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We can also consider the underlying preparations with overseas custodians to determine if they permit cross-liens or use temporary holding accounts. The place buyer securities could be held in, or transfer via, temporary Keeping accounts, We are going to contemplate whether or not these accounts are excellent Manage destinations and no matter whether companies have instituted affordable strategies to watch them for buyer securities.
Firms should be attentive to their brokers’ activity in microcap stocks, specifically when brokers exhibit a brand new or sudden fascination in obtaining microcap stocks for their own individual accounts or Individuals of their customers. FINRA will examine brokers who use their unique or their shoppers’ accounts to coordinate buying and selling in microcap stocks with known or unknown counterparties.
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FINRA will evaluation corporations’ BCPs with a focus on their implementation on the program. For example, we will critique how and below what instances companies activate their BCPs, how they classify methods as mission-significant or secondary, how they attain information backup and recovery, and the place relevant, how firms coordinate with their affiliate marketers and distributors for the duration of a business continuity predicament. We may also review firms’ programs for restoring techniques, strategies find out here now and information the moment They are really prepared to return to normal business enterprise, and also how they make Those people selections.
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