Wealth Management Compliance: AI Governance, Vendor Risk, and the SEC and FINRA

Regulators aren't waiting for new AI rules — they're using the frameworks they already have, and wealth management firms are in the crosshairs. In this episode of Ncast, Rafael DeLeon sits down with Hollie Mason, Managing Director at Stout and former FINRA senior enforcement counsel, to break down what the SEC and FINRA are prioritizing in 2026 exams, where vendor oversight documentation gaps are showing up in real enforcement, and what defensible AI governance looks like for RIAs and broker-dealers. #ncontracts #compliance #aigovernance #aicompliance #wealthmanagement #rias #vendormanagement #thirdpartyrisk #finra #sec #financialservices #complianceofficer In this episode: What's keeping wealth management compliance officers up right now — fraud, conflicts of interest, and the SEC task force activity Hollie is watching closely Why "technology neutral" doesn't mean firms get a pass — and how AI guardrails are actually being built through examinations, not rulemaking Where the SEC and FINRA overlap on AI, fraud, and AML — and how to handle double-barrel examination risk without chasing your tail What FINRA's 2026 exam priorities say about hallucination, bias, and human oversight requirements for generative AI The vendor oversight documentation gap that keeps showing up in litigation — and what minimum viable oversight actually looks like Due diligence questions to ask before signing with any vendor, plus the change management and technology support questions most firms forget