Financial Institutions Newsletter FI-News-2018-Q4 - Page 7

5 th Annual Principal Meeting DRAWS A RECORD ATTENDANCE OF 28 PRINCIPALS While Assistant University took place, principals from across the country also gathered for the fifth annual Principal Meeting. The Principal Advisory Council met all day Wednesday to offer feedback on Securities America’s current and proposed processes and share ideas for improvement in our support of supervisory staff. Wednesday evening, many principals attended the anti-money laundering class offered to satisfy firm-level CE requirements before everyone gathered at a nearby restaurant for the conference’s welcome reception. Thursday morning, principals joined AU attendees in a joint opening general session where Kirk Hulett, executive vice president of strategy and practice management shared a warm welcome, and Phil Hansen’s keynote presentation encouraged the audience to embrace the limitations they face. Many principals described the next session with FINRA representatives as a conference highlight. R. Scott DeArmey, district director of the Kansas City District Office of FINRA, and Allen Hundley, a principal regulatory coordinator in the FINRA Kansas City office, focused on branch exams, frequent findings, supervision challenges and material things in the FINRA rule-making pipeline that might affect advisors and supervisors. In other sessions throughout the conference, representatives from Securities America’s Compliance and Supervision departments shared actual case studies and addressed compliance requirements for social media, reviewing new business, risk management and trade monitor tips. Principals who weren’t able to attend this year’s event can find PowerPoint presentations from the sessions on Business Center. 4 th QUARTER 2018 | Financial Institutions Newsletter 6