Events listed in FINRA Rules
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; ...
ID 23882
The U.S. Securities and Exchange Commission, SEC, has published a statement in the Federal Register to inform that it will take more time „to determine whether to approve or disapprove“ a proposed rule change by the Financial Industry Regulatory Authority, FINRA, as regards the addition of a new firm to its list of registered and permitted alternative display facilities setting out quotes for market ...
SR-FINRA-2023-009
ID 23860
In view of the U.S. Securities and Exchange Commission’s intention to limit the proprietary trading exemption for U.S. brokers and dealers as regards the registration requirement with FINRA (please see EventID 16739 for more information), FINRA launched a consultation with member firms back in December 2022 in which it sought comments on its proposal to „exclude from FINRA’s Trading Activity Fee [TAF] transactions by ...
Regulatory Notice 23-11
ID 23670
The Financial Industry Regulatory Authority, FINRA, has launched a consultation on a proposed new rule as regards the liquidity risk management of FINRA member firms. Specifically, FINRA seeks to implement new Rule 4610, entitled „Liquidity Risk Management,“ which would establish requirements for member organizations in relation to maintaining sufficient liquidity. The rule would apply to (1) carrying members with $25 million or more in ...
Regulatory Notice 23-10
ID 23496
The Financial Industry Regulatory Authority, FINRA, has launched a new consultation pertaining to the reporting of the so-called Rule 605 reports which market centers have to publish on a monthly basis to inform of their order execution activity. The reports thereby summarize monthly trading activity in NMS stocks. The reports must be made publicly available in an electronic format on market center dedicated website ...
Regulatory Notice 23-08
ID 23164
The Financial Industry Regulatory Authority (FINRA) has published a new Regulatory Notice (Regulatory Notice 23-08) addressed at member firms in connection with their obligations when selling or recommending private placements. Specifically, in view of recent developments in the private placement market, FINRA finds it necessary to again highlight its expectations particularly as regards the SEC’s Regulation Best Interest (REG BI) and FINRA Rule 2111 ...
Regulatory Notice 23-09
ID 23163
The Financial Industry Regulatory Authority, FINRA, has launched a high level consultation (Regulatory Notice 23-09) on ways to further improve capital raising possibilities in the U.S. financial market without compromising investor protection and financial market stability. In detail, FINRA seeks feedback from member firms as to the efficiency and adequacy of its current rules and possible modifications to achieve before mentioned objective. Before raising ...
Regulatory Notice 23-07
ID 23074
Following a corresponding consultation in 2022, the Financial Industry Regulatory Authority, FINRA, has now published on its website its final rule amendment to FINRA Rule 8312 as regards disclosures on BrokerCheck®. BrokerCheck® is FINRA’s online tool to research the background and experience of financial brokers, advisers, and firms that are members of FINRA. Specifically, FINRA is now extending the disclosures made on BrokerCheck® to ...
Information Notice – 4/27/23
ID 23017
The Financial Industry Regulatory Authority, FINRA, has published an Information Notice (Notice 04/27/23) to inform member firms of the availability of a new Options Disclosure Document (ODD). The document was created and updated by the Options Clearing Corporation and contains „general disclosures on the characteristics and risks of trading standardized options“. It thereby covers various issues, including the different types of options available to ...
SR-FINRA-2023-008
ID 22955
On April 25, 2023, the Financial Industry Regulatory Authority, FINRA, published on its website a press release to inform that it has filed with the U.S. Securities and Exchange Commission (SEC) a proposed rule change, SR-FINRA-2023-008, to make revisions to various FINRA rules to permit the holding of hearings before the Office of Hearing Officers (OHO) and the National Adjudicatory Council (NAC) via video ...
SR-FINRA-2023-007
ID 22737
On April 12, 2023, the Financial Industry Regulatory Authority, FINRA, published on its website a press release stating that it has filed with the U.S. Securities and Exchange Commission (SEC) a proposed rule change, SR-FINRA-2023-007, to adopt „Supplementary Material .18 (Remote Inspections Pilot Program) under FINRA Rule 3110 (Supervision)“. Specifically, FINRA seeks to install a Pilot Program that would provide member firms the option, ...