FINRA's Reminder Of FCPA Compliance Obligations

Law360, New York (May 12, 2011, 1:58 PM EDT) -- In March of 2009, the Financial Industry Regulatory Authority Inc., which was formed in 2007 through the merger of the National Association of Securities Dealers and NYSE Inc.[1], set forth its examination priorities for 2009 and noted its determination that Foregn Corrupt Practices Act compliance would be one of the “areas of particular significance to FINRA’s examination program.”[2]

In a regulatory notice (Regulatory Notice 11-12) issued in March, FINRA considerably expanded upon its 2009 one-paragraph recitation of the FCPA’s principal anti-bribery, books and records, and internal...
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