FINRA Small Firms Conference – Hybrid
The Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules
Tag Archives: FINRA
2024 FINRA Annual Conference
The Annual Conference provides the opportunity for practitioners, peers and regulators to exchange ideas on today’s most timely compliance and regulatory topics. The conference offers a broad range of topics … Continue reading 2024 FINRA Annual Conference
2023 FINRA Annual Conference
The Annual Conference provides the opportunity for practitioners, peers and regulators to exchange ideas on today’s most timely compliance and regulatory topics. The conference offers industry professionals a variety of … Continue reading 2023 FINRA Annual Conference
2022 FINRA Annual Conference
The Annual Conference provides the opportunity for practitioners, peers and regulators to exchange ideas on today’s most timely compliance and regulatory topics. The conference offers industry professionals a variety of … Continue reading 2022 FINRA Annual Conference
FINRA Small Firms Conference
The Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules
FINRA Proposes Rule Restricting Registered Reps Being Named a Beneficiary, Executor or Trustee
The Financial Industry Regulatory Authority (“FINRA”) has announced a proposed rule to limit any associated person of a member firm who is registered with FINRA (each a “registered person”) from … Continue reading FINRA Proposes Rule Restricting Registered Reps Being Named a Beneficiary, Executor or Trustee
FINRA Board of Governors Meeting – February/March 2019
FINRA’s Board of Governors met on Feb. 28 and March 1 in Boca Raton, Florida, where it discussed the organization’s finances, reviewed several significant technology and other capital initiatives, and … Continue reading FINRA Board of Governors Meeting – February/March 2019
FINRA Podcast – Member Relations & Education: Making Regulation Smarter
As a self-regulatory organization, FINRA is uniquely positioned to gain meaningful insights from its members to help ensure FINRA’s regulatory programs are working for everyone. Tasked with maintaining that relationship … Continue reading FINRA Podcast – Member Relations & Education: Making Regulation Smarter
FINRA’s 2018 Examination Findings Report Targets Private Placement
The Financial Industry Regulatory Authority’s (“FINRA”) 2018 Examination Findings Report regarding broker-dealer (“firms” or “members”) examinations made it clear that it had targeted due diligence for private placements as a … Continue reading FINRA’s 2018 Examination Findings Report Targets Private Placement
FINRA Special Election – National Adjudicatory Council
FINRA is conducting a Special Election to fill a Small Firm Vacancy on the National Adjudicatory Council. Petitions for candidacy are due December 13, 2018. Any eligible individual who obtains … Continue reading FINRA Special Election – National Adjudicatory Council
FINRA CTCI migration conference call
FINRA is hosting a CTCI migration conference call on Wednesday, Dec. 5, 2018, 2-3 p.m. Eastern Time, to discuss the upcoming migration. Effective Feb. 3, 2020, FIX will be the … Continue reading FINRA CTCI migration conference call
FINRA Options Industry Regulatory Conference
During the meeting, FINRA surveillance and examination staff will discuss regulatory priorities and recent findings. To register, please click on the link below and follow the detailed instructions. You will … Continue reading FINRA Options Industry Regulatory Conference
FINRA Renewal Program – Final Statement Payment Deadline
DEADLINE for receipt of Final Statement payments. Firms with sufficient monies in their Flex- Funding Account will have funds automatically transferred to their Renewal Account to cover total renewal fees … Continue reading FINRA Renewal Program – Final Statement Payment Deadline
FINRA Renewal Program – Final Statement Available
Web CRD and IARD are available with complete functionality as of 5 a.m., ET, including submitting form filings and approving registrations. • Overpayments are transferred to firms’ Flex-Funding Account. Refund … Continue reading FINRA Renewal Program – Final Statement Available
FINRA Renewal Program – CRD & IARD Unavailable
Web CRD and IARD are unavailable due to renewals processing.
FINRA Renewal Program – Post Dated Submissions
Firms may begin to submit post-dated Forms U5 and BR Closing/Withdrawal, which must be dated 12/31/2018.
FINRA Renewal Program – U5 & BR Closing Submissions
Firms may begin to submit post-dated Form U5 and BR Closing/Withdrawals, which must be dated 12/31/18.
FINRA New York Region Member Forum
The New York Region Member Forum is a half-day event designed to provide financial professionals associated with FINRA member firms in the New York Region the opportunity to engage in … Continue reading FINRA New York Region Member Forum
FINRA Anti-Money Laundering (AML) Half-Day Seminar – Boca Raton
FINRA’s Anti-Money Laundering (AML) Half-Day Seminars provide attendees with information on the fundamentals of money laundering and money laundering typologies, relevant rules and regulations, and monitoring for suspicious activity. Each … Continue reading FINRA Anti-Money Laundering (AML) Half-Day Seminar – Boca Raton
FINRA Requests Comments: Technology Based Innovations for Regulatory Compliance ( “RegTech”)
FINRA released a white paper outlining recent regulatory technology (RegTech) developments within the securities industry and potential opportunities and implications these technologies may have for broker-dealers. FINRA highlights five areas … Continue reading FINRA Requests Comments: Technology Based Innovations for Regulatory Compliance ( “RegTech”)
FINRA Requests Comment on a Proposal to Expand OTC Equity Trading Volume Data Published on FINRA’s Website
FINRA requests comment on a proposal to expand the summary firm data relating to over-the-counter (OTC) equity trading that FINRA publishes on its website by (1) publishing on a one-month … Continue reading FINRA Requests Comment on a Proposal to Expand OTC Equity Trading Volume Data Published on FINRA’s Website
FINRA Requests Comment on Enhancements Under Consideration by the Securities Industry/Regulatory Council on Continuing Education
FINRA requests comment from member firms and other interested parties on enhancements to the Securities Industry Continuing Education Program (CE Program) under consideration by the Securities Industry/Regulatory Council on Continuing … Continue reading FINRA Requests Comment on Enhancements Under Consideration by the Securities Industry/Regulatory Council on Continuing Education
FINRA Restructures Qualification Examination Program
The Financial Industry Regulatory Authority’s (‘FINRA”) restructured qualification examination program will become effective on October 1, 2018, and it will then require that all new representative-level applicants be required to take a … Continue reading FINRA Restructures Qualification Examination Program
FINRA Requires Principal Financial Officer and Principal Operations Officer
Financial Industry Regulatory Authority (FINRA) Regulatory Notice 17-30 noted that the Securities and Exchange Commission (SEC) had approved new registration and qualification rules for FINRA, including that members are required … Continue reading FINRA Requires Principal Financial Officer and Principal Operations Officer
NYSE Proposes to Drop FINRA Membership Requirement
The Securities and NYSE Commission (SEC) has published notice to solicit comments on a proposed rule change from the New York Stock NYSE LLC (NYSE) to amend Rule 2 to … Continue reading NYSE Proposes to Drop FINRA Membership Requirement
Simplified Arbitration Approved by SEC
The Code of Arbitration Procedure for Customer Disputes (Customer Code) and the Code of Arbitration Procedure for Industry Disputes (Industry Code, and together with the Customer Code, the Codes) have … Continue reading Simplified Arbitration Approved by SEC
FINRA Provides Background Investigation of Public Financial Records
FINRA is making enhancements to its disclosure review process that will permit firms to rely on FINRA’s background investigation and verification process for purposes of compliance with the requirement to … Continue reading FINRA Provides Background Investigation of Public Financial Records
FINRA 2018 Regulatory and Examination Priorities Letter
The 2018 Regulatory and Examination Priorities Letter is an affirmation that the coming year will bring both continuity and change in FINRA’s regulatory programs. The continuity comes, first in the … Continue reading FINRA 2018 Regulatory and Examination Priorities Letter
FINRA Proposes New Rule on Outside Business Activities and Private Securities Transactions
FINRA seeks comments on a proposed new rule to consolidate FINRA Rule 3270 (Outside Business Activities of Registered Persons) and FINRA Rule 3280 (Private Securities Transactions of an Associated Person). … Continue reading FINRA Proposes New Rule on Outside Business Activities and Private Securities Transactions
FINRA Registration and Disclosure Boot Camp
The FINRA Registration and Disclosure Boot Camp is beneficial to those who are new to reporting Disclosure information in Web CRD or those who want to receive refresher training and … Continue reading FINRA Registration and Disclosure Boot Camp
FINRA Registration and Disclosure Boot Camp
The FINRA Registration and Disclosure Boot Camp is beneficial to those who are new to reporting Disclosure information in Web CRD or those who want to receive refresher training and … Continue reading FINRA Registration and Disclosure Boot Camp
FINRA AML Half-Day Seminar
FINRA’s AML Half-Day Seminars provide attendees with information on the fundamentals of money laundering and money laundering typologies, relevant rules and regulations, and monitoring for suspicious activity. Each seminar provides … Continue reading FINRA AML Half-Day Seminar
FINRA Requests Comments on Proposed Amendments to FINRA Rule 4521
FINRA is seeking comment on 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 … Continue reading FINRA Requests Comments on Proposed Amendments to FINRA Rule 4521
Is There a Place for Non-Attorney Representation Firms in Arbitration?
The FINRA Codes of Arbitration and Mediation Procedure (“Codes”) permits non-attorney representation of clients in securities arbitration and mediation subject to certain exceptions. FINRA is currently conducting a review of … Continue reading Is There a Place for Non-Attorney Representation Firms in Arbitration?
Firm Fined $1.25 Million for Failure to Run Adequate Background Checks
The Financial Industry Regulatory Authority (FINRA) announced it has fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600, or 95 … Continue reading Firm Fined $1.25 Million for Failure to Run Adequate Background Checks
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 … Continue reading Pearson Vue – Last Day to Provide FINRA Exams
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 … Continue reading Deadline for Comments on Regulatory Notice 17-34 – Arbitration Procedures
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 … Continue reading Deadline for Comments on Regulatory Notice 17-33 – Code of Arbitration
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.
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.
FINRA 2018 Final Renewal Statement Due
Full payment of Final Statements is due.
Final 2018 Renewal Statements Available
Final Statements for 2018 Renewal Program are available in E-Bill.
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 … Continue reading Full payment of FINRA Preliminary Statement Due
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 … Continue reading FINRA 2018 Preliminary Statements Available
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 … Continue reading FINRA 2018 Renewal Program – Preliminary Statement Filings
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.
FINRA Board Approves Rule Proposals on Low Risk Branch Exams and Expanded BrokerCheck Discosures
At the September FINRA Board of Governors meeting, the Board authorized publishing for comment two proposed rulemaking items. One would permit firms to use technology to conduct remote inspections of … Continue reading FINRA Board Approves Rule Proposals on Low Risk Branch Exams and Expanded BrokerCheck Discosures
FINRA Offers Compliance Vendor Directory
The Financial Industry Regulatory Authority (FINRA) has issued a Compliance Vendor Directory for its members as a new resource for firms searching for vendors that offer compliance-related products and services. … Continue reading FINRA Offers Compliance Vendor Directory
Entitlement Password Requirements
FINRA has updated its password requirements for users of systems that participate in FINRA’s Entitlement Program. No immediate action is required at this time by users as existing passwords will … Continue reading Entitlement Password Requirements
FINRA Annual Meeting of Firms
FINRA will conduct its annual meeting of firms on Tuesday, August 22, 2017, at 10 a.m. Eastern Time in the FINRA Visitors Center, 1735 K Street, NW, in Washington, D.C. … Continue reading FINRA Annual Meeting of Firms
Military Spouses Receive Fellowships
The FINRA Investor Education Foundation has awarded fellowships to 50 military spouses seeking to earn their AFC® (Accredited Financial Counselor®) designation to provide military service members and their families one-on-one … Continue reading Military Spouses Receive Fellowships
FINRA360 Comment Period Deadline
The ability of small and large businesses to raise capital efficiently is critical to job creation and economic growth. Broker-dealers play a vital role in helping businesses raise capital through … Continue reading FINRA360 Comment Period Deadline
FINRA Requests Comment on Potential Enhancements to Certain Engagement Programs
FINRA recently announced a new initiative to evaluate various aspects of its operations and programs to identify opportunities to more effectively further its mission. As one of the first steps … Continue reading FINRA Requests Comment on Potential Enhancements to Certain Engagement Programs
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 … Continue reading Personnel Assessment and Gross Income Assessment
FINRA Requests Comment on Equity and Debt Research Rules
FINRA seeks comment on proposed amendments to FINRA Rule 2241 (Research Analysts and Research Reports) and FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports) to create a limited … Continue reading FINRA Requests Comment on Equity and Debt Research Rules
FINRA Requests Comment on FINRA Corporate Financing Rule
FINRA seeks comment on proposed amendments to FINRA Rule 5110 (Corporate Financing Rule – Underwriting Terms and Arrangements) to make substantive, organizational and terminology changes to the rule. The proposal … Continue reading FINRA Requests Comment on FINRA Corporate Financing Rule
FINRA Requests Comments on Rules Impacting Capital Formation
The ability of small and large businesses to raise capital efficiently is critical to job creation and economic growth. Broker-dealers play a vital role in helping businesses raise capital through … Continue reading FINRA Requests Comments on Rules Impacting Capital Formation
District 7- Boca Raton, Florida – Compliance Boot Camp
June 20, 2017 9 a.m. – 1:30 p.m. Half-Day Compliance Boot Camp FINRA District Office 5200 Town Center Circle Suite 200 Boca Raton, FL 33486 (561) 443-8000 $195 View More … Continue reading District 7- Boca Raton, Florida – Compliance Boot Camp
FINRA District 7 Atlanta – District Compliance Events
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 FINRA District 7 Atlanta – District Compliance Events
District 5 New Orleans – District Compliance Events
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 5 New Orleans – District Compliance Events
FINRA Requests Comments to improve Engagement Programs
FINRA is asking for comments regarding its recently announced new initiative to evaluate various aspects of its operations and programs to identify opportunities to more effectively further its mission. As … Continue reading FINRA Requests Comments to improve Engagement Programs
Special Election to Fill FINRA Large Firm Governor Vacancy
FINRA will conduct a special meeting of large member firms on or about Friday, May 19, 2017, to elect one individual to fill a vacant Large Firm Governor seat on … Continue reading Special Election to Fill FINRA Large Firm Governor Vacancy
FINRA Updates the Transparency Services Participant Agreement
FINRA member firms that have an obligation to report over-the-counter secondary market transactions in eligible equity and fixed income securities must submit their transaction reports to the appropriate FINRA facility … Continue reading FINRA Updates the Transparency Services Participant Agreement
FINRA Releases its 2017 Exam Priorities Letter
On January 4, 2017, the Financial Regulatory Authority (FINRA) started the new year with a bang as it published the Regulatory and Examination Priorities Letter (Exam Priorities Letter) for 2017. … Continue reading FINRA Releases its 2017 Exam Priorities Letter
FINRA Proposes New Rules to Protect Seniors
The Financial Industry Regulatory Authority (FINRA) has proposed new rules to address the financial exploitation of seniors and other vulnerable adults to the Securities and Exchange Commission (SEC). As set … Continue reading FINRA Proposes New Rules to Protect Seniors
2017 FINRA Annual Conference
Registration is now open for the 2017 FINRA Annual Conference. Join leaders of firms of all sizes, securities attorneys, government officials, FINRA senior leaders and representatives from other securities regulators … Continue reading 2017 FINRA Annual Conference
FINRA District Compliance Meeting – Ft. Lauderdale, Florida
FINRA 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 … Continue reading FINRA District Compliance Meeting – Ft. Lauderdale, Florida
FINRA District Compliance Meeting – Dallas, Texas
FINRA 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 … Continue reading FINRA District Compliance Meeting – Dallas, Texas
FINRA District Compliance Meeting – Buffalo, New York
FINRA 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 … Continue reading FINRA District Compliance Meeting – Buffalo, New York
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 … Continue reading FINRA 2016 Risk Control Assessment Due
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 … Continue reading Firm Gateway Information Requests System Enhancement
FINRA Board of Governors Election
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 … Continue reading FINRA Board of Governors Election
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 … Continue reading Petition for Candidacy – FINRA Board of Governors
FINRA/SIFMA Senior Investor Conference
Over the next 10-plus years, 10,000 Americans will turn 65 every day, with these investors accounting for more than 75 percent of financial assets in the United States. Seniors’ significant … Continue reading FINRA/SIFMA Senior Investor Conference
2016 Fixed Income Conference
FINRA’s Fixed Income Conference focuses on current market impacts on fixed income, and how regulators and firms are responding. Featured topics include: Evolving Bond Market Structure Key FINRA Regulatory Developments … Continue reading 2016 Fixed Income Conference
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 … Continue reading FINRA Announces CEO Transition
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 … Continue reading National Adjudicatory Council Changes
FINRA Issues Small Firm Cybersecurity Checklist
The Financial Industry Regulatory Authority (FINRA) announced at its recent 2016 Annual FINRA Conference in Washington DC that it has created a Cybersecurity Checklist to assist small member firms in establishing … Continue reading FINRA Issues Small Firm Cybersecurity Checklist
Creating & Articulating Firm Culture For FINRA
FINRA executives have been speaking regularly about conflicts of interest, firm culture and professional ethics. Firm cultural values have a profound influence on how a broker-dealer conducts its business, including … Continue reading Creating & Articulating Firm Culture For FINRA
Comment Period Ends May 6, 2016 on the Proposed Capital Acquisition Broker Rules
The Financial Industry Regulatory Authority (“FINRA”) has proposed the creation of a separate rule set that would apply to firms that meet the definition of a ‘‘capital acquisition broker’’ (“CAB”) and … Continue reading Comment Period Ends May 6, 2016 on the Proposed Capital Acquisition Broker Rules
The Pressure to Shorten the Settlement Cycle From T+3 to T+2 Has Increased
Since early last year, the Securities Industry and Financial Markets Association(“SIFMA”) and the Investment Company Institute (“ICI”) have publicly supported the shortening of the settlement cycle from trade date plus three … Continue reading The Pressure to Shorten the Settlement Cycle From T+3 to T+2 Has Increased
2016 FINRA Small Firm Conference
The 2016 FINRA Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules. Each session begins with a FINRA staff member highlighting key requirements of a … Continue reading 2016 FINRA Small Firm Conference
District 4 Kansas City – District Compliance Event
FINRA District 4 has scheduled a District Compliance Event for FINRA members.
District 1 San Francisco – District Compliance Meeting
District 1 San Francisco – District Compliance Meeting
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 … Continue reading Comment Period Ends on Proposed FINRA Rules Amendments Related to Conversaion T+2 Settlement Cycle
FINRA Designates Chief Information Security Officer as New Role
FINRA maintains contact information records of all Executive Representatives, Chief Compliance Officers and other individuals at firms, including contacts that are required under FINRA rules and By-Laws, and others that … Continue reading FINRA Designates Chief Information Security Officer as New Role
FINRA Releases New Written Supervisory Procedures Checklist
FINRA has released an updated Written Supervisory Procedures Checklist to reflect new FINRA rules. The Written Supervisory Procedures Checklist (“WSP Checklist”) is an outline of selected key topics representative of … Continue reading FINRA Releases New Written Supervisory Procedures Checklist
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 … Continue reading FINRA Diversity Summit
FINRA Proposes New Registration Category for Corporate Financing Brokers
The Financial Industry Regulatory Authority (“FINRA”) has announced a proposed new set of rules that address the needs of FINRA member firms that are solely corporate financing firms that advise … Continue reading FINRA Proposes New Registration Category for Corporate Financing Brokers
FINRA Proposes “Pay-To-Play” Rules
The Financial Industry Regulatory Authority, Inc. (“FINRA”) has filed a proposed rule change to adopt FINRA Rules 2030 (Engaging in Distribution and Solicitation Activities with Government Entities) and 4580 (Books … Continue reading FINRA Proposes “Pay-To-Play” Rules
Form OBS Quarterly filing due for Q1 2019 ( March 31, 2019)
Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items (Form OBS) Unless subject to the de minimus exception, carrying and clearing firms must file Form OBS on a quarterly … Continue reading Form OBS Quarterly filing due for Q1 2019 ( March 31, 2019)
Quarterly Form Custody Filing Due
Firms are required to file Form Custody pursuant to SEC Rule 17a-5(a)(5).
FINRA Rule 2210 Amended to Require BrokerCheck Website Hyperlink
The Financial Industry Regulatory Authority (FINRA) announced in Regulatory Notice 15-50 that the Securities and Exchange commission approved amendments to FINRA Rule 2210 (Communications with the Public) that become effective … Continue reading FINRA Rule 2210 Amended to Require BrokerCheck Website Hyperlink
Firm Fined $2.6 Million for Failures in Electronic Records and Email Retention
The Financial Industry Regulatory Authority (FINRA) has fined Scottrade, Inc. $2.6 million for failing to retain a large number of securities-related electronic records in the required format, and for failing … Continue reading Firm Fined $2.6 Million for Failures in Electronic Records and Email Retention
SEC Reduces Form U5 Wait Period to 3 Days on BrokerCheck
The Securities and Exchange Commission has approved a change to FINRA Rule 8312 (FINRA BrokerCheck Disclosure) which will reduce the waiting period from 15 days to three business days for … Continue reading SEC Reduces Form U5 Wait Period to 3 Days on BrokerCheck
FINRA Proposes Amendments to the Funding Portal Rules
The Financial Industry Regulatory Authority, Inc. (“FINRA”) has filed with the Securities and Exchange Commission (“SEC”) a proposed rule change to adopt Funding Portal Rules 100, 110, 200, 300, 800, … Continue reading FINRA Proposes Amendments to the Funding Portal Rules
Comment Period is Open on FINRA’s Proposed Rule Amendments to Address the Financial Exploitation of Seniors
FINRA’s experience with its Securities Helpline for Seniors has highlighted issues relating to financial exploitation of this group of investors. Among these issues is a firm’s ability to quickly and … Continue reading Comment Period is Open on FINRA’s Proposed Rule Amendments to Address the Financial Exploitation of Seniors
FINRA’s Top 3 Regulatory Concerns for 2016 Examination Focus
Richard Ketchum, Chairman and CEO of the Financial Industry Regulatory Authority (FINRA), shared his thoughts on the top 3 regulatory concerns for 2016 recently at the SIFMA Annual Conference. His … Continue reading FINRA’s Top 3 Regulatory Concerns for 2016 Examination Focus
Effective Date: Electronic Submission of Subordinated Loan Requests
FINRA 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.
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.