Over the past several years, FINRA has continued to demonstrate their focus on monitoring high-risk brokers. In 2017, FINRA approved new proposals to strengthen controls on high-risk brokers and further indicated it would be an ongoing priority in their 2018 Priorities Letter.
FINRA and other regulators have announced the expectation of firms to adopt practices of "heightened supervision" in an attempt to isolate high-risk brokers and activities. These activities are often associated with financial crimes, which have become even more difficult to identify and intercept given today's volume and variety of communications data.
Associate Partner, Watson FSS Industry Platforms
Sonali Bhavsar is Associate Partner, Watson FSS Industry Platforms at IBM. In this role, Sonali is focused on how to apply Artificial Intelligence to today’s RegTech challenges to meet financial and risk business challenges, industry trends, and mitigate regulatory environment challenges.
Senior Director, Information Governance Practice
Robert Cruz is Senior Director of Information Governance for Smarsh, the leader in communications compliance, archiving and analytics. Mr. Cruz leverages more than 20 years of Silicon Valley experience in providing thought leadership on emerging topics including cloud computing, information governance, and Discovery cost and risk reduction. Prior to this, Mr. Cruz was Senior Director of Information Archiving & eDiscovery for Proofpoint, Inc. Earlier in his career, Mr. Cruz served in a variety of management capacities at Electronic Evidence Discovery (EED), FileNet/IBM, BroadVision and Hewlett-Packard. Mr. Cruz holds an MBA degree from the Stanford University Graduate School of Business.