Please be advised that if the broker-dealer is registered in the State of Illinois, you will receive (or have received) a 2 page letter from Illinois requesting verification that the Designated Principal on their records is accurate. One page of the document will be the Designation of Principal form, which is required to be edited … Continue reading Illinois Renewal for Dealers →

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

Date: November 10 - 15, 2013 Designed for the high-potential executive, Week II of the FINRA Institute at Wharton program delivers a comprehensive and rigorous course of instruction on the foundation, theory and practical application of securities laws and regulation. The program draws on the expertise of Wharton faculty, senior regulators and industry practitioners and … Continue reading FINRA Institute at Wharton – Week II →

Beginning November 11,2013, Preliminary Renewal Statements are available for viewing and printing on Web CRD/IARD.

Date: November 11 - 12, 2013 Our Annual Meeting brings leaders of the financial services industry together with prominent policymakers, thought leaders and financial media. Featuring keynote speakers President Bill Clinton and Governor Jeb Bush, join us to explore the role of financial services in providing the capital to fuel the U.S. economy and enhance … Continue reading SIFMA Annual Meeting & Tribute Dinner 2013 →

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

Notice of FINRA District Committee Elections and Ballots Ballots Due: November 15, 2013 Executive Summary The purpose of this Notice is to inform firms of the upcoming elections to fill vacancies on the FINRA District Committees and distribute ballots to the firms eligible to vote in these elections. Firms that are members of FINRA as … Continue reading Notice of FINRA District Commitee Elections & Ballots →

Notice of SFAB Election and Ballots Ballot Due Date: November 15, 2013 Executive Summary The purpose of this Notice is to distribute to eligible FINRA small firms the ballots to elect a New York Region member of the Small Firm Advisory Board (SFAB). FINRA small firm members in the New York Region as of the … Continue reading Notice of SFAB Election & Ballots →

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.

Date: November 28, 2013 www.finra.org/AboutFINRA/HolidaySchedule

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) →

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 09/30/2013) →