FINRA Unscripted
FINRA
FINRA Unscripted is the voice of the nation’s largest non-government securities regulator. We bring together FINRA leaders to discuss existing and emerging regulatory topics that impact the broker-dealer industry. We share best practices for compliance officers, insights into the operations of a 3,500 person self-regulated organization and educational tools and information for investors. Every investor in America relies on one thing: fair financial markets. That is what FINRA works every day to ensure.
- 42 minutes 41 secondsNavigating the 2026 Regulatory Oversight Report: Key Insights from FINRA Leadership
The Annual Regulatory Oversight Report is one of FINRA’s most valued resources for member firms—and this year, we're publishing it earlier than ever in response to member feedback. The 2026 Report features insights on cyber-enabled fraud, senior investor protection, generative AI, and much more. It also reflects our FINRA Forward commitment to empowering member firm compliance by sharing intelligence from across our Regulatory Operations.
This episode features four FINRA leaders: Ornella Bergeron, Senior Vice President, Risk Monitoring, and Acting Head of Member Supervision; Bill St. Louis, Executive Vice President and Head of Enforcement; Feral Talib, Executive Vice President and Head of Market Oversight; and Bryan Smith, Senior Vice President and Acting Head of Strategic Intelligence. They discuss takeaways from the report, and how firms can leverage its effective practices and research to strengthen their compliance programs.
Resources mentioned in this episode:
2026 Regulatory Oversight Report
FINRA Crypto and Blockchain Education Program
Blog Post: FINRA Forward’s Rule Modernization—An Update
Blog Post: Vendors, Intelligence Sharing and FINRA’s Mission
Blog Post: FINRA Forward Initiatives to Support Members, Markets and the Investors They Serve
SEC Regulation Best Interest (Reg BI)
5310. Best Execution and Interpositioning
Ep. 168: Investing Wisely in 2025: Avoiding Scams and Achieving Your Financial Goals
Ep. 173: Vendor Vigilance: Navigating Third-Party Risk
Ep. 177: Previewing FINRA’s Crypto and Blockchain Education Program
Ep. 180: Building Cybersecurity Resilience Through FINRA Forward
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.9 December 2025, 2:20 pm - 32 minutes 46 secondsMaking Your Voice Heard Through FINRA Member Engagement
As a self-regulatory organization, engagement with member firms is vital to FINRA’s success. On this episode, we highlight engagement opportunities, provide insight into how FINRA is listening and taking action on what we're hearing, and encourage even more listeners to get actively involved in FINRA's outreach.
FINRA Senior Vice President Kayte Toczylowski is joined by two current FINRA regional committee members: Serving on FINRA's Midwest regional committee, Margaret Dubil, Director of Surveillance for Stifel, Nicolaus & Company, and Stifel Independent Advisors; and serving on the New York regional committee, Peter Garcia, Head of Business Development and Controls at Rabobank and Officer of Rabo Securities USA, Rabobank's U.S. broker- dealer. The two provide firsthand experience on engaging with FINRA.
Resources mentioned in this episode:
FINRA Crypto and Blockchain Education Program
Blog Post: FINRA Forward’s Rule Modernization—An Update
Blog Post: FINRA Forward Initiatives to Support Members, Markets and the Investors They Serve
2025 Involvement and Election Process Overview
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.2 December 2025, 11:30 am - 40 minutes 42 secondsBuilding Cybersecurity Resilience Through FINRA Forward
Today's cybersecurity threats aren't isolated incidents—they are sophisticated operations orchestrated by organized criminals and even nation states. This new reality demands we respond not as individual organizations, but as a unified industry with shared intelligence and coordinated defenses. Through FINRA Forward, we are applying this perspective to create practical tools that firms can use to protect themselves and their clients from emerging threats.
On this episode, we explore the topic with Bryan Smith, FINRA’s Senior Vice President of Complex Investigations and Intelligence; Brita Bayatmakou, Vice President of Strategic and Threat Intelligence; and Jason Beachy, Vice President of the Cyber and Analytics Unit. Our guests discuss how FINRA is working to provide firms with the intelligence, preparation, and collaborative tools they need to better protect themselves and their customers in an increasingly complex threat landscape. These efforts include workshops and tabletop exercises, the Cyber and Operational Resilience program, and our forthcoming Financial Intelligence Fusion Center.
Resources mentioned in this episode:
FINRA Crypto and Blockchain Education Program
Blog Post: FINRA Forward’s Rule Modernization—An Update
Blog Post: Vendors, Intelligence Sharing and FINRA’s Mission
Blog Post: FINRA Forward Initiatives to Support Members, Markets and the Investors They Serve
Ep. 177: Previewing FINRA’s Crypto and Blockchain Education Program
FIFC Email: [email protected]
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.19 November 2025, 11:30 am - 26 minutes 51 secondsA Conversation with FINRA CEO Robert Cook and Small Firm Advisory Committee Chair Preston Haxo
Small firms face unique challenges. The regulatory landscape is evolving rapidly. And the conversation between regulators and the regulated is more important than ever. How does FINRA ensure that small firm voices are heard? How do small firms navigate an increasingly complex environment while serving their clients effectively?
On this episode, we bring you a conversation between FINRA President and CEO Robert Cook and Small Firm Advisory Committee (SFAC) Chair Preston Haxo from FINRA's Small Firm Conference in Dallas on Oct. 9. The two explored the vital role of the SFAC, the ongoing progress of our FINRA Forward initiatives, the practical ways small firms can engage with FINRA, and more.
Resources mentioned in this episode:
Small Firm Advisory Committee (SFAC)
FINRA Crypto and Blockchain Education Program
Reg Notice 25-13: Form U4 Recordkeeping Requirements
Reg Notice 25-07: The Modern Workplace
Reg Notice 25-06: Capital Formation
Reg Notice 25-04: Rule Modernization
Blog Post: FINRA Forward’s Rule Modernization—An Update
Blog Post: Vendors, Intelligence Sharing and FINRA’s Mission
Blog Post: FINRA Forward Initiatives to Support Members, Markets and the Investors They Serve
Ep. 177: Previewing FINRA’s Crypto and Blockchain Education Program
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.4 November 2025, 11:30 am - 15 minutes 52 secondsEncore | Investing Wisely in 2025: Avoiding Scams and Achieving Your Financial Goals
This episode originally aired in January 2025.
Many of us view January as a time to make a fresh start, and as a time to bid farewell to bad habits. In thinking about your New Year's resolutions, have you considered whether you're making financially healthy decisions?
On this episode, we sit down with Gerri Walsh, President of the FINRA Investor Education Foundation and Senior Vice President of Investor Education, to uncover the trends and tips investors need to get their finances in order for 2025.
Resources mentioned in this episode:
FINRA Investor Education Foundation
Protecting Consumers from Fraud
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.7 October 2025, 10:30 am - 17 minutes 43 secondsPreviewing FINRA’s Crypto and Blockchain Education Program
As member firm activity increases in blockchain and crypto assets, FINRA is launching a Crypto and Blockchain Education Program designed to empower member firm compliance and combat crypto fraud by broadening the knowledge base of member firms and associated persons.
On this episode, FINRA’s Crypto Hub Chief Jason Foye, Director of Critical Skills and Capabilities Training Rowan Job-White and Director of Continuing Education Services Genay Glasgo delve into the program’s self-paced e-learning courses and an upcoming in-person training.
Resources mentioned in this episode:
FINRA Crypto and Blockchain Education Program
Email: [email protected]
Email: [email protected]
Podcast: An Introduction to FINRA’s Crypto Asset Work and the Crypto Hub
Certified Regulatory and Compliance Professional Program
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.16 September 2025, 10:30 am - 32 minutes 32 secondsNational Financial Capability Study: Key Trends and Insights
In 2009, the FINRA Investor Education Foundation launched the first national study of financial capability of adults in the United States. Since its start, the National Financial Capability Study has provided data on multiple indicators of capability, including financial behaviors, attitudes, and knowledge.
National Financial Capability Study survey data is collected every three years. The 2024 survey, which was published in July, represents the sixth wave of data. This report serves as an important barometer of Americans financial health, and it continues to be an essential resource for policymakers, researchers, financial firms, educators, and other stakeholders seeking to better understand and address the financial capability needs of Americans.
On this episode of FINRA Unscripted, FINRA Foundation President Gerri Walsh, the Foundation's research director, Gary Mottola, and senior researcher Olivia Valdes discuss the study's findings and implications.
Resources mentioned in this episode:
National Financial Capability Study (Sixth Wave)
National Financial Capability Study: 2024 State-Level Insights
National Financial Capability Study (Fifth Wave)
The machines are coming (with personal finance information). Do we trust them?
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.5 August 2025, 10:00 am - 28 minutes 11 secondsA Conversation With FINRA Chair Scott Curtis
Resources mentioned in this episode:
Blog Post: Fee Rebate for FINRA Member Firms
Blog Post: FINRA Forward Initiatives to Support Members, Markets and the Investors They Serve
Request for Comment: Outside Activities Rule—2025-05
Rule Proposal: Gifts Rule—2025-003
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.15 July 2025, 10:00 am - 23 minutes 8 secondsRobert Cook on FINRA Forward, and More
FINRA Forward—New Initiatives to Support Members, Markets, and the Investors They Serve
Request for Comment on Capital Formation Rules, Guidance and Processes
Request for Comment on Modern Workplace Rules, Guidance and Processes
Request for Comment on Associated Persons’ Outside ActivitiesStatement to Correct Misinformation About Outside Activities Proposal
Broad Review to Modernize Rules Regarding Member Firms and Associated Persons
Proposed Rule Change to Modify the Implementation Schedule Regarding Corporate Financing Fees
Proposed Rule Change on Transaction Reporting
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.17 June 2025, 4:00 am - 18 minutes 20 secondsVendor Vigilance: Navigating Third-Party Risk
Third-party risk is the most clicked-on topic in FINRA's 2025 Regulatory Oversight Report. But what is third-party risk and why are people so interested in it? What can FINRA member firms do to mitigate that risk? And how can FINRA help?
On this episode of FINRA Unscripted, FINRA’s Executive Vice President of Member Supervision Greg Ruppert shares valuable insights on why firms are facing heightened challenges with third-party vendors, the emerging risks posed by fourth-party relationships, and how FINRA's intelligence sharing is helping member firms protect themselves from vendor-related cybersecurity threats.
Resources mentioned in this episode:
2025 Annual Regulatory Oversight Report
CEO Blog: New FINRA Initiatives to Support Members, Markets, and the Investors They Serve
Ep. 170: Using Data to Stay Ahead of Risk: Introducing FINRA’s StratIntel Team
Ep. 169: Unpacking FINRA’s 2025 Regulatory Oversight Report
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Subscribe to our show on Apple Podcasts, Google Play and by RSS.6 May 2025, 10:30 am - 27 minutes 29 secondsProtecting Investors: FINRA Securities Helpline for Seniors' 10th Anniversary
This month, we are marking the 10th anniversary of the FINRA Securities Helpline for Seniors—an important milestone for a critical service that FINRA provides to protect vulnerable investors and assist harmed investors. On this FINRA Unscripted podcast episode, we will be speaking with leaders from FINRA’s Vulnerable Adults and Seniors Team—Elizabeth Yoka, the manager of VAST Intake, and Michael Paskin, the manager of the VAST Investigations, to discuss the Helpline and its 10 years of protecting investors. We will be focusing on the Helpline results and will provide a few examples of how the Helpline has become an effective conduit for investor protection, and how it has been helpful to member firms.
Resources mentioned in this episode:
FINRA Securities Helpline for Seniors
Ep. 152: Fighting Financial Exploitation: FINRA’s Vulnerable Adults and Seniors Team
2025 Annual Regulatory Oversight Report
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