FINRA Secures Relief for Member Firms for Certain Record Retention Requirements

Effective February 19, 2008, FINRA member firms can rely on Web CRD to satisfy their record retention requirements with respect to certain Forms U4, U5 and BR filed in Web CRD. Member firms are no longer required to maintain hard copies and/or electronic images of these forms, provided they adhere to the terms of the no-action relief granted by the staff of the SEC.

Questions concerning this Notice should be directed to Richard E. Pullano, Chief Counsel and Associate Vice President, Registration and Disclosure, at (240) 386-4821; or John D. Nachmann, Senior Counsel, Registration and Disclosure, at (240) 386-4816.