Events listed in [FINRA] Financial Industry Regulatory Authority
Regulatory Notice 23-14
ID 24672
The FINRA has published its regulatory notice 23-14 to inform about the rule change to FINRA Rule 4210 relating to the application of margin requirements for „covered agency transactions“ which refer to „TBA transactions“, „ARM transactions“, „Specified Pool Transactions“ and „transactions in CMOs“. The amendments, which were approved by the SEC on July 27, 2023, will remove the additional maintenance margin requirem ...
Regulatory Notice 23-12
ID 24619
The Financial Industry Regulatory Authority, FINRA, has published a new Regulatory Notice 23-12 to implement final rule changes as regards the procedures for the expungement of dispute information from the FINRA Dispute Resolution Services (DRS) arbitration forum and from the Central Registration Depository (CRD), which is maintained by FINRA and contains information on registered securities and broker firms, as well as individuals who offer ...
Information Notice 7/26/23
ID 24411
The Financial Industry Regulatory Authority (FINRA) has issued an information notice to remind registered individuals and firms about the new Continuing Education (CE) regulatory element requirements. which have been in place since January 1, 2023. Pursuant to modified FINRA Rule 1240, all registered individuals must complete the regulatory element annually by December 31. The element consists of online courses that cover rule changes and ...
Report From FINRA Board of Governors Meeting – July 2023
ID 24278
The Financial Industry Regulatory Authority (FINRA) has published a news release to briefly inform of the results of its latest Board of Governors meeting. While most information appears to be rather non-relevant, there are three decisions of the Board we would like to make aware of simply to stay up-to-date. All three concern decisions to submit to the Securities and Exchange Commission (SEC) proposed ...
SR-FINRA-2023-010
ID 23994
The Financial Industry Regulatory Authority, FINRA, has published on its website a proposed rule change in connection with margin requirements regarding certain options or warrants on indices. Specifically, FINRA seeks to exempt from margin requirements short positions in index call or put options or warrants – the so-called protected option – when there is a corresponding long or short position in an underlying stock ...
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 ...
SEC, NASAA, FINRA to Co-Host Webinar on Identifying and Reporting Suspected Senior ...
ID 23613
In view of the upcoming World Elder Abuse Awareness Day, the Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA) and the Financial Industry Regulatory Authority (FINRA) will be co-hosting a new Senior Safe Act Webinar: Identifying and Reporting Suspected Exploitation. The webinar will take place on June 15, 2023, between 4:00 p.m. and 5:00 p.m. Eastern Time (ET), and will ...
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 ...
FINRA and NFA Discuss Crypto Assets at Special Summit
ID 23180
The Financial Industry Regulatory Authority, FINRA, has published a press statement to inform that during a recent meeting at FINRA’s office in San Francisco between FINRA and the National Futures Association (NFA), the two self-regulating organizations (SROs) expanded their existing Memorandum of Understanding (MoU) to include information exchange and cooperation in the area of crypto asset activities, including blockchain technology developments and crypto asset ...