Resources/ Updates

Jun29

Phishing Like FINRA

FINRA reports that some broker-dealer members recently received phishing emails pretending to be linked to FINRA.  The subject line read “New Policy Update,” a document was attached, and no it wasn’t from FINRA.

To avoid responding to phishing scams, do pay attention to:

  • email address irregularities, even minor ones
  • strange URLs
  • attachments with general names and misspellings and typos

FINRA Facts

FINRA stands for the Financial Industry Regulatory Authority. It’s a non-governmental agency, formed in July 2007, that regulates the securities industry (formerly the NASD or National Association of Securities Dealers.

FINRA supervises securities industry participants, such as stock brokers, brokerage firms, and security  exchanges.  In the case of misconduct, FINRA can expel a member and report the violation to the SEC for further action.

Related Resources

FINRA’s Report on Cybersecurity Practices for BDs

Fake Phishing , Real Benefits ~ Jan 2017

Cybersecurity ~ FINRA topic page

About SDDco Group

Formed in 1952, the SDDco Group (www.sddco.com) delivers outsourced professional support to the financial services and technology sectors. Our menu of professional services includes accounting, regulatory and tax compliance, AML testing, brokerage hosting and supervision, as well as assuming designated FinOp, CCO, and CFO roles.  To connect with SDDCO:

  • Call Us:  212-751-4422
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in two industries.

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We hold the right training and licensures to keep you in step and mitigate risk.

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Partner with us for start-ups and for ongoing accounting, compliance and tax work.

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We faithfully maintain the CPA standards: integrity, competency, confidentiality….

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