Rapid Fire Panel

Rapid Fire Panel Governance Question Options How often do you report and/or interact with your Board? Once a year 2 – 4 times a year More than 4 times a year Does your Board have a Risk Committee (or similar)? Yes No If yes, are you a member of that committee? Has your firm developed a formal, written Corporate Governance policy?

Rapid Fire Panel Continued Supervision Question Options Does your firm employ software that assesses the suitability of client portfolios or accounts, in meeting your Tier 1 or Tier 2 supervisory requirements? Yes No If yes, is it a proprietary system or a third-party license? Proprietary Third-party Does your firm employ software to meet your trade surveillance requirements? 

Rapid Fire Panel Continued Supervision Continued Question Options Does your firm have a Risk Waterfall algorithm? Yes No If yes, are you a better risk manager with that waterfall process? Is your compliance dept involved in the due diligence when recruiting advisors? If yes, is the CCO’s opinion a determining factor for a hire/no-hire decision?

Rapid Fire Panel Continued Supervision Continued Question Options In the event of material misconduct by a registrant at your firm, who may get involved in the resolution? Select all that apply: CCO Registrant’s immediate supervisor UDP/CEO HR Counsel

Rapid Fire Panel Cybersecurity Question Option Does your firm have a formal, written Cyber Security (or Information Security) program? Yes No Is Compliance involved in developing that program?

Rapid Fire Panel Digital Question Option Does your firm have a digital client onboarding system? Yes No If yes, does your firm use electronic client ID verification processes? Does your firm have, or are you actively working on, a Robo Advisor platform?

Rapid Fire Panel Conflict of Interest Question Option Does your firm allow registrants to have Outside Business Activities? Yes No

Rapid Fire Panel CCO Liability Question Option As CCO, do you find your job is getting harder or easier over the last 7-8 years? Yes No

Rapid Fire Panel BCP Question Option Does your firm’s Business Continuity Plan go beyond the regulatory minimum guidelines? Yes No Does your BCP include a crisis management team (or similar incident response team)?

Rapid Fire Panel E&O Question Option Does your firm require your advisors to have E&O insurance? Yes No Is it a centralized service with one provider? Is it a helpful service in your conflict resolutions processes? Helpful Creates more work/takes more time No impact

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