FINRA Is Aligning Its MAP CAIF Grouping Model With Firm Tofu And Feedback -- or so it seems (BrokeAndBroker.com Blog)
Bill Singer
A critic of the inept and incompetent, and an advocate for economic and political sanity. It's a lonely journey but I walk it. Wall Street legal, regulatory, and compliance veteran since 1982.
FINRA Is Aligning Its MAP CAIF Grouping Model With Firm Tofu And Feedback -- or so it seems?(BrokeAndBroker.com Blog)
https://www.brokeandbroker.com/6408/finra-map/
For Wall Street's overwhelmed compliance staff, you just wasted valuable time reading FINRA's April 14th Information Notice. No, it's not you -- there's is no substance at all to the Notice, which conveys nothing of importance and revels in informing you that FINRA has been "assessing opportunities" to enhance MAP operations and streamline processes. The FINRA Information Notice is supercilious bureaucratic doublespeak by which FINRA hopes to fool you into believing that there's something serious going on here in terms of regulation. And you were wondering just what FINRA was doing with some 3,000 employees and a multi-million dollar budget?