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
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 forms to credit ratings by nationally recognized statistical rating organizations (NRSROs). The changes were required by the Dodd-Frank Wall Street Reform and Consumer Protection Act … 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 daily account in conjunction with year-end renewal processing. Refund requests are made from this account.
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 Accounts. Refund requests should be made from this account. Final Renewal Statements and reports are available for viewing and printing.
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 firms; (2) add questions relating to space sharing arrangements and the location of books and records that are currently only in Section 6 and make … Continue reading SEC Requests Comments: Uniform Branch Registration Form
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.
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 intensive instruction, discussion and case studies. The program is comprised of two weeklong residential courses at the Wharton campus in Philadelphia. Week I – August … Continue reading Registration Date for lower rates to the CRCP Program at Wharton
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 to FINRA by December 13, 2013, may cause the firm to become ineligible to do business in the jurisdictions where it is registered, effective January … 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 municipal securities activities to participate in a minimum of one hour of Firm Element continuing education on municipal securities topics annually. The MSRB has completed … 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 they serve, in the United States and abroad, have a global outlook yet must consider the local regulations and issues when conducting business. From the … 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 Group's (TMPG) recommendation regarding the margining in forward-settling agency MBS trading. Speakers and participants will: Troubleshoot implementation issues Discuss the next steps for margining on … 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 Exchange Commission on Friday said they are reviewing whether it would be appropriate and consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act … 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 since the last comprehensive revision of the ADF rules, and to conform the ADF trade reporting rules, to the extent practicable, to current FINRA rules … 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 this free WebEx and conference call, FINRA staff: discuss in detail the major changes and enhancements to ORF; review factors that firms will need to … 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 Voice Recording and Recordkeeping Requirements including mobile recording, searchability, and privacy concerns. Trade Reconstruction and Recordkeeping, including, streaming quotes retention, execution information and rules for … 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 $3.7 trillion municipal securities market, will discuss development of new regulations for professionals that provide financial advice to state and local governments, among other topics. … 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 and provide practical guidance for implementing effective compliance programs to address money laundering and other financial crimes. Anti-money laundering compliance is an integral part of a … 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 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 … Continue reading Outside Business Activity Review (NASD Rule 3050)