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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Crypto Asset Activities Update
In support of FINRA’s work to address the regulatory challenges presented by our member firms’ crypto asset activities, we published an update describing themes we have identified on where and how firms may be engaging in the activities and how we can adapt to continue to protect investors and safeguard markets effectively, while supporting our members. The update is based on responses to recent Regulatory Notices and the 2023 crypto asset questionnaire, as well as information we have collected through our regulatory operations.
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ICYMI: Podcast on Membership Application Program
The latest episode of FINRA Unscripted focuses on FINRA's Membership Application Program (MAP), including discussions about the standards for admission to FINRA membership and how the MAP group works to ensure a smooth process for both current and prospective member firms. |
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ICYMI: Applications Open for CRCP Small Firm Scholarship
FINRA is offering five scholarships to industry professionals from small firms to attend the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP) program. The scholarship covers full tuition for the entire program, including room and board. FINRA is accepting applications through Sept. 13. Click here for more information and the application form.
| | News and Guidance
New - Regulatory Notice: We have updated our set of interpretations under FINRA Rule 4210 (Margin Requirements), effective Aug. 9. To further help firms understand the updates, we also published a guide that includes a text comparison with the previous interpretations and other information.
- Election Notice: FINRA announced the Annual Meeting of FINRA Firms, when firms will elect one small, one mid-size and one large firm governor to the FINRA Board of Governors. The Notice includes profiles of all the candidates and voting instructions.
Reminder - Regulatory Notice: FINRA reminds firms of our policy prohibiting members and their employees from making audio or video recordings of conversations between FINRA staff and member firm personnel during any calls or meetings related to FINRA’s oversight functions.
| | 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.
| | Upcoming Deadlines and Effective Dates New - SEC Request for Comment: On Aug. 5, the SEC issued an order instituting proceedings to determine whether to approve or disapprove FINRA’s proposed rule change to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to (1) require reporting of securities loans; and (2) provide for the public dissemination of loan information. Comments are due by Aug. 30. Rebuttal comments are due by Sept. 13. See the SEC Notice of Order.
Reminders - WebEFT Retirement: In response to feedback from firms, FINRA has extended WebEFT access until April 30, 2025, for firms that have started their transition from WebEFT to APIs by Nov. 15, 2024. The extension gives those firms additional opportunity to complete the required development to fully onboard to the API platform. WebEFT subscribers not migrating to APIs will no longer have access to WebEFT after Nov. 15, 2024, as previously announced.
- OFR Final Rule: 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.
| | Education and Compliance Programs Register for upcoming events: |
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