Guidance
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Disciplinary Actions
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Upcoming Deadlines and Effective Dates
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Education and Compliance Programs
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FINRA Unscripted Podcast
Listen to the latest episode for an update on FINRA’s Financial Intelligence Unit, including how they are evolving the way they share information with member firms, other regulators and law enforcement.
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ICYMI: New Regulatory Task Catalog Available in FINRA Gateway
FINRA recently launched the Regulatory Task Catalog, a new feature in FINRA Gateway that provides firms efficient access to forms, filings and other regulatory tasks, as well as useful background information and links to guidance and other resources. Find it in FINRA Gateway on the Dashboard and in the left-side navigation.
| | Guidance
Reminders - BrokerCheck Disclosure Rule Amendment: FINRA recently filed for immediate effectiveness a rule change that amends FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to exclude from display on BrokerCheck street addresses of registered branch offices that are reported to FINRA as private residences. To exclude from display on BrokerCheck the street address of a registered branch office that is a private residence, a firm must select the “Private Residence” check box on Form BR.
- Regulatory Notice: FINRA reminds firms of regulatory obligations when using generative artificial intelligence (Gen AI) and large language models. FINRA’s rules, which are intended to be technology neutral, and the securities laws more generally, continue to apply when firms use Gen AI or similar technologies in the course of their businesses, just as they apply when firms use any other technology or tool.
- Information Notice: FINRA reminds firms of the role of the Cross-Market Regulation Working Group (CMRWG), which was established under the U.S. Subgroup of the Intermarket Surveillance Group (ISG), to focus on ways to reduce unnecessary regulatory duplication.
- Cybersecurity Alert: FINRA notifies firms of a MOVEit software vulnerability that introduces new risk and details steps for firms to take to mitigate it.
| | Disciplinary Actions FINRA publishes disciplinary actions to remind registered representatives and firms of specific conduct that violates FINRA rules and may result in disciplinary action. The June 2024 Monthly Disciplinary Actions are available here.
| | Upcoming Deadlines and Effective Dates - The U.S. Treasury Department is calling for Large Position Reports from those entities whose positions in the 4-3/4% Treasury Bonds of November 2043 equaled or exceeded $1.6 billion as of Tuesday, December 19, 2023, or Friday, December 29, 2023. Reports must be received by Treasury before Monday, July 15, at noon ET, and the reports must include the required positions and administrative information. More details are available here.
- The U.S. Treasury Department’s Office of Financial Research (OFR) has adopted a final rule establishing a data collection for certain non-centrally cleared bilateral transactions in the U.S. repurchase agreement market. This collection requires daily reporting to that office by certain brokers, dealers and other financial companies with large exposures to non-centrally cleared bilateral repo. Visit the OFR’s website for more information.
- FINRA Rule 6151 (Disclosure of Order Routing Information for NMS Securities) is now in effect. The rule requires members to submit to FINRA the order routing reports required under the Securities and Exchange Commission’s (SEC) Rule 606(a) for centralized publication. FINRA started accepting submissions on July 1, 2024. For FINRA Rule 6151 submissions, please use FINRA Gateway for manual uploads or refer to the guidance on machine-to-machine uploads provided in the fileX user guide. Visit FINRA’s website for additional guidance on submissions and FAQs, or email [email protected]. Once published, the reports will be available on FINRA.org.
| | Education and Compliance Programs Register for upcoming events: |
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