FINRA Compliance Boot Camp – Jericho, New York

FINRA District Office Jericho, N. Y. Two Jericho Plaza

FINRA Half Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for … Continue reading FINRA Compliance Boot Camp – Jericho, New York

SIFMA Internal Auditors Society (IAS) Annual Conference

New Orleans Marriott 555 Canal Street, New Orleans, LA, United States

The  SIFMA Internal Auditors Society (IAS) Annual Conference will examine how Securities Industry audit, risk management and compliance leaders are responding to global challenges including geopolitical, economic, technology, cyber threats and data issues.

Quarterly FOCUS and SSOI Filing (Quarter ending 09/30/2016)

In accordance with SEC Rule 17a-5(a)(2)(iii), each broker/dealer registered pursuant to section 15 of the Act who does not carry nor clear transactions nor carry customer accounts shall file Part IIA of Form X-17 A-5 within 17 business days after the end of each calendar quarter. http://taft.law.uc.edu/CCL/34ActRls/rule17a-5.html

Supplemental Inventory Schedule (report period ended 09/31/2016)

The Supplemental Inventory Schedule (SIS) must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital requirement of less than $100,000; or (2) inventory positions consisting only of money market mutual funds.6 A firm with inventory positions consisting only of money market mutual funds must affirmatively indicate through the eFOCUS system that no SIS filing is required for the reporting period.

Quarterly SSOI Supplemental FOCUS Information (Quarter ending 09/30/2016)

FINRA Rule 4524 requires each member firm to file a Supplemental Statement of Income (“SSOI”) within 20 business days after the end of each calendar quarter via the FINRA Gateway. The SSOI is designed to provide FINRA with greater detail regarding firm’s revenue and expenses. http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=14475&element_id=10588&highlight=4524#r14475

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

MSRB Rule A•14 (Annual Fee)

MSRB Rule A-14 In addition to any other fees prescribed by the rules of the Board, requires each broker, dealer, municipal securities dealer, and municipal advisor shall pay an annual fee to the Board of $500, with respect to each fiscal year of the Board in which the broker, dealer, municipal securities dealer, or municipal … Continue reading MSRB Rule A•14 (Annual Fee)

SIFMA’s Listed Options Symposium

SIFMA Conference Center New York City, NY, United States

SIFMA’s Listed Options Symposium is a New York City event that brings together industry leaders representing retail, market makers and institutional participants, as well as exchange and regulatory experts. Join us on November 3rd for a discussion on the state of the options market, and the challenges and opportunities facing this important market segment.

2016 FINRA Small Firm Conference

The Camby Hotel 2401 East Camelback Road, Phoenix, AZ, United States

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 rule, and then small firm panelists provide a step-by-step approach for complying with that particular rule. Throughout the event, attendees have the opportunity to discuss … Continue reading 2016 FINRA Small Firm Conference

Effective Date – FINRA Rule 2273

FINRA Rule 2273  (Educational Communication Related to Recruitment Practices and Account Transfers) becomes effective November 11, 2016.  The rule establishes an obligation to deliver an educational communication in connection with firm recruitment practices and account transfers.  For more information, see  Regulatory Notice 16-18.

Outside Brokerage Account Review (FINRA Rule 3270)

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728

Net Capital Computation (Month ending 10/31/2016)

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.

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

Supplemental Inventory Schedule (report period ended 10/31/2016)

The Supplemental Inventory Schedule (SIS) must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital requirement of less than $100,000; or (2) inventory positions consisting only of money market mutual funds.6 A firm with inventory positions consisting only of money market mutual funds must affirmatively indicate through the eFOCUS system that no SIS filing is required for the reporting period.

Outside Brokerage Account Review (FINRA Rule 3270)

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728

Monthly & Fifth FOCUS IIA Filings (Month ending 11/30/2016)

In accordance with SEC Rule 17a-5(a)(2)(ii)-(iii), each broker/dealer registered pursuant to section 15 of the Act who clears transactions or carries customer accounts shall file Part II of Form X-17 A-5 within 17 business days after the end of the month. The fifth FOCUS filing is required for every broker or dealer who does not carry … Continue reading Monthly & Fifth FOCUS IIA Filings (Month ending 11/30/2016)

Supplemental Inventory Schedule (report period ended 11/30)

The Supplemental Inventory Schedule (SIS) must be filed by a firm that is required to file FOCUS Report Part II, FOCUS Report Part IIA or FOGS Report Part I, with inventory positions as of the end of the FOCUS or FOGS reporting period, unless the firm has (1) a minimum dollar net capital or liquid capital requirement of less than $100,000; or (2) inventory positions consisting only of money market mutual funds.6 A firm with inventory positions consisting only of money market mutual funds must affirmatively indicate through the eFOCUS system that no SIS filing is required for the reporting period.

Quarterly GASB Accounting Support Fee

FINRA assesses an annual support fee to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB”). The fee is assessed on a quarterly basis and is based on member firm’s municipal securities trading volume for the prior quarter. http://finra.complinet.com/en/display/display_viewall.html?rbid=2403&element_id=4693&record_id=6093

Texas Certificates of Registration Available

State Securities Board personnel review all applications for the registration of dealers, agents, investment advisers, and investment adviser representatives to ensure that individuals and firms dealing with Texas investors meet certain minimum qualifications, are financially solvent, and of good business repute. Each initial Dealer and Investment Adviser applicant undergoes a stringent review process that includes … Continue reading Texas Certificates of Registration Available

FINRA Entitlement User Account Certification Process

FINRA's Annual Entitlement User Accounts Certification Process begins on January 9, 2017, and ends February 9, 2017. During this period, Super Account Administrators (SAAs) for firms with more than one user must certify that users at their firm who require access to applications in FINRA’s Entitlement Program have the appropriate entitlement privileges to perform their … Continue reading FINRA Entitlement User Account Certification Process

FINRA Rule 4530/Customer Complaint Filing Due Dates (Q4 2016)

In accordance with FINRA Rule 4530(d), each member shall report to FINRA statistical and summary information regarding customer complaints in such detail as FINRA shall specify by the 15th day of the month following the calendar quarter in which customer complaints are received by the member. For the purposes of this paragraph, "customer" includes any … Continue reading FINRA Rule 4530/Customer Complaint Filing Due Dates (Q4 2016)

FINRA Final Renewal Statement Due

Reconcile or Pay your Final Statement Report in writing to FINRA any discrepancies you find on your Final Statement. FINRA must receive this by January 20, 2017. This is also the deadline date for which FINRA must receive payment if there is a balance due on your firm’s Final Renewal Statement.

MSRB Update of Primary Contact Information (MSRB G-40)

MSRB Rule G-40 requires all municipal securities dealers and municipal advisors with an MSRB account to update their primary contact information or affirm that the information is correct within 17 business days after the end of each calendar year. In addition to this annual requirement, MSRB Rule G-40 requires municipal securities dealers and municipal advisors … Continue reading MSRB Update of Primary Contact Information (MSRB G-40)

Quarterly FOCUS and SSOI Filing (Quarter ending 12/31/2016)

In accordance with SEC Rule 17a-5(a)(2)(iii), each broker/dealer registered pursuant to section 15 of the Act who does not carry nor clear transactions nor carry customer accounts shall file Part IIA of Form X-17 A-5 within 17 business days after the end of each calendar quarter. http://taft.law.uc.edu/CCL/34ActRls/rule17a-5.html

Quarterly FOCUS Part llA Filings (Quarter ending 12/31/2016)

In accordance with SEC Rule 17a-5(a)(2)(iii), each broker/dealer registered pursuant to section 15 of the Act who does not carry nor clear transactions nor carry customer accounts shall file Part IIA of Form X-17 A-5 within 17 business days after the end of each calendar quarter.

FINRA Contact System Due Date

Annual Verification Due As a reminder, Rule 4517 requires firms to complete an annual verification of their FCS contact information within the first 17 business days of each calendar year. Please login to FCS and perform your annual review. This year's deadline is Thursday, January 26, 2017. If you have questions on how to complete … Continue reading FINRA Contact System Due Date

Disclosure of Order Routing Practices (SEC Rule 606) (Q4 2016)

SEC Rule 606 requires broker/dealers that route orders on behalf of customers to prepare quarterly reports that disclose the identity of the venues to which it routed orders for execution. The reports also will disclose the nature of the broker-dealers relationship with those venues, including the existence of any internalization or payment for order flow … Continue reading Disclosure of Order Routing Practices (SEC Rule 606) (Q4 2016)

Quarterly SSOI Supplemental FOCUS Information (Quarter ending 12/31/2016)

FINRA Rule 4524 requires each member firm to file a Supplemental Statement of Income (“SSOI”) within 20 business days after the end of each calendar quarter via the FINRA Gateway. The SSOI is designed to provide FINRA with greater detail regarding firm’s revenue and expenses. http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=14475&element_id=10588&highlight=4524#r14475

Due: FINRA’s Annual Entitlement Account Certification Process

FINRA's Annual Entitlement User Accounts Certification Process begins on January 9, 2017, and ends February 9, 2017. During this period, Super Account Administrators (SAAs) for firms with more than one user must certify that users at their firm who require access to applications in FINRA’s Entitlement Program have the appropriate entitlement privileges to perform their … Continue reading Due: FINRA’s Annual Entitlement Account Certification Process

Net Capital Computation (Month ending 01/31/2017)

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.

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

Monthly & Fifth’ FOCUS IIA Filings (Month ending 1/31/2017)

In accordance with SEC Rule 17a-5(a)(2)(ii)-(iii), each broker/dealer registered pursuant to section 15 of the Act who clears transactions or carries customer accounts shall file Part II of Form X-17 A-5 within 17 business days after the end of the month.  The fifth FOCUS filing is required for every broker or dealer who does not … Continue reading Monthly & Fifth’ FOCUS IIA Filings (Month ending 1/31/2017)

Outside Brokerage Account Review (FINRA Rule 3270)

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728

Net Capital Computation (Month ending 02/28/2017)

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.

FINRA Diversity Summit

FINRA New York District Office Brookfield Place 200 Liberty Street, New York, United States

FINRA’s 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 outreach efforts intended to leverage the benefits of building sustainable diversity and inclusion programs. The 2017 FINRA Diversity Summit took place on Wednesday, March 29 in … Continue reading FINRA Diversity Summit

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

Quarterly GASB Accounting Support Fee

FINRA assesses an annual support fee to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB”). The fee is assessed on a quarterly basis and is based on member firm’s municipal securities trading volume for the prior quarter. http://finra.complinet.com/en/display/display_viewall.html?rbid=2403&element_id=4693&record_id=6093

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 and are required to complete a participant application agreement before they are given access to the facility. Facilities covered by the FINRA Transparency Services Participation … Continue reading FINRA Updates the Transparency Services Participant Agreement

Effective Date of FINRA Rule 3210

The SEC has approved FINRA’s proposed rule change to adopt a new, consolidated rule governing accounts opened or established by associated persons at firms other than the firm at which they are employed. The new rule—FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)—helps facilitate effective oversight of such accounts. New FINRA Rule 3210 … Continue reading Effective Date of FINRA Rule 3210

SEC Approves FINRA’s Capital Acquisition Broker (CAB) Rules

The Securities and Exchange Commission (SEC) approved FINRA’s rule set for firms that meet the definition of “capital acquisition broker” (CAB) and that elect to be governed under this rule set. CABs are firms that engage in a limited range of activities, essentially advising companies and private equity funds on capital raising and corporate restructuring, … Continue reading SEC Approves FINRA’s Capital Acquisition Broker (CAB) Rules

Outside Brokerage Account Review (FINRA Rule 3270)

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728

FINRA Rule 4210 Implementation

SIFMA Conference Center New York City, NY, United States

The December 2017 compliance deadline for FINRA’s margin collection requirements for TBAs and other Agency MBS is fast approaching. Join SIFMA for a Securitization Spotlight Session on April 19 to review how critical aspects of the rule are affecting business almost a year into the implementation process. The program will feature industry speakers discussing their successes … Continue reading FINRA Rule 4210 Implementation

Canada-U.S. Securities Summit

SIFMA Conference Center New York City, NY, United States

Examine Key Issues Affecting the North American Capital Markets Join co-hosts, SIFMA and the Investment Industry Association of Canada (IIAC), at the 5th annual Canada-U.S. Securities Summit on April 20 in New York City. This half-day event convenes experts from Canada and the United States to discuss key economic, regulatory and political issues in the … Continue reading Canada-U.S. Securities Summit

Global Finance Forum

Ritz-Carlton West-End, Washington, D.C., United States

Global Finance Forum - Capital Markets, Growth, and the Economy of tomorrow In conjunction with IMF-World Bank spring meetings, this open-press capital markets forum will feature armchair conversations with leading policymakers from the EU and U.S., and a panel discussion with event partners. The two-hour event will highlight important transatlantic economic issues impacting capital market participants. … Continue reading Global Finance Forum

SIFMA Ops & Tech Town Hall Webinar

Join the Operations & Technology Society for their first  town hall webinar  of 2017! All members of CAS, CAT, CMS and SOS are welcome.

Quarterly SSOI Supplemental FOCUS Information (Quarter ending 03/31/2017)

FINRA Rule 4524 requires each member firm to file a Supplemental Statement of Income (“SSOI”) within 20 business days after the end of each calendar quarter via the FINRA Gateway. The SSOI is designed to provide FINRA with greater detail regarding firm’s revenue and expenses. http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=14475&element_id=10588&highlight=4524#r14475  

Quarterly FOCUS Part llA Filings (Quarter ending 3/31/2017)

In accordance with SEC Rule 17a-5(a)(2)(iii), each broker/dealer registered pursuant to section 15 of the Act who does not carry nor clear transactions nor carry customer accounts shall file Part IIA of Form X-17 A-5 within 17 business days after the end of each calendar quarter.

SIFMA Equity Market Structure Conference

SIFMA  Equity Market Structure Conference is a one-stop resource for updates from the industry’s leading experts on today’s markets and the ever-evolving regulatory framework that guides them. Join equity market structure leaders in New York to discuss recommendations and actionable changes to enhance fairness, stability and transparency in the U.S. stock market.

SIFMA Fixed Income Market Structure Seminar

SIFMA Conference Center New York City, NY, United States

SIFMA’s   Fixed Income Market Structure Seminar brings together market participants and policymakers to discuss the latest regulatory and market developments in the fixed income markets. This half-day discussion will address the key questions and issues emerging from significant changes in market structure, including: Investment Grade New Issue Process:  How the process really works - from … Continue reading SIFMA Fixed Income Market Structure Seminar

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

FINRA to Restructure Continuing Education Requirements and Qualification Exams

Proposed Rule Change to Adopt Consolidated FINRA Registration Rules, Restructure the Representative-Level Qualification Examination Program and Amend the Continuing Education Requirements Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a  proposed rule change to adopt with amendments the NASD and Incorporated NYSE rules relating to qualification … Continue reading FINRA to Restructure Continuing Education Requirements and Qualification Exams

SIFMA Senior Investor Protection Regional Workshop

On May 2, SIFMA invites you for their second Regional Senior Investor Protection Workshop in Philadelphia, PA. Following the success of their first event last fall, this interactive program provides attendees with the opportunity to take a deeper-dive into the causes of cognitive decline, learn how to identify decline and exploitation, and learn practical ways … Continue reading SIFMA Senior Investor Protection Regional Workshop

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 one of the first steps of this initiative, this Notice solicits comment from all interested parties on FINRA’s current engagement programs. In connection with separate … Continue reading FINRA Requests Comments to improve Engagement Programs

SIFMA’s 44th Annual Operations Conference and Exhibition 2017

Whether your focus in Operations is Leadership Management, Information Technology, Risk Management, Legal and Compliance, or Clearance and Settlement,  SIFMA's Operations Conference and Exhibition delivers a comprehensive program tailored to the critical role you perform.

FINRA District 6 Dallas – District Compliance Events

FINRA Dallas District Office 12801 North Central Expressway, Suite 1050, Dallas, TX, United States

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 Office staff. For more information including discussion topics, see the individual program descriptions below. Date Event Location & Venue Fees Registration May 11, 2017 9 … Continue reading FINRA District 6 Dallas – District Compliance Events

2017 FINRA Annual Conference

Marriott Marquis 901 Massachusetts Avenue NW, Washington, D.C., DC, United States

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 for a three-day event dedicated to the most important issues affecting the securities industry. Reduced rates are available for the first 100 in-person registrants before … Continue reading 2017 FINRA Annual Conference

District 5 New Orleans – District Compliance Events

The Crescent Club 6075 Poplar Ave., Suite 909, Memphis, TN, United States

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 Office staff. For more information including discussion topics, see the individual program description below. Date Event Location & Venue Fees Registration May 17, 2017 9 … Continue reading District 5 New Orleans – District Compliance Events

Outside Brokerage Account Review (FINRA Rule 3270)

The firm should complete the review of the outside brokerage accounts of all associated persons for the prior month. http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3728

FINRA Registration and Disclosure Boot Camp

FINRA 9509 Key West Avenue, Rockville, MD, United States

This class is designed for staff at broker-dealer firms and/or service providers that are new to reporting Disclosure information in Web CRD or those who want to receive refresher training and reporting tips. The training is an in-depth session focusing on interpreting and complying with disclosure reporting requirements on individual and organizational form filings. Pertinent … Continue reading FINRA Registration and Disclosure Boot Camp

Effective Date for Use of Updated FINRA Private Placement Filer Form

The updated Financial Industry Regulatory Authority (“FINRA”) Private Placement Filer Form required by member firms to file offering documents and information pursuant to FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities) (Filer Form) will be required to be utilized on the FINRA Firm Gateway beginning on May … Continue reading Effective Date for Use of Updated FINRA Private Placement Filer Form

FINRA Updates Private Placement Filer Form

In an attempt to collect more information on private placement activity, the Financial Industry Regulatory Authority (“FINRA”) has updated the private placement filer form that member firms must use to file offering documents and information pursuant to FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities) (the "Filer … Continue reading FINRA Updates Private Placement Filer Form

Net Capital Computation (Month ending 04/30/2017)

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.

Monthly & Fifth’ FOCUS IIA Filings (Month ending 4/30/2017)

In accordance with SEC Rule 17a-5(a)(2)(ii)-(iii), each broker/dealer registered pursuant to section 15 of the Act who clears transactions or carries customer accounts shall file Part II of Form X-17 A-5 within 17 business days after the end of the month. The fifth FOCUS filing is required for every broker or dealer who does not carry … Continue reading Monthly & Fifth’ FOCUS IIA Filings (Month ending 4/30/2017)

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

Outside Business Activity Review (FINRA Rule 3270)

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 (FINRA Rule 3270)

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 the securities markets, and as a self-regulatory organization (SRO) for broker-dealers, FINRA has a variety of rules, operations and administrative processes that address their capitalraising … Continue reading FINRA Requests Comments on Rules Impacting Capital Formation

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 is intended to modernize Rule 5110 and to simplify and clarify its provisions. The proposal would retain the primary principle of the rule that no … Continue reading FINRA Requests Comment on FINRA Corporate Financing Rule

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 safe harbor for specified brief, written analysis distributed to eligible institutional investors that comes from sales and trading or principal trading personnel but that may … Continue reading FINRA Requests Comment on Equity and Debt Research Rules

FINRA District 7 Atlanta – District Compliance Events

Charlotte Convention Center 501 S. College Street, Charlotte, NC, United States

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 Office staff. For more information including discussion topics, see the individual program descriptions below. Date Event Location & Venue Fees Registration May 31, 2017 9 … Continue reading FINRA District 7 Atlanta – District Compliance Events

District Compliance Meeting: Charlotte, NC – District 7 (Atlanta)

Charles Schwab Conference Center 211 Main Street, San Francisco, CA, United States

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 Office staff. For more information including discussion topics, see the individual program descriptions below. June 1, 2017 9 a.m. – 12 p.m. District Compliance Meeting … Continue reading District Compliance Meeting: Charlotte, NC – District 7 (Atlanta)

2017 FINRA Risk Control Assessment ( RCA)

  FINRA's 2017 Risk Control Assessment (RCA) survey has been launched. Each firm's executive representative and designated assistant should have received an email linking to their firm's unique RCA survey. The RCA is an important part of FINRA's risk-based surveillance and examination program. FINRA uses it to better understand the risks associated with the business activities … Continue reading 2017 FINRA Risk Control Assessment ( RCA)

SIFMA FINTECH Conference

SIFMA Conference Center New York City, NY, United States

SIFMA's FinTech Conference will bring together innovators and industry leaders to discuss the latest developments in robo advising, robotics, artificial intelligence, machine learning and blockchain experiments – and how these developments are changing the way firms understand and interact with their customers, manage risk, and run their operations. The impact of FinTech on the securities … Continue reading SIFMA FINTECH Conference

FINRA Boot Camp: Chicago, IL – District 8 (Chicago)

FINRA's Compliance Boot Camps provide a broad view of essential compliance concepts. Through a combination of self-study and classroom training, participants gain valuable insights on compliance activities for immediate application to the workplace. Half-Day Compliance Boot Camps Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately … Continue reading FINRA Boot Camp: Chicago, IL – District 8 (Chicago)

District Compliance Meeting – District 8 (Madison WI)

Designed for compliance and legal professionals at FINRA member firms, these District Compliance Meetings offer an opportunity to hear about current regulatory issues while engaging in a direct dialogue with FINRA District Office staff. For more information including discussion topics, see the individual program descriptions below. Topics: Examination Priorities Common Examination Findings Regulatory Issues and Effective … Continue reading District Compliance Meeting – District 8 (Madison WI)

District Compliance Meeting: Tarrytown, NY – District 9b ( Woodbridge)

FINRA Woodbridge District 9b

Designed for compliance and legal professionals at FINRA member firms, these District Compliance Meetings  offer an opportunity to hear about current regulatory issues while engaging in a direct dialogue with FINRA District Office staff. For more information including discussion topics, see the individual program descriptions below. Topics: Examination Priorities Common Examination Findings Regulatory Issues and … Continue reading District Compliance Meeting: Tarrytown, NY – District 9b ( Woodbridge)

FINRA Compliance Boot Camp – San Francisco

FINRA San Francisco district office 120 Kearney Street, Suite 2100, San Francisco

FINRA Half Day Compliance Boot Camp Half-day Compliance Boot Camps focus on basic regulatory requirements and compliance responsibilities. Participants are required to complete approximately three hours of assigned pre-course readings and online coursework prior to attending the session. Pre-course work is assigned and distributed approximately one week before the session. This course is designed for … Continue reading FINRA Compliance Boot Camp – San Francisco

Phone-In Workshop: TRACE Reporting of Transactions in U.S. Treasury Securities

FINRA's Transparency Services Department is hosting the third and final installment in its TRACE Reporting of Transactions in U.S. Treasury securities phone-in workshop series. During this one, FINRA staff review relevant rules and regulations, and discuss testing and other relevant technical information. Questions from participants will be accepted in advance or during the presentation via … Continue reading Phone-In Workshop: TRACE Reporting of Transactions in U.S. Treasury Securities

DOL’s fiduciary rule’s definitions applied as of June 9th

On  June 9th , the fiduciary rule's amended definition of fiduciary advice will first apply and the BIC Exemption and Principal Transactions Exemption will become available to fiduciary advisers. At the outset, however, and for a transition period extending until January 1, 2018, fewer conditions will apply to financial institutions and advisers that seek to … Continue reading DOL’s fiduciary rule’s definitions applied as of June 9th

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