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FINRA s 2021 Examination and Risk Monitoring Program Report

Thursday, February 18, 2021 On Feb. 1, 2021, the Financial Regulatory Authority (FINRA) released its 2021 Report on FINRA’s Examination and Risk Monitoring Program (Report), in which it identifies its areas of examination focus for FINRA member firms (Firms) in 2021. The Report replaces the prior format for examination focus, the Risk Monitoring and Examination Program Priorities Letter. In the introduction to the Report, FINRA acknowledges the ongoing COVID-19 pandemic, its regulatory notice in response, and the challenges Firms have faced in response. The report stresses, however, that while FINRA has been in contact with firms throughout the pandemic, it is not ready to address any specific COVID-19-related issues and that such issues will be covered in a future publication.

Sand available for sandbags in preparation for massive storm in forcast

–with significant rainfall in the forecast this week, should you wish to make sandbags to protect private property, the City of Paso Robles has sand available at the City Streets Yard located at 1220 Paso Robles Street. Please make sure to bring a shovel. Rainfall amounts from anticipated winter storms could be significant, which may potentially cause local flooding. The current forecast predicts more than five inches of rainfall over Tuesday and Wednesday. In 2015, a rare summer storm dropped almost four inches of rain and caused homes in Paso Robles to flood. City staff has taken preemptive measures to mitigate and/or reduce the flooding potential where possible (i.e., drain cleaning, etc.) The city continues to clean the storm drains and drainage pipes throughout the year to minimize the potential for flooding.

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