Thanksgiving Day Holiday
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Day after Thanksgiving Holiday Early close time @1:00 p.m.
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Outside Business Activity Review (NASD Rule 3050)
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 she has provided prior written notice to the member firm. Registered persons may not engage in the activity until they receive written permission from the member firm. The firm should complete the review of the outside business activities of all associated persons for each month.
Comment Period Ends: Proposed FINRA Rules Relating to Financial Exploitation of Seniors and Other Vulnerable Adults
FINRA seeks comment on proposed rules addressing the financial exploitation of seniors and other vulnerable adults. FINRA is proposing: (1) amendments to FINRA Rule 4512 (Customer Account Information) to require firms to make reasonable efforts to obtain the name of and contact information for a trusted contact person for a customer’s account; and (2) the adoption of new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit qualified persons of firms to place temporary holds on disbursements of funds or securities from the accounts of specified customers where there is a reasonable belief of financial exploitation of these customers.
Effective Date: Amendments to Require Firms to Report Transactions in TRACE-Eligible Securities As Soon As Practicable
SEC 100 F Street, N.E., Washington, D.C, DC, United StatesThe SEC approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules to codify that firms are required to report transactions in TRACE-eligible securities that are subject to dissemination as soon as practicable following the time of execution of the transaction. The amendment will become effective on November 30, 2015.The amended rule text is available in the online FINRA Manual.
Effective Date: Electronic Submission of Subordinated Loan Requests
FINRA 9509 Key West Avenue, Rockville, MD, United StatesFINRA is launching, effective November 30, 2015, a new electronic platform on Firm Gateway for firms to submit all new requests for approval of proposed subordinated loan agreements and secured demand note agreements (referred to as subordinations), including renewals of existing agreements. This Notice discusses the electronic submission process, which will replace the current submission of subordination requests in hard copy form to FINRA.
As of November 30, 2015, all new requests must be submitted in electronic form through Firm Gateway, and FINRA will no longer accept new requests filed in hard copy form.
2015 FINRA South Region Compliance Seminar
New Orleans Marriott 555 Canal Street, New Orleans, LA, United StatesThe South Region Compliance Seminar is conducted to help firms and their associated persons better understand current industry and regulatory issues. Throughout the event, staff members from the Atlanta, Boca Raton, Dallas and New Orleans offices, as well as other FINRA senior staff, will be available to discuss matters of interest with you. - See … Continue reading 2015 FINRA South Region Compliance Seminar
SIFMA Cyber Insurance Webinar
Every financial firm has an obligation to be vigilant in our industry's commitment to cybersecurity. As cyber attacks become more frequent and destructive, cyber insurance policies can offer critical protections to complement your risk management program.
SIFMA, FireEye, DeWitt Stern and ACE Group, a leading provider of cyber insurance, are providing a cyber insurance webinar to learn more about the current cybersecurity landscape and the SIFMA Cyber Insurance Program. Participants will be provided an opportunity for in-depth Q&A.
Automatic Transfers to Renewal Accounts
Firms with sufficient monies in their Flex-Funding accounts will have funds transferred to their Renewal Accounts to cover total renewal fees owed. Transfers will be conducted every day until Web CRD/IARD shuts down for year-end processing.
SIFMA: Deadline to Register for Securities Industry Institute At Wharton
The Wharton School of the University of Pennsylvania. University of Pennsylvania, Philadelphia, PA, United StatesThe Securities Industry Institute® (SII) is the premier executive development program for financial services professionals. For more than 60 years, SIFMA and The Wharton School of The University of Pennsylvania have partnered to equip SII participants with practical information, ideas and answers directly applicable to their present and future responsibilities. Click here for registration details.
Outside Business Activity Review (NASD Rule 3050)
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)
Outside Brokerage Account Review (NASD Rule 3050)
The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month.
Full payment of Preliminary Renewal Statements Due
Full payment of Preliminary Renewal Statements is due.
Christmas Eve Early close time @ 1:00 p.m.
www.finra.org/AboutFINRA/HolidaySchedule/
Final Effective Date of FINRA Rule 2241 ( Research Analysts and Research Reports)
All provisions of FINRA Rule 2241 ( Research Analysts and Research Reports) becomes effective.
Christmas Day Holiday
www.finra.org/AboutFINRA/HolidaySchedule/
Web CRD and IARD Unavailable
Web CRD and IARD are unavailable due to the holiday schedule and year-end processing.
New Years Eve Holiday
www.finra.org/AboutFINRA/HolidaySchedule/
Quarterly GASB Accounting Support Fee
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
Automatic Transfers
Automatic transfers: Firms with sufficient monies in their Flex-Funding Accounts will have funds transferred to their Renewal Accounts to cover total renewal fees owed. Transfers will b e conducted every day until any outstanding renewal assessment is satisfied.
Deadline for Final Renewal Statement payments
Deadline for Final Renewal Statement payments.
Annual Schedule I Filing for 2015
SEC Rule 17a-10 requires broker-dealers to file Schedule within 17 business days after calendar year-end. taft.law.uc.edu/CCL/34ActRls/rule17a-10.html
Quarterly Form Custody Filing Due
Firms are required to file Form Custody pursuant to SEC Rule 17a-5(a)(5).
Disclosure of Order Routing Practices (SEC Rule 606) (Q4 2015)
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) (Q4 2015)
Building a Stronger Defense Against Cybersecurity: FINRA Conference
New York Hilton Midtown 1335 Avenue of the Americas, New York City, NY, United StatesFINRA's Cybersecurity Conference provides a forum to learn the fundamentals and take a deeper dive into key areas of cybersecurity. Understand your organization's vulnerabilities, the range of potential threats and learn tips to identify them. Gain knowledge for how to protect your organization from cyber threats and how to respond and recover when attacked
FINRA Rule 2242: New Implementation Date
FINRA has extended the implementation date of FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) from February 22, 2016, to April 22, 2016. See Regulatory Notice 15-31. FINRA Rule 2242 is intended to foster objectivity and transparency in debt research and to provide investors with more reliable and useful information to make investment … Continue reading FINRA Rule 2242: New Implementation Date
SIFMA Securities Industry Institute Program
The Wharton School of the University of Pennsylvania. University of Pennsylvania, Philadelphia, PA, United StatesThe Securities Industry Institute, SIFMA’s premier executive education program held in partnership with The Wharton School, is being offered March 6 – 11, 2016.
The program provides access to world-class faculty from Wharton and other leading universities and exposure from industry experts in the latest trends in the industry, prepares you for the uncertain shifts in the market, provides networking opportunities that enable you to build your network, business and perspective, and you will receive a SIFMA/Wharton Certificate upon graduation.
Effective Date of Revised Series 9/10 Examination
FINRA has revised the General Securities Sales Supervisor (Series 9/10) examination program.
2016 Web CRD/IARD Training
The 2016 Foundations of Web CRD/IARD training is designed for those at broker-dealers or joint broker-dealer/investment adviser firms who are new to registration and licensing, new to Web CRD and IARD, or who want to receive a refresher and registration tips.
SIFMA 2016 Compliance & Legal Annual Seminar
Hilton Orlando Bonnet CreekRegistration is now open for the SIFMA 2016 Compliance & Legal Society Annual Seminar on March 13–16 at the Hilton Orlando Bonnet Creek. Compliance and legal professionals participate in SIFMA's our interactive program with more than 65 dynamic panels and sessions that focus on the current regulatory and legal developments impacting the industry.
Review and Update Firm Element Continuing Education Plan
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
Personnel Assessment and Gross Income Assessment
The Personnel Assessment and Gross Income Assessment (“GIA”) is designed to stabilize revenues used to support FINRA’s regulatory activities. The GIA is based on a member firm’s gross revenues and has a 7 tiered structure with a minimum of $1,200. The Personnel Assessment (“PA”) is based upon a three tiered rate structure: firms with 1 … Continue reading Personnel Assessment and Gross Income Assessment
Comment Period Ends on Proposed FINRA Rules Amendments Related to Conversaion T+2 Settlement Cycle
Financial Industry Regulatory Authority ("FINRA") issued Regulatory Notice 16-09, in which FINRA is seeking comments on proposed amendments to FINRA rules relating to the settlement cycle. FINRA proposes to adopt necessary rule changes in a manner and timeline that is consistent with the SEC and other self-regulatory organizations SROs in an effort to provide the … Continue reading Comment Period Ends on Proposed FINRA Rules Amendments Related to Conversaion T+2 Settlement Cycle
SIFMA’s Anti-Money Laundering & Financial Crimes Conference
Marriott Marquis 901 Massachusetts Avenue NW, Washington, D.C., DC, United StatesCelebrating its 16th year, SIFMA's C&L Anti-Money Laundering & Financial Crimes Conference gathered more than 400 compliance and legal professionals from April 5-6 at the Marriott Marquis in New York City. Our new two-day program featured practical insights from FINRA's Bradley Bennett, Executive Vice President, Enforcement; Treasury's Jennifer Fowler, Deputy Assistant Secretary for Terrorist Financing; … Continue reading SIFMA’s Anti-Money Laundering & Financial Crimes Conference
FINRA Diversity Summit
The FINRA Diversity Summit provides a forum for business leaders, diversity practitioners and human resource professionals in the financial services industry to explore a variety of corporate practices, strategies, and outreach efforts intended to leverage the benefits of building sustainable diversity and inclusion programs. Visit the FINRA website for more information and to register.
Effective Date: Amendments to FINRA Rule 2340 Regarding DPP and Unlisted REIT Securities
The SEC amendments to NASD Rule 2340 (Customer Account Statements) become effective on April 11, 2016. The amendments modify the requirements relating to the inclusion of per share estimated values for direct participation program (DPP) and unlisted real estate investment trust (REIT) securities on account statements, and to FINRA Rule 2310 (Direct Participation Programs) to make corresponding … Continue reading Effective Date: Amendments to FINRA Rule 2340 Regarding DPP and Unlisted REIT Securities
FINRA Compliance Boot Camp
FINRA San Francisco district office 120 Kearney Street, Suite 2100, San FranciscoCompliance Boot Camp 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 required … Continue reading FINRA Compliance Boot Camp
District 1 San Francisco – District Compliance Meeting
Hotel Nikko San Francisco 222 Mason Road, Golder Gate Room, San Francisco,, CA, United StatesDistrict 1 San Francisco - District Compliance Meeting
District 4 Kansas City – District Compliance Event
Hilton St. Louis at the Ballpark (Meeting Room: Arch View Ballroom) 1 S. Broadway St. , St. Louis, MO, United StatesFINRA District 4 has scheduled a District Compliance Event for FINRA members.
FINRA Boot Camps
The Crescent Club 6075 Poplar Ave., Suite 909, Memphis, TN, United StatesCompliance Boot Camp 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 required … Continue reading FINRA Boot Camps
FINRA Rule 2242: New Implementation Date
FINRA has extended the implementation date for FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) from February 22, 2016 to April 22, 2016.
Quarterly Form Custody Filing Due Q1 2016
Firms are required to file Form Custody pursuant to SEA Rule 17a-5(a)(5).
FINRA Compliance Boot Camps
FINRA Philadelphia District Office Doubletree Hilton Hotel & Suites Pittsburgh 1 Bigelow Square, Pittsburgh, PA, United StatesCompliance Boot Camp 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 required … Continue reading FINRA Compliance Boot Camps
FINRA Boot Camp
The Pfister Hotel 424 E. Wisconsin Ave., Milwaukee, WI, United StatesCompliance Boot Camp 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 Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required … Continue reading FINRA Boot Camp
FINRA Boot Camp
The Federal Reserve Bank of Boston 600 Atlantic Ave., 4th Floor, Boston, MA , MA, United StatesCompliance Boot Camp 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 Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required … Continue reading FINRA Boot Camp
FINRA Boot Camp
FINRA Dallas District Office 12801 North Central Expressway, Suite 1050, Dallas, TX, United StatesCompliance Boot Camp 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 Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required … Continue reading FINRA Boot Camp
Outside Brokerage Account Review (FINRA Rule 3270)
The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728
2016 FINRA Annual Conference
Marriott Marquis 901 Massachusetts Avenue NW, Washington, D.C., DC, United StatesThere are two ways to participate: in-person or online. In-person: Marriott Marquis Washington, DC 901 Massachusetts Avenue, NW Washington, DC 20001 |Travel Disclaimer: FINRA suggests that you do not purchase restricted or nonrefundable tickets for travel to the conference, especially prior to receipt of your registration confirmation. FINRA assumes no liability for penalties or fare … Continue reading 2016 FINRA Annual Conference
Net Capital Computation (Month ending 04/30/2016)
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.
Outside Business Activity Review (FINRA Rule 3270)
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 (FINRA Rule 3270)
Supplemental Inventory Schedule (report period end date of 04-30-2016)
The SIS must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital requirement of … Continue reading Supplemental Inventory Schedule (report period end date of 04-30-2016)
Websites Required to Include Hyperlink to BrokerCheck
The SEC approved amendments to FINRA Rule 2210 (Communications with the Public) to require each of a member firm’s websites to include a readily apparent reference and hyperlink to BrokerCheck on (1) the initial Web page that the firm intends to be viewed by retail investors, and (2) any other Web page that includes a … Continue reading Websites Required to Include Hyperlink to BrokerCheck
National Adjudicatory Council Changes
SR-FINRA-2016-014 Rule change to amend the By-Laws of FINRA’s regulatory subsidiary, FINRA Regulation, Inc., to expand the size of the National Adjudicatory Council (“NAC”) to 15 members, with the number of non-industry members exceeding the number of industry members; lengthen the terms of office of future NAC members to four years; and update the process … Continue reading National Adjudicatory Council Changes
FINRA Announces CEO Transition
The Financial Industry Regulatory Authority (FINRA) today announced that its Board of Governors has concluded the CEO search, and appointed Robert W. Cook as President and Chief Executive Officer, effective the second half of 2016. Mr. Cook will succeed Richard G. Ketchum, who has served as Chairman and CEO since 2009. The Board intends to … Continue reading FINRA Announces CEO Transition
FINRA District Compliance Meeting – Raleigh N.C.
Hilton North Raleigh Midtown 3415 Wake Forest Road, Raleigh, NC, United StatesJune 16, 2016 9:00 a.m. – 12:00 p.m. District Compliance Meeting Raleigh, NC Hilton North Raleigh Midtown 3415 Wake Forest Road Raleigh, NC 27609 FREE Register Topics Include: Regulatory Priorities Conflicts of Interest Compliance and Legal Trends – Cybersecurity Speaker: Daniel Stefek, Associate Vice President and Director, FINRA Atlanta District Office
Outside Brokerage Account Review (FINRA Rule 3270)
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
CRD Accounting Pages to be retired
The accounting details on your firm's Flex-Funding and Renewals accounts, which were previously only available in Web CRD, are now available in E-Bill along with enhanced capabilities for accessing that information. The Accounting pages in Web CRD will remain functional until June 17, 2016, after which they will be retired. CRD Accounting reports will remain … Continue reading CRD Accounting Pages to be retired
MSRB: June 23, 2016 Effective Date of New Rule G-42
The Municipal Securities Rulemaking Board (MSRB) reminds municipal advisors that MSRB Rule G-42 on duties of non-solicitor municipal advisors and related amendments to MSRB Rule G-8 on recordkeeping become effective on June 23, 2016.
Firm Gateway Information Requests System Enhancement
On June 24, FINRA enhances the Request Manager system, part of the Information Requests tab in Firm Gateway, with a new file upload process. The new file uploader is optimized for Internet Explorer (IE) 10 and up, Chrome, Firefox and Safari. Users with older browsers will still be able to upload files to FINRA but … Continue reading Firm Gateway Information Requests System Enhancement
SIFMA Webinar: Securitization Spotlight – FINRA Rule 4210
On June 15, 2016 the SEC approved FINRA’s rule proposal to implement requirements for transactions in the To-Be-Announced (TBA) market and other Agency MBS mortgage markets. This one-hour complimentary webinar will cover critical aspects and implications of the final FINRA Rule 4210.
Supplemental Inventory Schedule (report period end date of 05-31-2016)
The SIS must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital requirement of … Continue reading Supplemental Inventory Schedule (report period end date of 05-31-2016)
SIFMA’s Archiving, Surveillance, & Regulatory Data Management Luncheon
SIFMA Conference Center New York City, NY, United StatesDeloitte and SIFMA invite you to participate in a luncheon on June 28, 2016 at SIFMA’s Conference Center in New York City. The growing need to comply with regulatory requirements is creating additional strain on the industry’s ability to effectively archive and manage firm data when using outdated systems. Currently, firms face many challenges, including: … Continue reading SIFMA’s Archiving, Surveillance, & Regulatory Data Management Luncheon
FINRA 2016 Risk Control Assessment Due
FINRA's 2016 Risk Control Assessment (RCA) survey launched earlier this month, when each firm's executive representative was sent an email linking to their firm's unique RCA survey. The RCA is an integral part of FINRA's risk-based examination and surveillance program. FINRA uses it to better understand the risks associated with the business activities in which … Continue reading FINRA 2016 Risk Control Assessment Due
NSCP Webinar: Current Issues in CCO Liability
What is keeping you up at night? CCOs can answer this easily: the threat of personal liability if our company fails to comply with regulations. As many NSCP members know, panels at the 2016 SIFMA C&L conference in Orlando conducted feverish discussions on CCO liability and the often impossible position in which CCOs can find … Continue reading NSCP Webinar: Current Issues in CCO Liability
Quarterly GASB Accounting Support Fee
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.
Elimination of Continuing Education at Testing Centers
As of January 4, 2016, FINRA has offered all of the Regulatory Element Programs (S101, S106, S201 and S901) through the FINRA CE Online System. CE Online provides participants with the flexibility to satisfy their Regulatory Element requirement from a home or office computer. During this transition, FINRA has offered participants the option to complete … Continue reading Elimination of Continuing Education at Testing Centers
SEC Requests Comments on Communications Rules
The SEC requests comment on FINRA's proposal to amend FINRA Rules 2210 (Communications with the Public), 2213 (Requirements for the Use of Bond Mutual Fund Volatility Ratings) and 2214 (Requirements for the Use of Investment Analysis Tools). In furtherance of the recommendations arising from FINRA's retrospective review of its communications with the public rules, the … Continue reading SEC Requests Comments on Communications Rules
MSRB Webinar: Application of MSRB Rule G-37 on Political Contributions and Prohibitions
MSRB Webinar: Application of MSRB Rule G-37 on Political Contributions and Prohibitions on Municipal Advisory Business to Municipal Advisors, and Related Amendments to MSRB Rules G-8 and G-9. During this free webinar, MSRB staff will review the new key provisions of MSRB Rule G-37 that extend requirements to municipal advisors related to their political contributions and … Continue reading MSRB Webinar: Application of MSRB Rule G-37 on Political Contributions and Prohibitions
FINRA Rule 2341 to replace NASD Rule 2830
SR-FINRA-2016-019 According to the Rule Filing Status Report , a change to adopt NASD Rule 2830 (Investment Company Securities) as FINRA Rule 2341 (Investment Company Securities) will be implemented as of July 9, 2016, in the consolidated FINRA rulebook without any substantive changes. FINRA also proposes to update cross-references within other FINRA rules accordingly.
FINRA Compliance Boot Camp-Stamford, CT
Stamford Marriot Hotel 243 Tresser Blvd., Stamford, CT, United StatesFINRA Half-Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for compliance … Continue reading FINRA Compliance Boot Camp-Stamford, CT
FINRA District Compliance Meeting – Buffalo, New York
FINRA New Jersey District Office 581 Main Street - 7th Floor, Woodbridge, NJ, United StatesFINRA District Compliance Meeting 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.
FINRA Compliance Boot Camp – Chicago
FINRA Chicago District Office 55 W. Monroe Street Suite 2700, Conference rooms A-C, Chicago, IL, United StatesHalf-Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for compliance professionals … Continue reading FINRA Compliance Boot Camp – Chicago
FINRA District Compliance Meeting – Dallas, Texas
FINRA Dallas District Office 12801 North Central Expressway, Suite 1050, Dallas, TX, United StatesFINRA District Compliance Meeting 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.
Outside Brokerage Account Review (FINRA Rule 3270)
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
FINRA Rule 2242 Clarifications
SR-FINRA-2016-017 From the Rule Filing Status Report , a change to amend FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) will be to clarify the application of the rule in four respects: (1) the consent requirement for institutional debt research reports distributed to non-U.S. investors by non-U.S. affiliates of members; (2) the consent requirement for … Continue reading FINRA Rule 2242 Clarifications
Quarterly FOCUS and SSOI Filing (Quarter ending 06/30/2016)
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. http://taft.law.uc.edu/CCL/34ActRls/rule17a-5.html
Quarterly Form Custody Filing Due Q2 2016
Firms are required to file Form Custody pursuant to SEA Rule 17a-5(a)(5).
Supplemental Inventory Schedule (report period ended 06-30-2016)
The SIS must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report
Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS
reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital
requirement of less than $100,000; or (2) inventory positions consisting only of money
market mutual funds.6 A firm with inventory positions consisting only of money market
mutual funds must affirmatively indicate through the eFOCUS system that no SIS filing is required for the reporting period.
Quarterly SSOI Supplemental FOCUS Information (Quarter ending 06/30/2016)
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. http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=14475&element_id=10588&highlight=4524#r14475
MSRB Rule G-37 Reporting Requirement
MSRB Rule G-37 requires each broker, dealer or municipal securities dealer shall, by the last day of the month following the end of each calendar quarter send to the MSRB Form G-37 setting forth, in the prescribed format, the following information: (A) for contributions to officials of issuers (other than a contribution made by a … Continue reading MSRB Rule G-37 Reporting Requirement
Outside Business Activity Review (FINRA Rule 3270)
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 (FINRA Rule 3270)
Annual Audit Filing Due Date (Period Ending May 31, 2016)
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 May 31, 2016)
SIPC Assessment (Year ending December 31, 2015) 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 Assessment (Year ending December 31, 2015) SIPC 6
SEC Approves OATS Amendments to Require Identification of Non-FINRA Member Broker-Dealers
Beginning August 1, 2016, firms that report information to OATS will be required to include on their reports the identity of U.S.-registered broker-dealers that are not FINRA members and broker-dealers that are not registered in the U.S. but have received an SRO-assigned identifier. The identities may be reported using either the broker-dealer’s Central Registration Depository … Continue reading SEC Approves OATS Amendments to Require Identification of Non-FINRA Member Broker-Dealers
SIFMA Compliance & Legal Society Regional Seminar
Charles Schwab Conference Center 211 Main Street, San Francisco, CA, United StatesJoin SIFMA members at the C & L Society Regional Conference on August 4 hosted at the Charles Schwab Conference Center in San Francisco. This one day seminar will feature presentations by leading securities regulators and industry professionals. The Charles Schwab Center is located at 211 Main Street, San Francisco, CA 94105. Discussion topics will include: A Discussion … Continue reading SIFMA Compliance & Legal Society Regional Seminar
Petition for Candidacy – FINRA Board of Governors
The annual meeting of FINRA firms will take place on or about Monday, September 19, 2016, to elect one Small Firm Governor, and one Large Firm Governor to the FINRA Board of Governors (FINRA Board). A formal notice of the meeting, including the precise date, time and location, will be mailed to executive representatives on … Continue reading Petition for Candidacy – FINRA Board of Governors
FINRA District Compliance Meeting – Ft. Lauderdale, Florida
FINRA Boca Raton District Office 5200 Town Center Circle Suite 200, Boca Raton, FL, United StatesFINRA District 7 Compliance Meeting 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.
FINRA Compliance Boot Camp – San Diego
Hilton Del Mar 15575 Jimmy Durante Blvd., Del Mar, CA, United StatesFINRA Half-Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for compliance … Continue reading FINRA Compliance Boot Camp – San Diego
FINRA Compliance Boot Camp-New Jersey
FINRA New Jersey District Office 581 Main Street - 7th Floor, Woodbridge, NJ, United StatesFINRA Half Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for … Continue reading FINRA Compliance Boot Camp-New Jersey
MSRB Webinar: Putting EMMA to work for you
Eugenia Song, MSRB Outreach Manager, will conduct a webinar on Putting EMMA to Work for You.
Outside Brokerage Account Review (FINRA Rule 3270)
The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728
Net Capital Computation (Month ending 07/31/2016)
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 Compliance Boot Camp- Kansas City
FINRA Kansas City District Office 12 Wyandotte Plaza , Kansas City, MOHalf-Day FINRA Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for compliance … Continue reading FINRA Compliance Boot Camp- Kansas City
Supplemental Inventory Schedule (report period ended 07-31-2016)
The SIS must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report
Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS
reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital
requirement of less than $100,000; or (2) inventory positions consisting only of money
market mutual funds.6 A firm with inventory positions consisting only of money market
mutual funds must affirmatively indicate through the eFOCUS system that no SIS filing is required for the reporting period.
Outside Business Activity Review (FINRA Rule 3270)
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 (FINRA Rule 3270)
Annual Audit Filing Due Date (Period Ending June 30, 2016)
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 June 30, 2016)