FINRA Coordinator Program to Focus on Surveillance

In a letter describing FINRA’s 2009 Year in Review, FINRA Chairman and CEO Richard Ketchum writes that FINRA intends to change the Regulatory Coordinator Program to a “continuous surveillance model” designed to assess risks to investors, markets, and the firms themselves. FINRA will charge Coordinators to “spend more time focusing on the changing dynamics and business models of individual firms.” According to the FINRA website, the current Coordinator Program provides each firm with a Coordinator “to address your questions on such topics as FINRA Rules and Notices, financial questions, form filings, licensing requirements and compliance resource.”