Renewal Dates for FINRA 2018 Preliminary Statement Begin
FINRA Firms may begin submitting post-dated Form U5 and BR Closing/Withdrawal filings via Web CRD/IARD.
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FINRA District Compliance Meeting – District 10 New York
Designed for compliance and legal professionals, 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. October 24, 2017 9 a.m. – 10:30 a.m. District Compliance Meeting United Federation of Teachers … Continue reading FINRA District Compliance Meeting – District 10 New York
Quarterly FOCUS and SSOI Filing (Quarter ending 09/30/2017)
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
FINRA District Compliance Meeting – District 11 Boston
Federal Reserve Bank of Boston 600 Atlantic Avenue, Boston, MA, United StatesDesigned 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. October 25, 2017 9:30 a.m. – 12:30 p.m. District Compliance Meeting … Continue reading FINRA District Compliance Meeting – District 11 Boston
Outside Business Activities Review
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 Activities Review
Disclosure of Order Routing Practices (SEC Rule 606) (Q3 2017)
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) (Q3 2017)
Quarterly SSOI Supplemental FOCUS Information (Quarter ending 09/30/2017)
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
Annual Audit Filing Due Date (Period Ending 08/31/2017)
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 08/31/2017)
MSRB Rule G-37 Quarterly Reporting Deadline
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 Quarterly Reporting Deadline
FINRA 2018 Renewal Program
Firms may begin submitting post-dated Form BDW and ADV-W filings via Web CRD/IARD. Registrations terminated by post-dated filings submitted by 11 p.m., Eastern Time (ET), November 10, 2017, do not appear on the firm’s Preliminary Statement. The only allowed date for post-dated filings is December 31, 2017.
C&L Society New York Regional Seminar
Marriott Marquis 901 Massachusetts Avenue NW, Washington, D.C., DC, United StatesJoin several hundred of your colleagues at the C&L Society Regional Seminar in New York City on November 2nd at the Marriott Marquis. This one day seminar will feature presentations by leading securities regulators and industry professionals. CLE credits will be offered.
Internal Auditors Society Annual Conference
The Westin Ft. Lauderdale 400 Corporate Drive, Ft. Lauderdale, FL, United StatesThe SIFMA Internal Auditors Society (IAS) Annual Conference will examine how the Internal Audit, Risk Management and Compliance roles are evolving and responding to change and uncertainty on a global level.
FINRA AML Seminar – District 7 – Boca Raton, Florida
FINRA Boca Raton District Office 5200 Town Center Circle Suite 200, Boca Raton, FL, United StatesDesigned 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. November 7, 2017 9 a.m. – 2 p.m. AML Half-Day Seminar FINRA Boca Raton District Office 5200 Town Center Circle, Suite 200 Boca … Continue reading FINRA AML Seminar – District 7 – Boca Raton, Florida
2017 FINRA Small Firm Conference
Fairmont Miramar Hotel & Bungalows 101 Wilshire Boulevard, Santa Monica, CAThe Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules. Throughout the event, attendees have the opportunity to discuss small firm issues with FINRA senior staff. Location Fairmont Miramar Hotel & Bungalows, Santa Monica 101 Wilshire Boulevard Santa Monica, CA 90401 Tel: (866) 964-7262 Accomodations A room block has … Continue reading 2017 FINRA Small Firm Conference
FINRA 2018 Renewal Program – Preliminary Statement Filings
Firms may begin submitting post-dated Form BDW and ADV-W filings via Web CRD/IARD. Registrations terminated by post-dated filings submitted by 11 p.m., Eastern Time (ET), November 10, 2017, do not appear on the firm’s Preliminary Statement. The only allowed date for post-dated filings is December 31, 2017.
C&L Society Chicago Breakfast
Mesirow Financial 353 North Clark Street, Chicago, IL, United StatesThe SIFMA Compliance & Legal Society will host a breakfast in Chicago on November 10, 2017 at Mesirow Financial. For registration questions, please contact SIFMA Compliance & Legal Society.
SIFMA FMS Fundamental Training Securities Operations
SIFMA Conference Center New York City, NY, United StatesThe session will cover the life-cycle of a trade from booking through its accounting on books and records. The session will also cover control environments around securities operations and will be aimed at junior Operations and Finance members as a way to show how the trade life cycle relates to regulatory and financial reporting. Pillars … Continue reading SIFMA FMS Fundamental Training Securities Operations
FINRA Institute at Wharton CRCP Program
The Wharton School of the University of Pennsylvania. University of Pennsylvania, Philadelphia, PA, United StatesThe FINRA Institute at Wharton's Certified Regulatory and Compliance ProfessionalTM (CRCPTM) Program provides a comprehensive core of knowledge on securities regulation and the day-to-day application of those rules and regulations. The program comprises two week-long residential courses that are delivered at the Wharton School, University of Pennsylvania campus in Philadelphia. Participants benefit from instruction delivered … Continue reading FINRA Institute at Wharton CRCP Program
FINRA 2018 Preliminary Statements Available
Firms may begin submitting post-dated Form BDW and ADV-W filings via Web CRD/IARD. Registrations terminated by post-dated filings submitted by 11 p.m., Eastern Time (ET), November 10, 2017, do not appear on the firm’s Preliminary Statement. The only allowed date for post-dated filings is December 31, 2017. Preliminary Statements are available in E-Bill.
FINRA AML Seminar – District 10 – New York
FINRA New York District Office Brookfield Place 200 Liberty Street, New York, United StatesDesigned for compliance and legal professionals, 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. November, 13 2017 9 a.m. – 2 a.m. AML Half-Day Seminar FINRA New York District … Continue reading FINRA AML Seminar – District 10 – New York
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
FINRA Holiday: Day before Thanksgiving Day Early close ( 3:00 p.m.)
FINRA operates Monday - Friday during regular business hours. FINRA is closed whenever the markets are closed. In addition, FINRA and financial markets may close early the day before a holiday. http://www.finra.org/AboutFINRA/HolidaySchedule
Outside Business Activities Review
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 Activities Review
FINRA Holiday: Day after Thanksgiving Day ( 1:00 p.m. early close)
FINRA operates Monday - Friday during regular business hours. FINRA is closed whenever the markets are closed. In addition, FINRA and financial markets may close early the day before a holiday. http://www.finra.org/AboutFINRA/HolidaySchedule
Monthly & Fifth’ FOCUS IIA Filings (Month ending 10/31/2017)
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 10/31/2017)
Net Capital Computation (Month ending 10/31/2017)
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.
Annual Audit Filing Due Date (Period Ending 09/30/2017)
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 09/30/2017)
SEC Covered Securities Amendment to Rule 146
The Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) is adopting an amendment to Rule 146 under Section 18 of the Securities Act of 1933, as amended (‘‘Securities Act’’), to designate certain securities listed, or authorized for listing, on Investors Exchange LLC (‘‘IEX’’ or ‘‘Exchange’’) as covered securities for purposes of Section 18(b) of the Securities … Continue reading SEC Covered Securities Amendment to Rule 146
Listed Options Symposium
SIFMA Conference Center New York City, NY, United StatesSIFMA’s Listed Options Symposium brings together industry leaders, representing various roles across the market segment, for in-depth discussions on the state of the options market, and the challenges and opportunities facing investors and market participants. Participate in-person in New York City or via webcast.
Short Interest Reporting Due
FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
2017 South Region Compliance Seminar
Marriot Harbor Beach Resort & Spa 3030 Holiday Drive, Ft. Lauderdale, FL, 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. Location Marriott Harbor … Continue reading 2017 South Region Compliance Seminar
Customer Margin Balance Due
FINRA Rule 4521 requires member firms that carry customer margin accounts to submit debit and credit balances and all securities margin accounts.
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
PCAOB Adopts New Rules for Audit Reports
The Public Company Accounting Oversight Board (PCAOB) has adopted new rules and amendments to auditing standards (collectively, the "proposed rules") to make the auditor's report more informative and relevant to investors and other financial statement users. The text of the proposed rules appears in Exhibit A to the SEC Filing Form 19b-4 and is available … Continue reading PCAOB Adopts New Rules for Audit Reports
Full payment of FINRA Preliminary Statement Due
FINRA must receive full payment of the Preliminary Statement fees by December 18, 2017. If payment is not received by December 18, 2017, FINRA-registered firms will be assessed a Renewal Late Fee. FINRA includes this late fee as part of the Final Statement and calculates the fee as follows: 10 percent of a firm’s cumulative … Continue reading Full payment of FINRA Preliminary Statement Due
Deadline for Comments on Regulatory Notice 17-33 – Code of Arbitration
FINRA seeks comments on emerging issues facing the industry, regulatory initiatives, rulemaking proposals, and other areas of regulatory interest. When respondents are no longer in business, recovery of arbitration awards against them often is unavailing. Accordingly, FINRA is proposing to amend the Code of Arbitration Procedure for Customer Disputes (Code) to expand a customer’s options … Continue reading Deadline for Comments on Regulatory Notice 17-33 – Code of Arbitration
Deadline for Comments on Regulatory Notice 17-34 – Arbitration Procedures
FINRA seeks comments on emerging issues facing the industry, regulatory initiatives, rulemaking proposals, and other areas of regulatory interest. The FINRA Codes of Arbitration and Mediation Procedure permit compensated non-attorneys to represent clients in securities arbitration and mediation subject to certain exceptions. FINRA is conducting a review of the efficacy of continuing to allow such … Continue reading Deadline for Comments on Regulatory Notice 17-34 – Arbitration Procedures
Short Interest Report Due
FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
Monthly & Fifth’ FOCUS IIA Filings (Month ending 11/30/2017)
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 11/30/2017)
Net Capital Computation (Month ending 11/30/2017)
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 Activities Review
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 Activities Review
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
Pearson Vue – Last Day to Provide FINRA Exams
Effective January 1, 2018, Prometric will be the exclusive vendor delivering FINRA and its client exams. December 31, 2017 will be the last day candidates can take their exam at a Pearson VUE testing center. fter you are enrolled to take an examination, FINRA will post a 120-day window in Web CRD in which you can … Continue reading Pearson Vue – Last Day to Provide FINRA Exams
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. http://finra.complinet.com/en/display/display_viewall.html?rbid=2403&element_id=4693&record_id=6093
New Year’s Day – FINRA Holiday
FINRA operates Monday - Friday during regular business hours. FINRA is closed whenever the markets are closed. In addition, FINRA and financial markets may close early the day before a holiday. http://www.finra.org/AboutFINRA/HolidaySchedule
SEC Approves Continuing Education Requirements for Municipal Advisors
The Municipal Securities Rulemaking Board (MSRB) received approval from the Securities and Exchange Commission (SEC) on May 16, 2017 to amend MSRB Rule G-3, on professional qualification requirements, and amend MSRB Rule G-8, on books and records to be made by brokers, dealers, and municipal securities dealers and municipal advisors, to establish continuing education requirements … Continue reading SEC Approves Continuing Education Requirements for Municipal Advisors
DOL’s Fiduciary Rule Transition Period Ends
Impartial Conduct Standards During the transition period, financial institutions and advisers must comply with the "impartial conduct standards" which are consumer protection standards that ensure that advisers adhere to fiduciary norms and basic standards of fair dealing. The standards specifically require advisers and financial institutions to: Give advice that is in the "best interest" of … Continue reading DOL’s Fiduciary Rule Transition Period Ends
Annual Audit Filing Due Date (Period Ending 10/31/2017)
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 10/31/2017)
Final Renewal Statement Availability January 02, 2018
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.
Final 2018 Renewal Statements Available
Final Statements for 2018 Renewal Program are available in E-Bill.
Short Interest Reporting Due Date
FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
FINRA Rule 4530/Customer Complaint Filing Due Dates (Q4 2017)
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 2017)
Martin Luther King Day – Market Holiday
www.finra.org/AboutFINRA/HolidaySchedule
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 2018 Final Renewal Statement Due
Full payment of Final Statements is due.
Quarterly FOCUS and SSOI Filing (Quarter ending 12/31/2017)
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
Net Capital Computation (Month ending 12/31/2017)
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.
Annual FCS Reporting for 2018
FINRA 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 Internet electronic … Continue reading Annual FCS Reporting for 2018
Form Custody Filings ( period ended 12/31/2017)
Firms are required to file Form Custody pursuant to SEC Rule 17a-5(a)(5).
Annual Schedule I Filing for 2017
SEC Rule 17a-10 requires broker-dealers to file Schedule within 17 business days after calendar year-end.
Disclosure of Order Routing Practices (SEC Rule 606) (Q4 2017)
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 2017)
MSRB Update of Primary Contact Information (MSRB G-40)
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 MSRB Update of Primary Contact Information (MSRB G-40)
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 11/30/2017)
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 11/30/2017)
SEC Approves Amendments to MSRB Rule G-26 on Customer Account Transfers
The Municipal Securities Rulemaking Board (MSRB) received approval from the Securities and Exchange Commission (SEC) on July 27, 2017, to amend MSRB G-26, on customer account transfers, to modernize the rule and promote a uniform customer account transfer standard for all brokers, dealers, municipal securities brokers and municipal securities dealers (collectively, "dealers"). The amendments will … Continue reading SEC Approves Amendments to MSRB Rule G-26 on Customer Account Transfers
Quarterly SSOI Supplemental FOCUS Information (Quarter ending 12/31/2017)
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
Supplemental Inventory Schedule (report period end date of 12-31-2017)
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 12-31-2017)
MSRB Rule G-37 Reporting Deadline
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 Deadline
FINRA Updated New Account Application Template
To help firms prepare for recently approved new FINRA Rule 2165 (Financial Exploitation of Specified Adults) and amendments to FINRA Rule 4512 (Customer Account Information) relating to financial exploitation of seniors, FINRA has posted new versions of the voluntary New Account Application template (in both Word and PDF formats). The new rule and amendments go … Continue reading FINRA Updated New Account Application Template
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 Cybersecurity Conference
Mark your calendar—FINRA's Cybersecurity Conference returns February 2018 for candid conversations and in-depth sessions on cybersecurity and strategies for mitigating risk. Join FINRA for expert insights and unparalleled networking with regulators, industry experts and peers.
SIFMA Social Media and Digital Marketing Seminar
Charles Schwab Conference Center 211 Main Street, San Francisco, CA, United StatesSIFMA’s Social Media Seminar is the leading forum for Business, Marketing and Compliance professionals in Wealth Management to explore how to maximize the use of social media platforms while adhering to an ever-changing compliance framework. The 2018 program will feature discussions with the leading names in social media and experts in financial services. Panelists and … Continue reading SIFMA Social Media and Digital Marketing Seminar
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)
Monthly & Fifth FOCUS IIA Filings (Month ending 01/31/2018)
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 01/31/2018)
Net Capital Computation (Month ending 01/31/2018)
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.
Annual Audit Filing Due Date (Period Ending 12/31/2017)
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 12/31/2017)
FINRA Foundation Seeks Applicants for Military Spouse Fellowship
The FINRA Investor Education Foundation Military Spouse Fellowship is accepting applications for its 2018 class of financial Fellows — a unique program designed to increase the financial capability of U.S. service members and their families. The national program offers military spouses the opportunity to earn a career-enhancing credential — the AFC® (Accredited Financial Counselor®) — … Continue reading FINRA Foundation Seeks Applicants for Military Spouse Fellowship
Supplemental Inventory Schedule ( report period end date of 01-31-2018)
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 01-31-2018)
SIPC Assessments (Year ending December 31, 2017) 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 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 December 31, 2017) SIPC 7
FINRA Board of Governors Reviews Goals
FINRA Board 1735 K Street NW, Washington DC, DC, United StatesThe FINRA Board of Governors will meet for the first time in 2018. In keeping with their usual practice for the first meeting of the year, the Board will review FINRA’s annual corporate goals. The Board will also receive an update on FINRA360, the organizational improvement initiative that kicked off last year. In addition, during … Continue reading FINRA Board of Governors Reviews Goals
FINRA Requests Comments: Rule 4521 ( Notifications, Questionnaires, and Reports)
Comments are due March 8, 2018, on FINRA proposed amendments to FINRA Rule 4521 (Notifications, Questionnaires and Reports) that would require specified member firms to notify FINRA no more than 48 hours after specified events that may signal an adverse change in liquidity risk. FINRA also seeks comment on a proposed new Supplemental Liquidity Schedule … Continue reading FINRA Requests Comments: Rule 4521 ( Notifications, Questionnaires, and Reports)
SEC Request for Comment: Code of Arbitration Procedures
The SEC published a proposed rule change to amend FINRA Rules 12600 and 12800 of the Code of Arbitration Procedure for Customer Disputes (''Customer Code'') and 13600 and 13800 of the Code of Arbitration Procedure for Industry Disputes ("Industry Code," and together with the Customer Code, the ''Codes''), to amend the hearing provisions to provide … Continue reading SEC Request for Comment: Code of Arbitration Procedures
2018 West Region Networking Seminar
Le Meridien Delfina Santa Monica 530 Pico Blvd., Santa Monica, California, United StatesThe FINRA West Region Networking Seminar is a half-day event designed to provide financial professionals associated with FINRA member firms in the West Region the opportunity to engage in key discussions with FINRA staff, and connect with industry leaders and peers. The seminar also includes thoughtful discussions around the future landscape of the financial services … Continue reading 2018 West Region Networking Seminar
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
SIFMA C&L Annual Seminar
JW 4040 Central Florida Parkway, Orlando, FL, United StatesSIFMA’s C&L Annual Seminar is the premier event for compliance and legal professionals working in the financial services industry. Celebrating its 50th anniversary, the 2018 Annual Seminar provides a unique opportunity for industry leaders and regulators to gather for three-days of information sharing, collaboration and networking. Throughout the program, participants will hear from the industry’s … Continue reading SIFMA C&L Annual Seminar
Monthly & Fifth FOCUS IIA Filings (Month ending 02/28/2018)
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 02/28/2018)
Net Capital Computation (Month ending 02/28/2018)
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.
SIFMA Operations and Technology Society: Corporate Actions Section DTCC Seminar
SIFMA Conference Center New York City, NY, United StatesJoin the Corporate Actions Section for our annual DTCC Seminar, covering the latest updates in operations, tax, product enhancements and more! All CAS Members are entitled to one complimentary event for 2018 at the SIFMA Conference Center. Interested in using this event as your comp? Email SIFMA Societies at sifma-societies@sifma.org to register.
SIFMA Financial Management Society: Fundamental Training – Net Cap & Customer Protection
SIFMA Conference Center New York City, NY, United StatesJoin the FMS for a fundamental training, where participants can hear from industry participants on the following topics: Discover the origins of Broker/Dealer Financial Responsibility Rules Determination of Net Capital Overview of Customer Protection Learn the requirements for Protection of Customer and PAB Portfolios Understand the Preparation of Customer and PAB Reserve Requirement
Supplementary Inventory Schedule Reporting period end date of 02-28-2018
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 Supplementary Inventory Schedule Reporting period end date of 02-28-2018
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)
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
Annual Attestation for Research Supervisory Procedures NASD Rule 2711(i)
NASD Rule 2711(i) requires that a senior officer of the broker-dealer attest annually to FINRA electronically through the firm Gateway that the broker-dealer has adopted and implemented written supervisory procedures that are reasonably designed to achieve compliance with the rule's provisions and that the compensation of all research analysts was reviewed and approved and the … Continue reading Annual Attestation for Research Supervisory Procedures NASD Rule 2711(i)
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.
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
Annual Audit Filing Due Date (Period Ending 01/31/2018)
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 01/31/2018)
FINRA Requests Comments: Membership Application Program
FINRA is requesting comment on proposed amendments to its Membership Application Program (MAP) rules to create further incentives for the timely payment of arbitration awards by preventing an individual from switching firms, or a firm from using asset transfers or similar transactions, to avoid payment of arbitration awards while staying in business. The amendments would … Continue reading FINRA Requests Comments: Membership Application Program
FINRA Requests Comment on the Application of Certain Rules to Government Securities
FINRA is requesting comment on the application of the following rules to government securities, including U.S. Treasury securities: FINRA Rules 2242 (Debt Research Analysts and Debt Research Reports); 5240 (Anti- Intimidation/Coordination); 5250 (Payments for Market Making); 5270 (Front Running of Block Transactions); 5280 (Trading Ahead of Research Reports); 5320 (Prohibition Against Trading Ahead of Customer … Continue reading FINRA Requests Comment on the Application of Certain Rules to Government Securities
SIFMA Internal Auditors Society Seminar: Stay Strong fo 2018
SIFMA Conference Center New York City, NY, United StatesIn 2018, prevalent and emerging risks are creating a significant impact across the securities and financial services industries. Some of the key emerging risks include: industry-wide cyber-attacks, retrospective exposures, blockchain technology, cryptocurrency concerns, data privacy, audit coverage risk, and faulty data. As a result, financial organizations need to navigate these related and challenging risks associated … Continue reading SIFMA Internal Auditors Society Seminar: Stay Strong fo 2018