Recorded Webinar: FINRA CAT CAIS: What to Expect – Giving Regulators Full Access to Your Customer & Account Data3 November 2021
Join n-Tier and a panel of industry experts to discuss implications of the SEC’s Consolidated Audit Trail (CAT) Customer & Account Information System (CAIS) Phase 2e.
The initial phase of CAIS was the start of a new era for broker-dealer Onboarding and Account Management teams, turning customer and account reference data into a daily regulatory reporting obligation, complete with reporting deadlines, data quality validations, and error feedback with time-sensitive repair windows. The next phase of CAIS, slated for July 11, 2022, applies to more broker-dealers, expands the scope of reportable data elements, and introduces sensitive customer information.
Discussion topics include:
- Who is impacted by the expanded reporting requirements?
- What are the additional data elements required for reporting?
- How are Onboarding and Account Management teams and KYC processes impacted?
- What do these new exception management and correction processes mean for reference data and transaction reporting?
- Implications for other regulatory reporting obligations and surveillance programs
- Reference data security trends and implications for firms and their service providers
- What broker-dealers are doing now to prepare
- Special considerations for clearing firms and correspondents
More about our speakers:
Executive Director, Head of America’s Operations Compliance
Denise Garrett is currently a compliance professional at Morgan Stanley & Co., where she is an Executive Director serving as the America’s Head of Infrastructure Compliance leading coverage for the Firm’s Operations Divisions within the Institutional and Wealth Management businesses. She began her career at The American Stock Exchange as a Senior Trading Analyst, where she researched and investigated suspicious Options trading activity in cooperation with FINRA and the Securities Exchange Commission. She maintains active Series 7 & 55 licenses.
Founder & CEO
n-Tier Financial Services
Peter Gargone is the founder and CEO of n-Tier. With his deep technology background covering development, database design, server optimization and networking, Peter designed and built the firm’s core product offerings: Compliance Workbench and Control Workbench.
Beginning his career at Goldman Sachs as a developer and project manager, Peter has extensive experience with database design, server optimization and networking within the financial industry. He specializes in solving large and complex data challenges that firms face to improve functionality, uptime and scalability.
Prior to founding n-Tier, Peter was Vice President at Donaldson, Lufkin & Jenrette Investment Company, where he managed a team responsible for the firm’s back and middle office technology dealings. During his career at the firm, Peter was awarded the Lane Jacob Award, DLJ’s highest honor awarded to employees, as well as the DLJ Super Achiever Award in 2000.
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