Deferred variable annuities are hybrid investments containing securities and insurance features. Their sales are regulated both by FINRA and the Securities and Exchange Commission (SEC). These annuities offer investors choices among a number of complex contract features and options.
Due to the complexity and confusion surrounding them, which can lead to questionable sales practices, variable
FINRA oversees a diverse set of broker-dealer firms that make up a vibrant securities industry. Every registered firm at one time or another must engage with FINRA's Membership Application Program, or MAP. In this episode, we learn more about MAP and some of the recent and ongoing enhancements to the program.
The Communications with the Public section of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
FINRA Enforcement works on the front lines of investor protection.
INFORMATIONALAmendments to the Corporate Financing RuleEffective Date: March 22, 2004SUGGESTED ROUTINGKEY TOPICSLegal & ComplianceOperationsSenior ManagementBridge LoansCompensation LimitationsDerivativesInvestment BankingRule 2710Rule 2810Venture CapitalExecutive SummaryOn December 23, 2003, the Securities and Exchange Commission (SEC) approved amendments to Rule 2710 (Corporate
This is absolutely crazy.
Institutional investors and others have long had access to and the ability to invest in equities that were never available to the public, including pre-IPO, private placements, and other vehicles to either hedge their investments or generate returns they would otherwise not see.
Blanket limitations based on vague wording are not only wrong but another means of
Cover Letter from FINRA Chairman and CEO, Rick Ketchum
January 11, 2013
Today, FINRA published its eighth annual
2013 Regulatory and Examination Priorities Letter
to highlight the key issues that are significant to our regulatory programs. This letter is an important part of our work to support your efforts to regularly update your compliance capability. It is my
FINRA's Securitized Products 144A Dissemination ServiceSM (SP-144ASM) broadcasts last sale price and other relevant trade data for U.S. dollar-denominated private placement, investment grade and high yield securitized product bonds to authorized market data vendors.
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Table of Contents
Figure 2.1 Total Number of FINRA-Registered Firms, 2015−2019
Figure 2.2 Firm Distribution by Size, 2015−2019
Table 2.2 Firm Distribution by Size, 2015−2019
Figure 2.3 Securities Industry Registered Firms by Type of Registration, 2010−2019
Table 2.3 Securities Industry Registered Firms by Type of Registration, 2010−2019
Figure 2.4 Distribution of Branches by Firm
FINRA’s 144A Dissemination ServiceSM (144ASM) broadcasts last sale price and other relevant trade data for U.S. dollar-denominated private placement, investment grade and high yield corporate bonds to authorized market data vendors.