Features |
FINRA Strengthens Rule Governing Borrowing From or Lending to Customers Amendments to FINRA Rule 3240 go into effect April 28, 2025, strengthening the general prohibition against borrowing and lending arrangements between registered representatives and their customers, narrowing some exceptions, modernizing the “immediate family” definition and more. SFAC and Regional Committee Elections Underway FINRA mailed ballots to the executive representatives of firms that are eligible to vote for candidates to fill vacant seats on the Small Firm Advisory Committee (SFAC) and Regional Committees. Read the Election Notices in the links above for candidate profiles and voting instructions. Eligible firms have until Nov. 18 to cast their ballot. Cyber Alert: Ongoing Threats From Iranian Cyber Actors Firms should be aware of common tactics, techniques and red flags associated with Iranian cyber actors given their history of targeting the financial services industry. Read the alert. Workshop on Treasury Department’s Auction Rules The U.S. Department of the Treasury is offering a free, virtual workshop on Nov. 15 focusing on its auction rules with examples of auction-related calculations. The event is for market professionals who are either new to, or would like to refresh their knowledge of, the process. The event is closed to the media, and registration is required. ICYMI: Research on Common Traits of Fraud Victims Listen to the latest episode of FINRA Unscripted to hear new research about why targets engage with scammers, what makes someone more likely to lose money, and what might stop someone from engaging with a fraud to begin with. The discussion was recorded during a panel at a recent FINRA Foundation conference on disrupting the cycle of financial fraud.
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Guidance, Upcoming Deadlines, Effective Dates |
New Elections: See the Featured item above regarding the SFAC and Regional Committee elections, including the Nov. 18 deadline to cast a ballot.
Reminders WebEFT Retirement: In response to feedback from members, FINRA has extended WebEFT access until April 30, 2025, for firms that have started their transition from WebEFT to APIs by this Nov. 15. 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, as previously announced. New Form U4 Functionality to Identify RSLs: Firms that have designated a non-registered private residence are required to answer a question on Form U4—the Uniform Application for Securities Industry Registration or Transfer—to identify Residential Supervisory Locations (RSLs) in compliance with amended FINRA Rule 3110.19(d). Those firms now are required to answer the RSL question as either “yes” or “no” by Dec. 26, replacing the previous Oct. 15 deadline. Read the updated the RSL frequently asked questions for additional details. 2025 Regulatory Element Training Topics: Members can preview 2025 Regulatory Element training topics to help prepare for next year’s continuing education requirements. As a reminder, FINRA rules require all registered reps to complete the Regulatory Element annually by Dec. 31 of each year for each registration they hold. Visit the continuing education page and select the appropriate registrations to view the 2025 learning plan for those registrations.
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Disciplinary Actions |
FINRA publishes disciplinary actions to remind members of specific conduct that violates FINRA rules and may result in disciplinary action. The October 2024 Monthly Disciplinary Actions are available here. |
Education and Compliance Programs |
- Cybersecurity Advisory: Increasing Cybersecurity Risks at Third-Party Providers | Oct. 29 | Virtual Event
- Protecting Your Customers From Scams and Financial Fraud | Nov. 11 | Virtual Event
- Insider Threats | Dec. 4 | Virtual Event
- Week II: Capstone | Nov. 17-22 | In-Person Event | Sold Out
- Week I: Foundation | July 13-18, 2025 | In-Person Event
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Resources |
Member Firm Hub – The latest guidance, resources, educational opportunities and more. Membership Application Program (MAP) Tools – Guidance and other resources to help current members prepare for their continuing membership application (CMA) and new applicants prepare for a new member application (NMA). FINRA101 – An investor-focused video series firms can leverage to help customers avoid scams, understand trusted contacts and more. FINRA Unscripted – A biweekly podcast that discusses a range of topics important to the securities industry. |
Follow FINRA |
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About FINRAFINRA is a not-for-profit organization dedicated to investor protection and market integrity. FINRA regulates one critical part of the securities industry—member brokerage firms doing business with the public in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org. |
Regulatory Contacts
FINRA By-Laws require member firms to maintain an email account on behalf of their executive representatives, to facilitate firm notification of important information. In light of this, requests from executive representatives to be removed from this email list cannot be honored. Firms wishing to change the name or email address of their executive representative or designated assistant should use the FINRA Contact System: http://www.finra.org/FCS. SubscribersYou received this message because you are currently subscribed to the email subscription list on the FINRA website. To update, use our "update information" or "unsubscribe" forms located at http://www.finra.org/Industry/Subscriptions |
