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Disciplinary Actions
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Upcoming Deadlines and Effective Dates
- FINRA Elections
- FINRA Request for Comment
- Treasury Department Request for Information
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Education and Compliance Programs
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The FINRA Board of Governors meets this week to consider several items, including amendments to the Codes of Arbitration Procedure to make various clarifying and technical changes, and amendments to increase certain arbitration and mediation forum fees and arbitrator honoraria. The Board will also discuss initial planning for FINRA’s 2023 budget.
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On the latest episode of FINRA Unscripted, Deputy Head of Enforcement Chris Kelly discusses what makes cases against individual brokers different from those brought against firms and all the considerations involved. Listen to the podcast.
Take advantage of our reduced registration rates and attend our new Firm Grouping Conference on December 1, 2022, in Kissimmee, FL. This event is designed to provide financial professionals associated with FINRA member firms the opportunity to engage in conference panels tailored to their specific firm grouping. Join FINRA staff and industry peers for thoughtful discussions around the future landscape of the financial services industry.
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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.
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Upcoming Deadlines and Effective Dates
FINRA Elections
FINRA is holding several elections to fill seats on the Small Firm Advisory Committee (SFAC), Regional Committees, National Adjudicatory Council (NAC) and the FINRA Board of Governors.
- One seat on the SFAC representing the New York region is up for election. Individuals interested in becoming candidates for this election must submit a candidate profile form to FINRA’s Corporate Secretary by October 6, 2022.
- Election Notice 09/06/22 describes the nomination and election process to fill vacancies on FINRA’s Regional Committees. Regional Committees for the South and West regions each have six full-term vacancies, and the Midwest, North and New York regions each have four full-term vacancies to fill. Eligible candidates will be included on the appropriate ballot if they submit a candidate profile form to FINRA’s Corporate Secretary by October 6, 2022.
- As described in Election Notice 08/22/22 FINRA is holding an election to fill one small firm seat on the NAC. Eligible individuals who obtain the requisite number of valid petitions may be included as candidates on the ballot by following the petition procedures described in the Election Notice. Petitions for candidacy are due October 6, 2022.
- FINRA is holding a special meeting of large firm members on or about October 31, 2022, to elect one individual to fill a vacant Large Firm Governor seat on the FINRA Board of Governors. Election Notice 08/09/22 announces the FINRA Nominating & Governance Committee nominee—Penny Pennington, Managing Partner at Edward Jones—and informs individuals of the procedures for being included as a petition candidate on the ballot.
FINRA Request for Comment
FINRA is soliciting comment on a proposal to amend Rule 6730 to reduce the Trade Reporting and Compliance Engine (TRACE) trade reporting timeframe for transactions in all TRACE-Eligible Securities that currently are subject to a 15-minute reporting timeframe. Members would be required to submit a report to TRACE as soon as practicable (as is currently the case), but no later than one minute from the time of execution, for transactions in corporate bonds, agency debt securities, asset-backed securities and agency pass-through mortgage-backed securities traded to-be-announced for good delivery. Comments are due October 3, 2022. See Regulatory Notice 22-17 for more information.
Treasury Department Notice and Request for Information
The U.S. Department of the Treasury has issued a Request for Information seeking comment on additional post-trade transparency for data regarding secondary market transactions in U.S. Treasury Securities, including the potential benefits and risks of several potential ways to build on existing public transparency. See the Notice Seeking Public Comment. Comments are due 60 days after the date of publication of the Notice in the Federal Register.
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Education and Compliance Programs
View the agenda for the FINRA Advertising Regulation Conference. Join us in Washington, DC, on October 20-21, 2022, for a conference designed specifically for new and experienced communications compliance professionals. Participate in forward-looking discussions on current practices, policies, priorities and rulemaking. Plus, use this opportunity to network with industry peers and meet one-on-one with Advertising Regulation Department staff during office hours.
Register today for the 2022 Small Firm Conference. Join us in Santa Monica, CA, or participate virtually on November 9-10, for the opportunity to discuss small firm topics, share insights and effective practices, and hear detailed exchanges on industry and regulatory updates.
View the latest Virtual Conference Panel: Tips for Handling Emotional Callers. FINRA staff and industry panelists outline strategies to help you and your staff manage and diffuse emotional callers. During the session, panelists explore scenarios and provide tips on how to manage angry, frustrated or emotional clients.
Register for all of FINRA’s upcoming events:
- FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
- Week II | November 13 – 18, 2022 | Washington, DC | Waitlist Available
- Advertising Regulation Conference | October 20 – 21, 2022 | Washington, DC and Virtual
- Small Firm Conference | November 9 – 10, 2022 | Santa Monica, CA and Virtual
- Firm Grouping Conference | December 1, 2022 | Kissimmee, FL and Virtual
- 2023 Annual Conference | May 16-18, 2023 | Washington, DC
- FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
- Week I | July 16 – 21, 2023 | Washington, DC
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