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 … Continue reading Outside Business Activity Review (NASD Rule 3050)
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) … Continue reading Annual Audit Filing Due Date (Period Ending 09/30/2013)
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 … Continue reading District 9A (Philadelphia) District Compliance Meeting
Click here for our latest renewal update FINRA advises FINRA-registered firms that failure to remit full payment of their Preliminary Renewal Statements to FINRA by December 13, 2013, may cause … Continue reading Final Renewal Statement Payment
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
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 … Continue reading Net Capital Computation (Month ending 11/30/2013)
Web CRD and IARD are available on an abbreviated schedule from 7 a.m. until 1 p.m., ET, due to the holiday schedule.
www.finra.org/AboutFINRA/HolidaySchedule
DEADLINE to submit form filings prior to year-end is 3p.m., ET via Web EFT and 6 p.m., ET, via Web CRD and IARD. Web CRD and IARD are available from … Continue reading Annual Deadline to Submit Form Filings with CRD/IARD
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 … Continue reading Outside Business Activity Review (NASD Rule 3050)
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 … Continue reading Review and update Firm Element Continuing Education Plan
Date: December 31, 2013
www.finra.org/AboutFINRA/Holiday Schedule
FOR IMMEDIATE RELEASE 2013-274 Washington D.C., Dec. 27, 2013 —The Securities and Exchange Commission today announced that it has adopted amendments to eliminate references in certain of its rules and … Continue reading SEC News: SEC Removes References to NRSRO Ratings in Certain Rules and Forms
Click here for the latest renewal information Final Renewal Statements will be available online in Web CRD/IARD. If you have a renewal overpayment. It will be automatically transferred to your … Continue reading Final Renewal Statement Availability
Web CRD & IARD are available with complete functionality as of 7 a.m. ET, including submitting form filings and approving registrations. All renewal overpayments are automatically transferred to firms' Daily … Continue reading Web CRD & IARD Available
The SEC requests comment on a proposal to amend the Uniform Branch Office Registration Form to (1) eliminate Section 6 (NYSE Branch Information), which is currently applicable only to NYSE-registered … Continue reading SEC Requests Comments: Uniform Branch Registration Form
FINRA and the Wharton School offer the Certified Regulatory and Compliance Professional (CRCP) Program—an executive education experience that covers the theory and practical application of securities laws and regulation through … Continue reading Registration Date for lower rates to the CRCP Program at Wharton
The SEC requests comment on a proposal to add a new entrant, LavaFlow, to the Alternative Display Facility. The comment period expires January 7, 2014. See the Federal Register notice.
Beginning November 11,2013, Preliminary Renewal Statements are available for viewing and printing on Web CRD/IARD. FINRA advises FINRA-registered firms that failure to remit full payment of their Preliminary Renewal Statements … Continue reading Full Payment of Final Renewal Due
The Municipal Secuities Rulemaking Board ( MSRB) is seeking comments on proposed amendments to Rule G-3 , rule G-27, and Rule G-7 to require all associated persons primarily engaged in … Continue reading MSRB Requests Comments to Proposed Changes to C.E. Program
Join in on January 14th for an afternoon seminar on the compliance and legal considerations that impact cross border activity in the global marketplace. Financial service providers and the investors … Continue reading SIFMA Event: Cross Border Regulation in the Global Marketplace
Join SIFMA’s next Securitization Spotlight Session on January 14, 2014, from 8:00 AM to 10:00 AM. This Spotlight Session will focus on the industry-wide efforts to successfully implement the Treasury Market Practices … Continue reading SIFMA Event: Securitization Spotlight Session
FOR IMMEDIATE RELEASE 2013-275 Washington D.C., Dec. 27, 2013 —The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and … Continue reading SEC News: Agencies Reviewing Volcker Rule
The SEC requests comment on a proposal to update the rules governing the Alternative Display Facility (ADF) to, among other things, reflect regulatory requirements that have been put into place … Continue reading SEC Requests Comments: Alternative Display Facility
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
ORF Migration Conference Call January 22, 2014 2 p.m. – 3 p.m. ET On April 28, 2014, the OTC Reporting Facility (ORF) is scheduled to migrate to new technology. On … Continue reading FINRA ORF (OTC Reporting Facility) Migration of Technology Conference Call
The CFTC Recordkeeping rules came into effect earlier this year. Hear from industry experts on what you need to know to ensure your firm is in compliance. Topics include: CFTC … Continue reading SIFMA Event: New CFTC Voice Recording & Recordkeeping Rules
The Municipal Securities Rulemaking Board (MSRB) will host a public education and outreach seminar for municipal market professionals in Atlanta, Georgia on January 28, 2014. The MSRB, which oversees the … Continue reading MSRB Event: Public Education & Outreach Seminar in Atlanta
SIFMA's 14th Annual Anti-Money Laundering and Financial Crimes Conference will bring together leading experts from the securities industry, regulatory agencies and law enforcement to discuss recent developments in the anti-money laundering space … Continue reading SIFMA Event: 2014 Annual AML and Financial Crimes Conference
Text: 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 … Continue reading Outside Business Activity Review (NASD Rule 3050)
Deadline for receipt of FINAL Renewal Statement payments and reporting any Renewal Discrepancies.
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 … Continue reading Funding Portal Rules Comments Request Deadline
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 … Continue reading FINRA Requests Comments: Funding Portal Rules
13-43: SEC Approves a Limited Exception From FINRA Rule 5131(b) to Permit Firms to Rely Upon a Written Representation From Certain Unaffiliated Private Funds; Effective Date: February 3, 2014
Options Regulation Conference February 6, 2014 1 p.m. to 3 p.m. Central Time In-Person or Conference Call FINRA’s Market Regulation department is hosting a free two-hour conference to discuss regulatory … Continue reading FINRA offers Options Regulation Conference
www.finra.org/AboutFINRA/Holiday Schedule
FINRA is requesting comment on a concept proposal to develop a new Comprehensive Automated Risk Data System (CARDS), a rule-based program that would allow FINRA to collect on a standardized, … Continue reading FINRA Requests Comments: Comprehensive Automated Risk Data System (CARDS)
13-41: eFOCUS System Updates Applicable to Joint Broker-Dealers/Futures Commission Merchants: Effective Date: Monthly FOCUS Report Part II and Part II CSE Due on February 26, 2014, Covering the January 31, … Continue reading Updates to FOCUS Reports Part II and IICS Covering the Jan. 31, 2014 period
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 … Continue reading Exemption Expiration for New SEC Financial Responsibility Rules
FINRA Diversity Summit March 4, 2014 New York, NY The FINRA Diversity Summit provides a forum for diversity practitioners and business leaders from securities firms, financial regulators and other organizations … Continue reading FINRA offers Diversity Summit
SIFMA's annual Insurance-and-Risk-Linked Securities Conference is the leading forum for updates, strategies and insights into the top industry issues in the coming year. A range of topics will be explored … Continue reading SIFMA Event: IRLS (Insurance & Risk Linked Securities) Conference 2014
Fixed Income Conference March 11, 2014 New York, NY The conference agenda and session descriptions are now available in our online brochure. Topics include: market structure and electronic trading; market … Continue reading FINRA offers Fixed Income Conference
The Municipal Securities Rulemaking Board (MSRB) received approval from the Securities and Exchange Commission (SEC) on September 26, 2013 to amend Rule G-11 (on primary offering practices), Rule G-8 (on … Continue reading MSRB Notice 2013-20: SEC Approves Amendments to MSRB Rules G-11, G-8 & G-32.
Regulatory Notice 14-21 SEC Approves Amendments to Equity Trade Reporting and OATS Rules Effective Dates: OATS: April 7, 2014; ORF: September 15, 2014; ADF and TRFs: (millisecond reporting): September 29, … Continue reading SEC Approves Amendments to Equity Trade Reporting and OATS Rules
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 … Continue reading FINRA Annual Conference May 19 – 21, 2014 Washington, DC
The SEC was established 80 years ago on June 6, 1934, when President Franklin Delano Roosevelt signed the Securities Exchange Act of 1934 into law. The SEC's mission then and … Continue reading SEC Celebrates 80th Anniversary
SIFMA Tech 2014 convened industry leaders, regulators and solution providers to explore pressing industry issues and their solutions. The event offered critical updates and expert outlooks that will help you … Continue reading SIFMA Tech 2014
Regulatory Notice 14-25 FINRA Announces Updates of the Interpretations of Financial and Operational Rules Executive Summary FINRA is updating the imbedded text of Securities Exchange Act (SEA) reporting rules for … Continue reading FINRA Announces Updates of the Interpretations of Financial and Operational Rules
Release Date: June 25, 2014 Contact: Carol Danko, 202.962.7390, cdanko@sifma.org SIFMA Statement on SEC Approval of Cross-Border Swaps Rules Washington, D.C., June 25, 2014 - SIFMA today released the following … Continue reading SIFMA Statement on SEC Approval of Cross-Border Swaps Rules
Washington D.C., June 25, 2014 — The Securities and Exchange Commission today adopted the first of a series of rules and guidance on cross-border security-based swap activities for market participants. … Continue reading SEC Adopts Cross-Border Security-Based Swap Rules
www.finra.org/AboutFINRA/HolidaySchedule
Regulatory Notice 14-26 New Payments for Market Making Certification Requirement for FINRA Form 211 Effective Date: July 7, 2014 Executive Summary FINRA is issuing this Regulatory Notice to remind firms … Continue reading New Payments for Market Making Certification Requirement for FINRA Form 211
Regulatory Notice 14-30 SEC Approves Amendments to FINRA Rule 2210 to Exclude Research Reports on Exchange-Listed Securities From Filing Requirements and Clarify the Standards Applicable to Free Writing Prospectuses Effective … Continue reading SEC Approves Amendments to FINRA Rule 2210
Washington, DC, July 11, 2014 - SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the "Cybersecurity Information Sharing Act of 2014" (S. 2588), … Continue reading SIFMA Statement on ‘Cybersecurity Information Sharing Act’
Release Date: July 14, 2014 Contact: Liz Pierce, 212.313.1173, lpierce@sifma.org SIFMA Publishes Recommendations for Enhancing Fairness, Stability and Transparency in US Equity Markets New York, NY, July 14, 2014– SIFMA … Continue reading SIFMA Publishes Recommendations for Enhancing Fairness, Stability and Transparency in US Equity Markets
Release Date: July 16, 2014 Contact: Alison Hawkins (FSR), 202.589.2427, Alison.Hawkins@FSRoundtable.org Liz Pierce (SIFMA), 212.313.1173, lpierce@sifma.org Laena Fallon (FSF), 202.457.8765, laena.fallon@financialservicesforum.org Sean Oblack (TCH), 202.649.4629, sean.oblack@theclearinghouse.org John Hall (ABA), 202.663.5473, jhall@aba.com Financial … Continue reading Financial Industry: Cybersecurity is a Top Priority for Protecting Customers
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today the formation of a 13-member Arbitration Task Force to consider possible enhancements to its arbitration forum to improve the transparency, … Continue reading FINRA Announces Arbitration Task Force
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
Today, the MSRB filed a rule change with the Securities and Exchange Commission to require that dealers provide Firm Element continuing education annually on municipal securities for registered representatives and … Continue reading MSRB Files Rule Change with SEC for Continuing Education Requirements for Municipal Securities Dealers
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today announced that the Securities and Exchange Commission (SEC) has approved a new rule prohibiting firms and registered representatives from conditioning settlement … Continue reading SEC Approves FINRA Rule to Prohibit Conditioning Settlements on Expungements
Release Date: July 23, 2014 Contact: Liz Pierce, 212.313.1173, lpierce@sifma.org Washington, DC, July 23, 2014- SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, … Continue reading SIFMA Statement on SEC Money Market Fund Reform
Washington D.C., July 23, 2014 — The Securities and Exchange Commission today adopted amendments to the rules that govern money market mutual funds. The amendments make structural and operational reforms … Continue reading SEC Adopts Money Market Fund Reform Rules
The Municipal Securities Rulemaking Board (MSRB) today released for public comment a revised draft rule to establish the core duties of municipal advisors when providing advice on municipal securities transactions … Continue reading MSRB Releases Revised Draft Rule G-42 and Board Meeting Discussion Items
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 … Continue reading Net Capital Computation (Month ending 06/30/2014)
Date: July 24, 2014 Contact: Jennifer A. Galloway, Chief Communications Officer (703) 797-6600 jgalloway@msrb.org MSRB SEEKS APPROVAL TO IMPLEMENT SUPERVISION RULE FOR MUNICIPAL ADVISORS Alexandria, VA – In a major … Continue reading MSRB Seeks Approval to Implement Supervision Rule for Municipal Advisors
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 … Continue reading Outside Business Activity Review (NASD Rule 3050)
Date: July 25, 2014 Contact: Jennifer A. Galloway, Chief Communications Officer (703) 797-6600 jgalloway@msrb.org MSRB TO MAKE KROLL BOND RATINGS AVAILABLE TO THE PUBLIC THROUGH ITS EMMA WEBSITE Alexandria, … Continue reading MSRB to Make Kroll Bond Ratings Available to the Public through its EMMA Website
SIFMA Submits Comments to the Securities and Exchange Commission on FINRA's Arbitrator Definition: SIFMA supported the proposal, claiming, “the dual components of the Proposal thus collectively ensure a balanced approach … Continue reading SIFMA Submits Comments to the Securities and Exchange Commission on FINRA’s Arbitrator Definition
Alexandria, VA – To facilitate access by municipal securities investors, state and local governments and others interested in the municipal market to free, objective educational resources, the Municipal Securities Rulemaking Board … Continue reading MSRB Creates Online Education Center to House Digital Resources about the Municipal Market
Regulatory Notice 14-27 SEC Approves Amendments to Codes of Arbitration Procedure to Require Redaction of Personal Confidential Information from Documents Filed With FINRA Dispute Resolution Effective Date: July 28, 2014 … Continue reading SEC Approves Amendments to Codes of Arbitration Procedure to Require Redaction of Personal Confidential Information from Documents Filed With FINRA Dispute Resolution
Conference Center New York, NY On Tuesday, July 29, SIFMA will host a Consolidated Audit Trail (CAT) Bidder Summit to provide a forum for the six CAT bidders to share … Continue reading SIFMA Consolidated Audit Trail Bidder Summit
MSRB Education and Outreach Seminar Tuesday, July 29, 2014, 2:00 p.m. – 5:00 p.m. CT Conrad Hotel, 521 North Rush Street Chicago, IL 60611 The MSRB will host a public … Continue reading MSRB – Education and Outreach Seminar in Chicago, IL
Regulatory Notice 14-31 SEC Approves FINRA Rule 2081 Regarding Prohibited Conditions Relating to Expungement of Customer Dispute Information Effective Date: July 30, 2014 Executive Summary The SEC has approved FINRA … Continue reading SEC Approves FINRA Rule 2081 Regarding Prohibited Conditions Relating to Expungement of Customer Dispute Information
SIFMA Announces Cybersecurity Resources for Small Firms: Cyber attacks, a real threat to our economic and national security, do not discriminate based on firm size: cybersecurity firm Symantec reports that … Continue reading SIFMA Announces Cybersecurity Resources for Small Firms
6SIFMA and Other Associations Submit Comments to the Securities and Exchange Commission on Structure of MCDC: SIFMA suggested adjusting MCDC’s 5‐10 year look‐back period to determine whether or not issuers … Continue reading SIFMA and Other Associations Submit Comments to the Securities and Exchange Commission on Structure of MCDC
Election Notice 8/1/14 FINRA Announces Nomination Process to Fill Upcoming Vacancies on the National Adjudicatory Council Petitions for Candidacy Due: September 15, 2014 Executive Summary The purpose of this Election … Continue reading FINRA Announces Nomination Process to Fill Upcoming Vacancies on the National Adjudicatory Council
SR-FINRA-2014-028 Proposed Rule Change Relating to Revisions to the Definitions of Non-Public Arbitrator and Public Arbitrator Financial Industry Regulatory Authority, Inc. ("FINRA") is filing with the Securities and Exchange Commission … Continue reading FINRA Proposed Rule Change Relating to Revisions to the Definitions of Non-Public Arbitrator and Public Arbitrator
The SEC requests comment on a proposal to adopt additional rules addressing quotation requirements for unlisted equity securities and to delete the OTC Bulletin Board rule series and discontinue operation … Continue reading SEC Requests for Comment on FINRA Rules – to Adopt Additional Rules addressing quotation requirements
SR-FINRA-2014-026 Proposed Rule Change to Amend the Codes of Arbitration Procedure to Increase Arbitrator Honoraria by Increasing Arbitration Filing Fees, Member Surcharges and Process Fees and Hearing Session Fees Financial … Continue reading FINRA Proposed Rule Change to Amend the Codes of Arbitration Procedures
C & L Regional Seminar: August 6, 2014 - Charles Schwab Convention Center - San Francisco We cordially invite you to attend the SIFMA Compliance & Legal Society San Francisco … Continue reading SIFMA Compliance and Legal Society San Francisco Regional Seminar
Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced new officers and Board of Directors members who will begin their terms on October 1, 2014. The Board makes … Continue reading MSRB Announces New Officers and Board Membersfor Fiscal 2015
The Municipal Securities Rulemaking Board’s (MSRB) request for approval from the Securities and Exchange Commission (SEC) of a proposal to amend MSRB Rule G-3 has been published in the Federal … Continue reading MSRB Filing Rule Change to Rule G-3 on Professional Qualification Requirements
The Municipal Securities Rulemaking Board’s (MSRB) request for approval from the Securities and Exchange Commission (SEC) of proposed MSRB Rule G-44, on supervision and compliance obligations of municipal advisors, and … Continue reading MSRB Request for Approval from SEC of proposed Rule G-44 has been published in the Federal Register
Regional Compliance Events Midwest Des Moines, IA: Compliance Meeting: August 26 North Stamford, CT: Half-Day Compliance Boot Camp: August 7 Woodbridge, NJ: Half-Day Compliance Boot Camp: August 14 South Dallas, … Continue reading FINRA Regional Compliance Meeting for the Northeast
In April, FINRA initiated a retrospective rule review by issuing two Regulatory Notices (14-14 and 14-15) requesting comment on the effectiveness and efficiency of FINRA's communications with the public rules, … Continue reading FINRA – Retrospective Rule Review Surveys
The second-quarter data tables for the TRACE Fact Book are now available. The tables include aggregated information for securitized products as well as corporate and agency debt securities, including trades … Continue reading 2Q 2014 TRACE Fact Book Now Available
FINRA and the Wharton School offer the Certified Regulatory and Compliance Professional (CRCP) Program—an executive education experience that covers the theory and practical application of securities laws and regulation through … Continue reading FINRA and the Wharton School offer CRCP Program
Regional Compliance Events Midwest Des Moines, IA: Compliance Meeting: August 26 North Stamford, CT: Half-Day Compliance Boot Camp: August 7 Woodbridge, NJ: Half-Day Compliance Boot Camp: August 14 South Dallas, … Continue reading FINRA Regional Compliance Meeting for the South – Half-Day Compliance Boot Camp
The SEC requests comment on an amendment to a proposal relating to per share estimated valuations for unlisted DPP and REIT securities. The comment period expires August 12, 2014. See … Continue reading SEC Requests for Comment on an Amendment Relating to Per Share Estimated Valuations
Regulatory Notice 14-32 FINRA Amends FINRA Rule 9120 and the Definition of “Hearing Officer” Implementation Date: August 12, 2014 Executive Summary FINRA has amended the definition of “Hearing Officer” to … Continue reading FINRA Amends FINRA Rule 9120 and the Definition of “Hearing Officer”