Tag Archives: Rulemaking

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 offices engaged in certain low-risk activities, which in turn would enable firms to reallocate compliance resources to activities that pose greater risks to investors.  The … Continue reading FINRA Board Approves Rule Proposals on Low Risk Branch Exams and Expanded BrokerCheck Discosures

FINRA Board Approves Rulemaking Item to Protect Seniors

The Financial Industry Regulatory Authority (FINRA) announced that its Board of Governors approved a rulemaking item to help firms better protect seniors and other vulnerable adults from financial exploitation. The proposal would allow a firm to place a temporary hold on a disbursement of funds or securities and notify a customer’s trusted contact when the … Continue reading FINRA Board Approves Rulemaking Item to Protect Seniors