Which regulatory bodies are covered?

The skill primarily focuses on FINRA (Financial Industry Regulatory Authority) rules and SEC (Securities and Exchange Commission) requirements governing broker-dealer conduct.

What quantitative metrics does this skill use for churning?

The skill utilizes standard regulatory benchmarks, including a turnover ratio exceeding 6 and a cost-to-equity ratio (break-even return) exceeding 20% as presumptive evidence of excessive trading.

Can this skill help with FINRA Rule 3280 compliance?

Yes, it provides a structured framework for evaluating private securities transactions (selling away), including notice requirements and firm supervisory obligations for compensated vs. non-compensated trades.

Is this skill relevant for senior investor protection?

Absolutely. It covers rules governing trusted contact persons, temporary holds on disbursements, and specialized suitability requirements for vulnerable or elderly clients.

Financial Sales Practice Compliance

Name: Financial Sales Practice Compliance
Author: JoelLewis

byJoelLewis

•

보안 및 테스팅

Identifies and prevents sales practice violations under FINRA and SEC rules governing broker-dealer conduct and ethical standards.

This skill provides comprehensive regulatory guidance for financial services, specifically focusing on the conduct of broker-dealers and associated persons. It enables users to identify prohibited practices such as churning, breakpoint abuse, and 'selling away' while providing frameworks for mandatory supervisory procedures and senior investor protections. By leveraging quantitative metrics like turnover ratios and cost-to-equity benchmarks, this skill assists compliance officers and developers in building robust auditing tools and ensuring adherence to FINRA Rules 2010, 2111, 3280, and more.

주요 기능

01Evaluates compliance for private securities transactions and outside business activities

02Provides guidance on mutual fund breakpoint discounts and rights of accumulation

03Analyzes churning and excessive trading using turnover and cost-to-equity ratios

04Assesses supervisory procedure designs under FINRA Rules 3110 and 3120

0518 GitHub stars

06Identifies market manipulation patterns like marking the close or wash trading

사용 사례

01Implementing senior investor protection protocols and trusted contact person rules

02Reviewing variable annuity suitability and 1035 exchange disclosures

03Conducting internal audits to detect unauthorized trading or 'selling away' violations

What are Skills?·How to Install

Install with 🐟 Skill.Fish

npx skillfish add joellewis/finance_skills sales-practices

For use in Claude.ai and ChatGPT

Download Skill