Tag Archives: Registration

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 to designate a Principal Financial Officer and a Principal Operations Principal, effective October 1, 2018.  The position of Principal Financial Officer will have primary responsibility … Continue reading FINRA Requires Principal Financial Officer and Principal Operations Officer

Comment Period Ends: Proposed Rule Change to Establish the Securities Trader and Securities Trader Principal Registration Categories

The SEC requested comments on a proposal to amend NASD Rule 1032(f) (Limited Representative-Equity Trader) to replace the Equity Trader registration category and qualification examination (Series 55) with a Securities Trader registration category and qualification examination (Series 57). In addition, the proposal amends NASD Rule 1022(a) (General Securities Principal) to establish a Securities Trader Principal registration category. The proposal also makes technical conforming changes to the Form U4 (Uniform Application for Securities Industry Registration or Transfer).

Retail Off-Exchange FOREX Registration Deadline Immanent

As a result of amendments to the Commodity Exchange Act (“CEA”), the Commodity Futures Trading Commission (“CFTC”) has issued final, foreign exchange (forex) rules which become effective on October 18, 2010.  Prior to the passage of the CFTC Reauthorization Act of 2008 (”CRA”), the CEA only allowed financial institutions, SEC registered broker-dealers, insurance companies, financial … Continue reading Retail Off-Exchange FOREX Registration Deadline Immanent

White Paper – RIA Registration and Regulatory Issues

6/23/2010 White Paper – RIA Registration and Regulatory Issues Companies and individuals who provide investment advice to others are generally subject to regulation by federal and or state securities regulators.  Therefore, before providing financial advice to anyone, prospective advisers must determine whether registration is required, and if so, what type of registration is appropriate. Where registration … Continue reading White Paper – RIA Registration and Regulatory Issues