FINRA Issues Cybersecurity Alert for Ongoing Phishing Campaign

April 10, 2024
Volume 15

Guidance

Upcoming Deadlines and Effective Dates

• Commission Order Scheduling Filing of Statements on Review

Education and Compliance Programs

	FINRA issued a cybersecurity alert warning firms of an ongoing phishing campaign involving fraudulent emails purporting to be from FINRA executives.
	Guidance Recently Published Reminder: Effective April 27, firms will use an enhanced data entry process to submit certain Financial Notifications to FINRA. Enhancements include the consolidation of several notification forms, two new forms and a new section in FINRA Gateway through which firms will submit their notifications. Read more.
	Upcoming Deadlines and Effective Dates Web EFT Retires November 2024 This is a reminder to firms using the legacy Web EFT service that effective Nov. 15 all associated XML file upload and download functionality will be completely retired. Current Web EFT subscribers wishing to continue making automated data transfers with FINRA must transition to using the new FINRA API platform. Key milestones and frequently asked questions are on the platform’s Web EFT Sunset page. Commission Order Scheduling Filing of Statements on Review On Jan. 11, 2024, the Securities and Exchange Commission (SEC) approved a rule change that would prohibit compensated non-attorney representatives from representing parties in the DRS forum. On Jan. 19, 2024, FINRA received notice that, pursuant to Rule 431 of the SEC’s Rules of Practice, 17 CFR 201.431, the SEC will review the delegated action, thereby staying the Approval Order. On April 8, 2024, the SEC published an Order Scheduling Filing of Statements on Review stating that on or before May 8, 2024, any party or other person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority. The Approval Order remains stayed pending further order of the SEC. Please see SR-FINRA-2023-013 for more information.
	Education and Compliance Programs Register for FINRA’s upcoming events: FINRA Webinar: Operationalizing Residential Supervisory Location Designations \| April 4 \| 4-5 p.m. ET \| Virtual Event Registration Systems Foundation Virtual Training \| May 1-2 \| Virtual Event \| Waitlist Available 2024 Annual Conference \| May 14-16 \| Washington, DC \| Hybrid Event FINRA Institute at Georgetown Certified Regulatory and Compliance Professional^® Program \| Washington, DC Week I \| July 14-19 \| Sold Out Week II \| Nov. 17-22 2024 Advertising Regulation Conference \| Sept. 26-27 \| Washington, DC \| Hybrid Event 2024 Small Firm Conference \| Oct. 9-10 \| Chicago \| Hybrid Event Joint Outreach Program \| Nov. 20-21 \| Denver \| Hybrid Event \| Mark Your Calendar—Registration Available Soon

Regulatory Contacts
FINRA By-Laws require member firms to maintain an Internet email account on behalf of their executive representatives. This facilitates firm notification of important publications and information added to the FINRA website.

Firms wishing to change the name or email address of their executive representative or designated assistant should do so through the FINRA Contact System (FCS). See http://www.finra.org/FCS for further information. Requests from executive representatives to be removed from this email notification list cannot be honored.

Subscribers
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