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2024 FINRA Industry Snapshot
Read the report for a high-level overview of FINRA membership, ranging from the number of FINRA-registered individuals to the overall revenues of firms, trading activity, how firms market their products and services, and more.
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FINRA Board of Governors Meeting
Read FINRA CEO Robert Cook’s email to firms previewing topics the Board is scheduled to discuss this week at the July 2024 FINRA Board of Governors meeting. |
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Remote Inspections Pilot Program Update
Read a blog post providing an update on participation in FINRA’s voluntary, three-year pilot program to evaluate the impact and efficacy of remote inspection of branches and offices by member firms. |
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FINRA Unscripted Podcast
Listen to the latest episode for an update on FINRA’s Crypto Asset Work and the Crypto Hub, an enterprise-wide strategy for keeping up with the evolving crypto asset regulatory landscape. The episode digs into the results of a recent survey of member firms about their crypto-asset touchpoints to discuss the new spot Bitcoin ETP market and more. |
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New Enforcement SVPs
FINRA this month appointed Julie Glynn and Tina Gubb as Senior Vice Presidents of Enforcement. Read the news release for their biographies and how their positions within Enforcement will enhance FINRA’s organization-wide execution of its mission of investor protection and market integrity.
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 | Notices and Guidance
New - Residential Supervisory Locations (RSL) Update: We alerted firms to enhanced functionality for initial Form BR (Uniform Branch Office Registration Form) submissions that allow firms to de-select FINRA when establishing a new location designated as an RSL that needs to be registered or have a notice filed as a branch office with a jurisdiction, the New York Stock Exchange, or both. See the updated RSL FAQs for additional information.
- Cybersecurity Alert Regarding CrowdStrike IT Service Disruption: In response to last week’s CrowdStrike service outage affecting Microsoft operating systems, firms should be aware they may experience secondary attacks from cyber criminals seeking to leverage this incident to carry out social engineering and phishing attacks. Read the alert.
Reminder Continuing Education Requirements: FINRA reminds registered individuals and firms of the continuing education (CE) requirements, including the Dec. 31 deadline for CE Regulatory Element training assignments and completion, resources for facilitating compliance with the annual Regulatory Element requirements, and resources to help create CE Firm Element written training plans and locate relevant course content. |
 | 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 July 2024 Monthly Disciplinary Actions are available here.
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 | Upcoming Deadlines and Effective Dates 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. The OFR encourages Category 1 Covered Reporters, focused on brokers and dealers, to begin testing as early as possible and no later than 90 days before the Dec. 2 compliance date. Visit the OFR’s website for more information. |
 | Education and Compliance Programs Register for upcoming events: |
