Features |
FINRA Board Meeting Preview During its winter meeting this week, the FINRA Board of Governors will review a rule proposal related to outside business activities, discuss potential appointments to the National Adjudicatory Council and Small Firm Advisory Committee, and receive an update on the 2025 FINRA Annual Regulatory Oversight Report. Official Expungement Hearing Record Available Upon Customer Request FINRA amended the Code of Arbitration Procedure for Industry Disputes so that upon request, FINRA Dispute Resolution Services will provide a copy of the official record of an expungement hearing, and any transcription if available, to customers who meet certain requirements. Read the Notice. 2025 Extensions of Time Filing Schedule FINRA has published the due dates for submitting extension requests in connection with Federal Reserve Board Regulation T, SEA Rule 15c3-3 and FINRA Rule 4210. The schedule will assist firms in making accurate submissions in connection with these filing requests, especially around holidays when exchanges or banks are closed. Read the FINRA Notice for more information. New Resources to Help With Residential Supervisory Location (RSL) Responses FINRA recently published three new video guides to assist firms with responses to the RSL question on Forms U4 for all associated people with an office-of-employment address reported as both a ”non-registered” ( i.e., non-branch) location and a private residence for all locations established prior to Nov. 26 of this year. As a reminder, the due date for those firms to respond is Dec. 26. Visit the RSL Guidance page to watch the videos and for other resources. Report on How Consumers Think About Investment Risk New research from the FINRA Investor Education Foundation found that while 80 percent of consumers have at least a basic understanding of investment risk, only 55 percent can recognize risk-mitigation strategies. In addition, beyond general worries about losing money, concerns about inflation and liquidity risks are top of mind for consumers when making decisions about whether or not to invest. New Article in Series Celebrating 85 Years of FINRA History To commemorate our 85th anniversary, we are exploring each decade in FINRA’s history with a series of short articles, brought to you in the first newsletter of each month, about our enduring commitment to protecting investors and safeguarding market integrity. The fourth in the series, Upholding Fairness Through Market Transparency, features a look at the NASDAQ system's transformative impact on market efficiency. The fifth feature in the series, about FINRA in the 1970s, will be published on Jan. 8.
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Guidance, Upcoming Deadlines, Effective Dates |
New Expungement Hearing Records: See the feature above regarding amendments to the Code of Arbitration Procedure for Industry Disputes to provide customers with a copy of the official record of an expungement hearing.
Reminders 2025 Renewals Program: Members can now view key dates and deadlines for FINRA’s 2025 Renewals Program for the collection and disbursement of fees. Preliminary Statements are available in E-Bill to view and print, and full payment of Preliminary Statement fees is due Dec. 9. National Adjudicatory Council (NAC) Call for Candidates: Firms will soon have the opportunity to vote to fill one large firm and one small firm seat on the NAC, choosing from either the FINRA Nominating Committee nominee for each seat or from candidates who satisfy the requirements to be added to the ballot. Anyone interested in becoming a candidate must first submit a completed candidate profile form to FINRA’s Corporate Secretary and then submit by Dec. 23 the required number of petitions in support of his or her nomination. 2025 and Q1 2026 Reports Filing Due Dates: Due dates have been announced for Annual Report, Financial and Operational Combined Uniform Single (FOCUS), Form Custody and supplemental FOCUS Report filings due in 2025 or the first quarter of 2026, the first of which is Jan. 27, 2025. As a reminder, these filings must be submitted electronically through FINRA Gateway. Comment on FINRA Requirements Governing Day Trading: FINRA is requesting comments from registered representatives, investors and other stakeholders on its requirements related to day trading. The request is part of FINRA's retrospective rule review to assess the effectiveness and efficiency of those requirements. The comment period ends Jan. 28, 2025. Amendments to FINRA Rule 3240: Updates to FINRA’s Borrowing From or Lending to Customers Rule 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.
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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 November 2024 Monthly Disciplinary Actions are available here. |
Education and Compliance Programs |
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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 |
