At the core of FINRA’s membership rules is a basic requirement: every member firm must establish, implement, and maintain a supervisory system to oversee the activities of its associated persons. That system must be reasonably designed to help the firm comply with securities laws, regulations, and FINRA rules. A key part of that system is having Written Supervisory Procedures (WSPs). These procedures explain how the firm supervises its people and the types of business it conducts. This course will walk through those supervisory requirements, including the role of WSPs and the firm’s Supervisory Control System.