest in disrupting the cycle of financial fraud.

On this episode, we hear from moderator Emma Fletcher, a senior data researcher with the FTC, and panelists Marti DeLiema, Assistant Research Professor at the University of Minnesota, Twin Cities, Duygu Başaran Şahin, a postdoctoral research fellow at the RAND Center for the Study of Aging, and Gary Mottola, research director for the FINRA Foundation, about the latest research into these important questions and learn more about what might stop someone from engaging with a fraud to begin with.

Resources mentioned in this episode:

Exposed to Scams: What Separates Victims from Non-Victims

Does One Size Fit All? An Examination of Risk Factors by Scam Type

Fraud Victimization Across the Lifespan: Evidence on Repeat Victimization Using Perpetrator Data

Addressing the Problem of Chronic Fraud Victimization

Vulnerability of Older Adults to Government Impersonation Scams

A Review of Scam Prevention Messaging Research

Protecting Retail Customers from Gift Card Payment Scams

FINRA Foundation Research Center

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FAQ

How many episodes does FINRA Unscripted have?

FINRA Unscripted currently has 166 episodes available.

What topics does FINRA Unscripted cover?

The podcast is about Investing, Compliance, Podcasts, Business, Stocks, Government and Financial Services.

What is the most popular episode on FINRA Unscripted?

The episode title 'FINRA’s High-Risk Representative Program: Keeping an Eye on Individuals Posing a Heightened Risk of Misconduct' is the most popular.

What is the average episode length on FINRA Unscripted?

The average episode length on FINRA Unscripted is 25 minutes.

How often are episodes of FINRA Unscripted released?

Episodes of FINRA Unscripted are typically released every 14 days.

When was the first episode of FINRA Unscripted?

The first episode of FINRA Unscripted was released on Nov 6, 2017.

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