Management is typically pretty bad because they're focused on closing cases and barely focused on developing and supporting examiners.
Morale in most regional offices is not very good. This is in part due to some employees who are just complainers and low-performers yet think they should be paid more and should have gotten a promotion instead of someone else. This can lead to a toxic level of disdain for FINRA which infects other employees.
Political and bureaucratic. Always scared of SEC oversight yet the oversight never actually seemed to have any consequences regardless of what happened. It probably hurts regional management performance scores, but of course this would never be disclosed to employees why it actually matters.