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Image Bloomberg Law Article 1200x627 1The COVID-19 pandemic has proved disruptive to nearly every industry and organization, including financial services regulators. Case in point. The Financial Regulatory Authority (FINRA) typically publishes a set of Exam Findings and Observations in November and follows up with the Exam Priorities for the coming year in January. However, in 2021 FINRA has taken a different approach. No findings were published in 2020, keeping the industry in suspense as the year closed. On February 1, 2021, FINRA released a comprehensive Report on Examination and Risk Monitoring Program (2021 Report), combining retrospective observations and forward-looking exam priorities in a single document. As a result, the 2021 Report provides member firms with a one stop shop to understand the struggles of the last year and FINRA’s exam priorities in the coming year.

Download the full report.


This post was originally published on Bloomberg Law ( on March 11, 2021.

Written by Marc Gilman, General Counsel and VP of Compliance at Theta Lake.

Marc Gilman

Author Marc Gilman

Marc brings a wealth of experience to the Theta Lake team, where he advises on technology, privacy, and product strategy. Marc is also an adjunct professor at Fordham Law where he teaches a course on compliance, technology, and financial services. Prior to joining Theta Lake, Marc held legal and compliance roles at Morgan Stanley and was a litigation associate at Schiff Hardin LLP. Gilman is a certified information privacy professional with both the CIPP/E and CIPP/US credentials.

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