Fines & Wines
Testing, Testing and More Testing
May 18, 2023
Season 1
Episode 11
TRADEliance
Listen in as TRADEliance discusses considerations for a robust Testing Plan.
- Drink every time we say testing…. No, not really, don't do that!
- We encourage firms to create a testing plan that goes beyond a 3120/206-7 testing obligation
- Written Supervisory Procedures vs Supervisory Controls Procedures
- Testing samples should be targeted and random and targeted
- Think of testing vendors, systems and data as three of the pillars that will support a thorough testing plan
FINRA Guidance on Supervision Topics
Support the Show.