Features |
Remote Inspections Pilot Program Discussion on Small Firm Conference Call Firms of all sizes—not just small firms—can join the free Dec. 16 call to learn how to participate in the second year of the pilot program and get an update on how FINRA plans to use the data and information it is collecting. Register today. Learn About FINRA's Market Data Offerings Listen to the latest episode of our FINRA Unscripted podcast for information about periodic aggregate market data sets, including new data recently added to FINRA's website, and how FINRA makes this information available to the public in support of its mission. FDIC Amendments Regarding Use of its Logo, Misrepresentation of Insurance Status and More Any member that markets or offers a bank sweep program, sells certificates of deposit, or otherwise makes statements about FDIC insurance should review the FDIC’s amended rules about false advertising, misrepresentation of insured status, and misuse of the FDIC's name or logo, and make any adjustments to materials by the Jan. 1 compliance date. See the Code of Federal Regulations and the Federal Register for more information. CRCP Small Firm Scholarship Recipients Announced The five recipients of the FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP) program small firm scholarships are: Brittany Boma with Joseph Eden Capital, LLC; Lisa Ferrante with Gagnon Securities, LLC; Alexander Noskov with Opencash Securities, LLC; Miguel Yanez with Securitize Markets, LLC; and Heather Zell with KPMG Corporate Finance, LLC. The recipients were chosen from a wide range of talented applicants through a blind-selection process by a subcommittee of the FINRA Small Firm Advisory Committee.
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Guidance, Upcoming Deadlines, Effective Dates |
New - FDIC Rule Amendments: See the feature above about amendments to FDIC rules regarding false advertising, misrepresentation of insured status, and the use of the FDIC’s name or logo, and the Jan. 1 compliance date for making any necessary adjustments to your firm’s materials.
Reminders 2025 Renewals Program: Preliminary Statement payments were due on Dec. 9. As a reminder, the CRD/IARD system shuts down for the year at 6 p.m. ET on Dec. 26. Before the shutdown occurs, firms should submit their registration filings, finalize any E-Bill renewal payments or transactions and print and/or save renewal reports in CRD/IARD. Final statements will become available on Thursday, Jan. 2. 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. Identify RSLs on Form U4: FINRA recently published three new video guides to assist firms with responses to the Residential Supervisory Location (RSL) question on Form U4 for all associated persons 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 before 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. 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. 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. Amendments to FINRA Rule 3240: Updates to FINRA’s Borrowing From or Lending to Customers Rule go into effect April 28 to strengthen the general prohibition against borrowing and lending arrangements between registered representatives and their customers, narrow some exceptions, modernize 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 |
