September 2022 Board Meeting

FINRA’s Board of Governors met on September 21 and 22, and it approved two rule proposals and met with three officials from the Securities and Exchange Commission (SEC).

September 28, 2022

FINRA’s Board of Governors met last week in New York, and I am pleased to share some updates from our discussions.

This was the Board’s first meeting with Eric Noll as Chair, and the Board approved two rulemaking items, which are listed below. In addition, in its first meeting under new Committee Chair Maureen Jensen, the Board’s Regulatory Policy Committee discussed the status of various pending rule proposals.

The FINRA Board continued its engagement with key stakeholders by hosting officials from the Securities and Exchange Commission (SEC) at the September meeting. We were joined by three SEC senior leaders—Richard Best, Director, Division of Examinations; Joy Thompson, Acting Deputy Director of the Division of Examinations and Associate Regional Director of the SEC’s Philadelphia Regional Office; and Kevin Goodman, Associate Director, FINRA and Securities Industry Oversight Examination Program—to discuss the work undertaken by FINRA and SEC staff to coordinate our respective examination activities and efforts to enhance investor protection.

Our next meeting is scheduled for December 7-8, 2022. More information regarding the Board's operations, including the membership and responsibilities of its committees, is available at www.finra.org/governance. 

Sincerely,

Robert W. Cook
President and CEO

Rulemaking Items Approved at the September 2022 Board Meeting

Amendments to the Arbitration Codes to Make Various Clarifying and Technical Changes
The Board approved the submission to the SEC of proposed amendments to the Codes of Arbitration Procedure to make various clarifying and technical changes to the Codes.

Amendments to Increase Certain Arbitration and Mediation Forum Fees and Arbitrator Honoraria
The Board approved the submission to the SEC of proposed amendments to the Codes of Arbitration and Mediation Procedure to increase certain arbitration and mediation forum fees and arbitrator honoraria.

Visit FINRA’s website for more information about FINRA’s rulemaking process.