FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading FINRA Rule 3270 Outside Business Activities →

Pursuant to NASD Rule 3040 no associated person of the Company shall participate in a private securities transaction without first obtaining the prior written approval of the member firm. If the Company approves a person’s participation in a private securities transaction, the Company will record the transaction on its books and records The firm should … Continue reading NASD Rule 3040 Private Securities Transactions of an Associated Person →

The Securities and Exchange Commission will hold its 31st annual SEC Government-Business Forum on Small Business Capital Formation on November 15 at its Washington, D.C. headquarters. The forum will begin with panel discussions on the implementation of the recently enacted Jumpstart Our Business Startups Act, or JOBS Act, and on small business capital formation issues … Continue reading 2012 Annual SEC Government-Business Forum on Small Business Capital Formation →

http://www.finra.org/AboutFINRA/HolidaySchedule/

In accordance with SEC Rule 15c3-1, each broker/dealer registered pursuant to section 15 of the Act must have evidence of the computation of net capital monthly. That computation should be completed and approved by the FINOP within 17 business days after the end of each month.

In accordance with SEC Rule 17a-5(a)(2)(ii)-(iii), each broker/dealer registered pursuant to section 15 of the Act who clears transactions or carries customer accounts shall file Part II of Form X-17 A-5 within 17 business days after the end of the month.  The fifth FOCUS filing is required for every broker or dealer who does not … Continue reading Monthly & Fifth’ FOCUS IIA Filings (Month ending 10/31/12) →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 7 General Assessment Reconciliation is to be filed by all members of the Securities Investor Protection Corporation for the each fiscal year, due no later than 60 days … Continue reading SIPC Assessments (Year ending September 30, 2012) SIPC 7 →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending April 30, 2012) SIPC 6 →

FINRA Rule 1250 requires all covered registered persons (any person registered with a member who has direct contact with customers in the conduct of the member's securities sales, trading and investment banking activities, any person registered as an operations professional or research analyst, and to the immediate supervisors of such person) to participate in the … Continue reading Firm Element Continuing Education Plan 2012 FINRA Rule 1250 →

In Regulatory Notice 12-38, FINRA advised memebership that the SEC approved amendments to FINRA Rule 4560 (Short-Interest Reporting). The amendments: (1) codify the requirement that member firms report only “gross” short interest existing in each proprietary and customer account (rather than net positions across accounts); (2) clarify that member firms’ short-interest reports must reflect only those … Continue reading Effective Date: Amendment to Short Interest Reporting (Regulatory Notice 12-38) →

FINRA and the other ISG‐interested members have extended the effective date for compliance with certain new data elements identified in Regulatory Notice 12‐36 to May 1, 2013. The Order Execution Time field must be added to the EBS format by November 30, 2012, as currently required, but it is not required to be populated for … Continue reading Effective Date: Enhanced Electronic Blue Sheet Submissions →

FINRA announced in Regulatory Notice 12-40 that the SEC has approved new FINRA Rule 5123 to require each FINRA member firm that sells an issuer’s securities in a private placement, subject to certain exemptions, to file with FINRA a copy of any private placement memorandum, term sheet or other offering document the firm used within … Continue reading Effective Date of FINRA Rule 5123 – Private Placement of Securities →

This FINRA District Compliance Conference is located at the FINRA DC Headquarters Visitors Center. For more information, click on Topics and or Registration. Space is limited and available on a first-come, first-served basis. Registration closes one business day prior to each program. On-site registrations are provided on a space-available basis and payment must be made … Continue reading District Compliance Meeting – District 9A (Philadelphia) →

FINRA advises FINRA-registered firms that failure to remit full payment of their Preliminary Renewal Statements to FINRA by December 13, 2012, may cause the firm to become ineligible to do business in the jurisdictions where it is registered, effective January 1, 2013. FINRA-registered firms will also be subject to a late fee if payment is … Continue reading Preliminary Renewal Statement- Payment Due →

In accordance with NASD Conduct Rule 3050, all associated persons shall be required to notify the member firm of the existence of any and all securities accounts maintained by the associated person with any foreign or domestic brokerage firm, bank, investment adviser or other financial institution. Further, all associated persons shall be required to notify … Continue reading NASD Rule 3050 Transactions for Associated Persons →

FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading FINRA Rule 3270 Outside Business Activities →

Pursuant to NASD Rule 3040 no associated person of the Company shall participate in a private securities transaction without first obtaining the prior written approval of the member firm. If the Company approves a person’s participation in a private securities transaction, the Company will record the transaction on its books and records The firm should … Continue reading NASD Rule 3040 Private Securities Transactions of an Associated Person →

Final form filings must be submitted by 6 PM EST via Web CRD/IARD and electronic funds transfers must be submitted by 3PM.

http://www.finra.org/AboutFINRA/HolidaySchedule/

In accordance with SEC Rule 15c3-1, each broker/dealer registered pursuant to section 15 of the Act must have evidence of the computation of net capital monthly. That computation should be completed and approved by the FINOP within 17 business days after the end of each month.

In accordance with SEC Rule 17a-5(a)(2)(ii)-(iii), each broker/dealer registered pursuant to section 15 of the Act who clears transactions or carries customer accounts shall file Part II of Form X-17 A-5 within 17 business days after the end of the month. The fifth FOCUS filing is required for every broker or dealer who does not carry … Continue reading Monthly & Fifth’ FOCUS IIA Filings (Month ending 11/30/12) →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 7 General Assessment Reconciliation is to be filed by all members of the Securities Investor Protection Corporation for the each fiscal year, due no later than 60 days … Continue reading SIPC Assessments (Year ending October 31, 2012) SIPC 7 →

SEC Rule 17a-5(d) requires that FINRA member firms to file an Annual Audited Report electronically with FINRA through the firm Gateway and with the SEC (main office and regional office) via mail or overnight carrier not more than 60-calendar days after the date selected for their fiscal year end. The Annual Audit must also be … Continue reading Annual Audit Filing Due Date (Period Ending 10/31/2012) →

Regulatory Notice 12-32 notified the membership of the implementation of a revised fee structure for Central Registration Depository and Branch Office Annual Registration Fees effective January 2, 2013.

Final Renewal Statements will be available online in Web CRD/IARD. If you have a renewal overpayment. it will be automatically transferred to your daily account in conjunction with year-end renewal processing. Refund requests are made from this account.

In accordance with FINRA Rule 4530(d), each member shall report to FINRA statistical and summary information regarding customer complaints in such detail as FINRA shall specify by the 15th day of the month following the calendar quarter in which customer complaints are received by the member. For the purposes of this paragraph, "customer" includes any … Continue reading FINRA Rule 4530/Customer Complaint Filing Due Dates (Q4 2012) →

FINRA Rule 1250 requires all covered registered persons (any person registered with a member who has direct contact with customers in the conduct of the member's securities sales, trading and investment banking activities, any person registered as an operations professional or research analyst, and to the immediate supervisors of such person) to participate in the … Continue reading Firm Element Continuing Education Plan 2012 FINRA Rule 1250 →

In accordance with NASD Conduct Rule 3050, all associated persons shall be required to notify the member firm of the existence of any and all securities accounts maintained by the associated person with any foreign or domestic brokerage firm, bank, investment adviser or other financial institution. Further, all associated persons shall be required to notify … Continue reading NASD Rule 3050 Transactions for Associated Persons →

FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading FINRA Rule 3270 Outside Business Activities →

Pursuant to NASD Rule 3040 no associated person of the Company shall participate in a private securities transaction without first obtaining the prior written approval of the member firm. If the Company approves a person’s participation in a private securities transaction, the Company will record the transaction on its books and records The firm should … Continue reading NASD Rule 3040 Private Securities Transactions of an Associated Person →

In accordance with SEC Rule 17a-5(a)(2)(iii), each broker/dealer registered pursuant to section 15 of the Act who does not carry nor clear transactions nor carry customer accounts shall file Part IIA of Form X-17 A-5 within 17 business days after the end of each calendar quarter.

In accordance with SEC Rule 15c3-1, each broker/dealer registered pursuant to section 15 of the Act must have evidence of the computation of net capital monthly. That computation should be completed and approved by the FINOP within 17 business days after the end of each month.

FINRA Rule 1160 requires broker/dealers must appoint and certify to FINRA one executive representative to represent, vote, and act on behalf of the broker/dealer in all affairs of FINRA. The executive representative must be a member of senior management and a registered principal of the firm. In addition, the executive representative is required to maintain an … Continue reading Annual FCS Reporting for 2012 →

MSRB Rule G-40 requires all municipal securities dealers and municipal advisors with an MSRB account to update their primary contact information or affirm that the information is correct within 17 business days after the end of each calendar year. In addition to this annual requirement, MSRB Rule G-40 requires municipal securities dealers and municipal advisors … Continue reading Update Electronic Mail Contacts (MSRB G-40) →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 7 General Assessment Reconciliation is to be filed by all members of the Securities Investor Protection Corporation for the each fiscal year, due no later than 60 days … Continue reading SIPC Assessments (Year ending November 30, 2012) SIPC 7 →

FINRA Rule 4524 requires each member firm to file a Supplemental Statement of Income (“SSOI”) within 20 business days after the end of each calendar quarter via the FINRA Gateway. The SSOI is designed to provide FINRA with greater detail regarding firm’s revenue and expenses.

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending June 30, 2012) SIPC 6 →

SEC Rule 606 requires broker/dealers that route orders on behalf of customers to prepare quarterly reports that disclose the identity of the venues to which it routed orders for execution. The reports also will disclose the nature of the broker-dealers relationship with those venues, including the existence of any internalization or payment for order flow … Continue reading Disclosure of Order Routing Practices (SEC Rule 606-Formally Rule 11Ac1-6) (Q4 2012) →

Final Renewal Statements reflect year-end registration approvals for NASD broker/dealers. The payment for registrations which exceeded the preliminary payment amount requires additional fees paid in full to NASD by February 1, 2013. Firms may submit an online Renewal payment by accessing the Web CRD/IARD E-Pay

FINRA has reorganized the rules regarding communication with the public with the introduction of FINRA Rule 2210 (“Rule”) effective February 4, 2013. The Rule has eliminated the categories of advertisement, sales literature, independently prepared reprint and public appearance and replaced the categories with institutional communication, retail communication and correspondence. The Firm should commence its supervisory … Continue reading Effective Date: New FINRA Rule 2210 Communication with the Public →

The full day seminar will be in San Francisco.  The Seminar features in-depth panels on marketing, business and practitioner experience with social media, as well as practical advice on the legal and compliance issues faced by the expanding use of interactive technology for business purposes. For more infromation, click link.

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending July 31, 2012) SIPC 6 →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending August 31, 2012) SIPC 6 →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending September 30, 2012) SIPC 6 →

FINRA and the other ISG‐interested members have extended the effective date for compliance with certain new data elements identified in Regulatory Notice 12‐36 to May 1, 2013. The Order Execution Time field must be added to the EBS format by November 30, 2012, as currently required, but it is not required to be populated for … Continue reading Final Effective Date: Enhanced Electronic Blue Sheet Submissions →

The 2013 FINRA Annual Conference will be held the Renaissance Washington, DC Hotel, located in Washington, DC.  The conference fees include receptions on Monday and Tuesday, continental breakfasts on Tuesday and Wednesday, lunches on Monday, Tuesday and Wednesday, refreshment breaks, attendance to all sessions and conference materials. FINRA will publish the agenda in January 2013, but for an … Continue reading 2013 FINRA Annual Conference →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending October 31, 2012) SIPC 6 →

Members of SIPC are required to pay an assessment of .0025 of SIPC Net Operating Revenue as defined by the SIPC By Laws Article VI. The SIPC 6 General Assessment is to be filed by all members of the Securities Investor Protection Corporation for the first half of each fiscal year, due no later than … Continue reading SIPC Assessments (Year ending November 30, 2012) SIPC 6 →

FINRA Rule 4524 requires each member firm to file a Supplemental Statement of Income (“SSOI”) within 20 business days after the end of each calendar quarter via the FINRA Gateway. The SSOI is designed to provide FINRA with greater detail regarding firm’s revenue and expenses.

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month.   finra.complinet.com/en/display/display_main.html

The FINRA Institute at Wharton CRCP program, which is delivered through the Wharton School at the University of Pennsylvania, provides compliance, legal and regulatory professionals with an in-depth understanding of the foundation, theory and practical application of securities laws and regulation. The Week I Program is meant to provide a foundation, leveraged from case studies … Continue reading FINRA Institute at Wharton – Week I →

In accordance with SEC Rule 15c3-1, each broker/dealer registered pursuant to Section 15 of the Act must have evidence of the computation of net capital monthly. That computation should be completed and approved by the FINOP within 17 business days after the end of each month.

FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading Outside Business Activity Review (NASD Rule 3050) →

Unavailable Holiday Weekend

www.finra.org/AboutFINRA/HolidaySchedule

Monday, September 2 Unavailable Holiday – Labor Day  

Designed for compliance and legal professionals at FINRA member firms, these events offer an opportunity to hear about current regulatory issues while engaging in a direct dialogue with FINRA District Office staff. For more information including discussion topics, see the individual program descriptions below. Date Event Location and Venue Fees Registration September 4, 2013 1:30 … Continue reading District 6 (Dallas) Compliance Meeting →

The Municipal Securities Rulemaking Board (MSRB) today filed with the Securities and Exchange Commission revised amendments to MSRB Rule G-8, Rule G-11 and Rule G-32 on retail order periods.   The revised amendments are in response to comments received by the SEC on the MSRB’s original rule filing, which aimed to address concerns that new … Continue reading MSRB Files with SEC Revised Amendments to MSRB Rules on Retail Order Periods →

Saturday, September 7 Available 8 a.m. – 6 p.m., ET  

529 'Essentials' Seminar / September 9, 2013 529 Conference/ September 10-11, 2013 JW Marriott, Orlando Building off of the exceptional foundation that Joe Hurley and SavingforCollege.com have established over the past 10+ years, the 529 Conference 2013 − under the helm of Paul Curley of Strategic Insight's 529 practice area and the editors of PLANADVISER magazine … Continue reading MSRB 529 Seminar & Conference →

The Commitee on Financial Services Wednesday, September 11 @2:30PM Monetary Policy and Trade Chairman Jeb Hensarling Click here for the Committee Memorandum. Witness List Dr. Allan H. Meltzer, Professor of Political Economy, Tepper School of Business, Carnegie Mellon University Dr. Marvin Goodfriend, friends of Allan Meltzer, Professor of Economics, Tepper School of Business, Carnegie Mellon … Continue reading Government Financial Hearing entitled “The Fed Turns 100: Lessons Learned over a Century of Central Banking” →

Saturday, September 14 Available 8 a.m. – 6 p.m., ET  

2013 Foundations of Web CRD/IARD Training Sessions Conference Dates: September 16 & 17, 2013   8 a.m. - 5 p.m. ET, both days Fee:  $500.00 Location: FINRA 9509 Key West Avenue, Rockville, MD 20850   Are you new to Web CRD & IARD? Are you new to registration and licensing? Are you interested in a … Continue reading FINRA 2013 Foundations of Web CRD/IARD →

FINRA Issues New Investor Alert: Private Placements—Evaluate the Risks Before Placing Them in Your Portfolio WASHINGTON—The Financial Industry Regulatory Authority (FINRA) issued a new investor alert to caution investors that investing in private placements is risky and can tie up their money for a long time. A private placement is an offering of a company's securities … Continue reading FINRA Issues New Investor Alert: Private Placements →

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. finra.complinet.com/en/display/display_main.html

Saturday, September 21 Unavailable Scheduled Maintenance

Saturday, September 21 Unavailable Scheduled Maintenance  

In accordance with SEC Rule 15c3-1, each broker/dealer registered pursuant to Section 15 of the Act must have evidence of the computation of net capital monthly. That computation should be completed and approved by the FINOP within 17 business days after the end of each month.

38th Bond Attorneys' Workshop Sep 25–27, 2013 Sheraton Chicago Hotel & Towers Chicago, Illinois For registration information and workshop highlights: http://www.nabl.org/education/event/bond-attorney-workshop   STAY ON TOP OF BEST PRACTICES AND NEW DEVELOPMENTS Will there be tax reform this year or next?  What is the SEC telling us we must do?  How do I understand and use … Continue reading 38th Bond Attorney’s Workshop →

What: Luncheon or may participate in webinar Where: SIFMA Conference Center 120 Broadway, NYC When: September 26, 2013 12:00-2:00 PM This session will feature: An overview of today's Financial Regulations and Customer Protection Market Regulation from the Regulator's Perspective A Dodd-Frank Basic Overview A brief SIFMA introduction and their role today within the regulatoy markets … Continue reading SIFMA Customer Protection and Regulation Overview Luncheon/Webinar →

FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading Outside Business Activity Review (NASD Rule 3050) →

Saturday, September 28 Available 8 a.m. – 6 p.m., ET  

FINRA Rule 1250 requires all covered registered persons (any person registered with a member who has direct contact with customers in the conduct of the member's securities sales, trading and investment banking activities, any person registered as an operations professional or research analyst, and to the immediate supervisors of such person) to participate in the … Continue reading Review and update Firm Element Continuing Education Plan →

We cordially invite you to attend the SIFMA Compliance & Legal Society Charlotte Regional Seminar to be held at The Ritz-Carlton on September 30th, 2013. This one day seminar will feature presentations by leading securities regulators and industry professionals. Topics Include: Hot Topics In Securities Enforcement Cybersecurity Compliance Framework for Bank Supervision Investment Advisers – … Continue reading SIFMA Compliance & Legal Society Charlotte Regional Seminar →

Mark your calendar and plan to attend the 2014 FINRA Annual Conference to hear the latest regulatory developments and FINRA priorities, and gain practical guidance on compliance issues. Register by October 1 to take advantage of the lowest registration rates that are available to the first 100 in-person registrants. For more information, visit www.finra.org/annualconference

FINRA assesses an annual support fee to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB”). The fee is assessed on a quarterly basis and is based on member firm’s municipal securities trading volume for the prior quarter.   finra.complinet.com/en/display/display_viewall.html

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 5131 (New Issue Allocations and Distributions) to allow members to rely on written representations from certain accounts to comply with Rule 5131(b) related to spinning. Please click on the link … Continue reading Proposed Rule Change to Amend FINRA Rule 5131 (New Issue Allocations and Distributions): Comment Deadlline →

As a reminder, October 4 is the nomination deadline for upcoming elections to fill one seat on the Small Firm Advisory Board and vacancies on FINRA District Committees. The SFAB Election Notice provides details about the election process for New York Region vacancy. The District Committee Election Notice provides details about the seats open for … Continue reading Nominations Due October 4: SFAB and District Committees →

Saturday, October 5 Available 8 a.m. – 6 p.m., ET  

FINRA's next free webinar is on October 8, 2013, at 1 p.m. (ET). During the 60-minute program FINRA staff and industry experts will discuss the implementation of the suitability rule and highlight examination methodology, common findings and effective industry practices for complying with the rule. Visit the FINRA website for more information and to register.

Compliance Boot Camps FINRA's Compliance Boot Camps provide a broad view of essential compliance concepts. Through a combination of self-study and classroom training, participants gain valuable insights on compliance activities for immediate application to the workplace.   Half-Day Compliance Boot Camps Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are … Continue reading FINRA Half-Day Compliance Boot Camp →

Date: October 9 - 11, 2013 For specific information about the NAIPFA Annual Conference: Annual Conference Packet including Registration Form Annual Conference Registration Form for Non-Municipal Advisor and Non-Sponsor Attendees   The National Association of Independent Public Finance Advisors (NAIPFA) is a professional organization limited to firms that specialize in providing financial advice on bond … Continue reading NAIPFA Annual Conference →

October 10–11, 2013 Renaissance Washington, DC Downtown Hotel 999 Ninth Street, NW Washington, DC 20001 FINRA's annual Advertising Regulation Conference provides practical guidance on complying with advertising rules and regulations for communications with the public. Conference sessions address FINRA rules and interpretations as they apply to communications for investment company products, structured products and alternative … Continue reading FINRA Advertising Regulation Conference →

Saturday, October 12 Available 8 a.m. – 6 p.m., ET  

In accordance with FINRA Rule 4530(d), each member shall report to FINRA statistical and summary information regarding customer complaints in such detail as FINRA shall specify by the 15th day of the month following the calendar quarter in which customer complaints are received by the member. For the purposes of this paragraph, "customer" includes any … Continue reading FINRA Rule 4530/Customer Complaint Filing Due Dates (Q3 2013) →

The SIFMA Market Structure Conference is the industry's leading event for navigating today's fast, highly-fragmented and complex markets and the regulatory framework that governs them. Join your colleagues as leading experts discuss off-exchange trading venues; the benefits and challenges of electronic trading; identify the steps market participants should take to address the impact of systems … Continue reading SIFMA Market Structure Conference →

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. finra.complinet.com/en/display/display_main.html

Saturday, October 19 Available 8 a.m. – 6 p.m., ET  

Date: October 21 - 23, 2013 What: National Society of Compliance Professionals 2013 National Meeting The Securities Compliance Industry’s Most Comprehensive Educational Meeting: 80+ Topics encompassing Investment Adviser, Broker-Dealer, Private Fund/Hedge Fund and Investment Company issues. When: October 21, 2013 - October 23, 2013   9:00 a.m.-4:00 p.m. ET Where: Washington Hilton 1919 Connecticut Ave., … Continue reading 2013 NSCP National Meeting →

As a reminder, the SEC adopted amendments to the net capital, customer protection, books and records, and notification rules (SEA Rules 15c3-1, 15c3-3, 17a-3, 17a-4 and 17a-11), and amended annual reporting and audit requirements under SEA Rule 17a-5. Certain of the new rules were to take effect on October 21, 2013. However, on October 17 … Continue reading Update: New SEC Financial Responsibility Rules →

FINRA is soliciting public comment on a set of proposed rules—referred to as the Funding Portal Rules-and related forms for SEC—registered funding portals that become FINRA members pursuant to the crowdfunding provisions of the JOBS Act. The comment period expires February 3, 2014. See Regulatory Notice 13-34.

FINRA seeks comment on a revised proposal to transfer the NASD Rule 1010 Series (Membership Proceedings), with substantive changes, into the Consolidated FINRA Rulebook as the FINRA Rule 1100 Series (Member Application). The revised proposal includes changes in response to comments on the prior proposal set forth in Regulatory Notice 10-01. The proposal also includes … Continue reading FINRA Requests for Comments: Regulatory Notice 10-1 →

Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update The Securities Industry/Regulatory Council on Continuing Education (Council) has released its Fall 2013 Firm Element Advisory (FEA). The Council produces the FEA to identify regulatory and sales practice topics that firms should consider in their Firm Element training plans. Topics updated or added since … Continue reading Regulatory Notice 13-3 Securities Industry/Regulatory Council on Continuing Educaion Issues Firm Element Advisory Update →

The Municipal Securities Rulemaking Board (MSRB) Board of Directors meets October 23-25, 2013, where it will discuss the following rulemaking topics.* A summary of actions taken by the Board at the meeting will be sent to regulated entities and published on the MSRB's website following the meeting.   Best Execution The Board will discuss public … Continue reading MSRB Board of Directors Meeting Agenda →

FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or … Continue reading Outside Business Activity Review (NASD Rule 3050) →

Saturday, October 26 Unavailable Web CRD/IARD Software Release 2013.4  

FINRA periodically reviews the content of qualification examinations to determine whether revisions are necessary or appropriate in view of changes—including changes to the laws, rules and regulations—pertaining to the subject matter covered by the examinations. Based on this review process, FINRA has revised the Supervisory Analyst (Series 16) examination program. To find our more information … Continue reading Regulatory Notice 13-28: FINRA Revises the Series 16 Examination Program →

Effective October 28, 2013, new entitlement privileges will be added to Web CRD/IARD as additional safeguards to viewing sensitive or confidential data. Please review the entitlement privileges page to learn how these new privileges will impact super account administrators, account administrators and users of Web CRD/IARD.

SEC Rule 17a-5(d) requires that FINRA member firms to file an Annual Audited Report electronically with FINRA through the firm Gateway and with the SEC (main office and regional office) via mail or overnight carrier not more than 60-calendar days after the date selected for their fiscal year end. The Annual Audit must also be … Continue reading Annual Audit Filing Due Date (Period Ending 08/31/2013) →