SL 03 Exploring Obligations – and Regulatory Challenges – of Online Broker-Dealers and Trading Platforms

10/26/2021 - 2:05pm to 10/26/2021 - 3:20pm

The online discount brokerage market has exploded over the past few years, with trading platforms and Apps for mobile devices incentivizing millions of retail investors with low cost or “commission-free” trading. In its 2021 report on risk monitoring and examination priorities, FINRA noted a surge of new retail investors entering markets via online brokers, as well as an increase in certain types of trading, including options and use of margin. This session will explore the regulatory obligations of online brokerage firms and their duties to investors with self-directed accounts. We will discuss regulatory oversight of these firms, including regulators’ expectations with respect to account approvals for use of margin and options trading, as well as public communications that may turn into recommendations.

This session will be recorded for replay by Members fully registered to attend the PIABA Annual Meeting.