Testing, Testing and More Testing

Listen in as TRADEliance discusses considerations for a robust Testing Plan.

• Drink every time we say testing….  No, not really, don't do that!
• We encourage firms to create a testing plan that goes beyond a 3120/206-7 testing obligation
• Written Supervisory Procedures vs Supervisory Controls Procedures 
• Testing samples should be targeted and random and targeted 
• Think of testing vendors, systems and data as three of the pillars that will support a thorough testing plan

FINRA Guidance on Supervision Topics

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