FINRA issued $85.5 million in fines in 2023 , and the Board determined that there were $97.8 million in fines-eligible expenditures in 2023 (i.e., capital initiatives, strategic expenditures and other activities eligible to be funded by fine monies based on the criteria set forth above). Because the total of fines-eligible expenditures exceeded the amount of fines issued in 2023, the balance of $12.3 million was funded from FINRA’s reserves and excess operating results.
To conduct securities transactions and business with the investing public in the United States, both firms and individuals must be registered with FINRA. Firms must apply and meet certain membership standards to become a FINRA-registered broker-dealer.FINRA asks that would-be Applicants take time to review and understand all FINRA’s substantive and procedural requirements prior to applying. These
Keep informed about new or complex products, scams and other investing issues.
Trade Reporting Facility Documentation
CRCP Continuing Education Requirement
CRCP® designees are required to complete 12 hours of continuing education (CE) every three years as of their certificate anniversary award date. You can choose your CRCP CE credits from a wide variety of convenient educational formats.
To view a Progress Report listing CE credits you have reported, login to the FINRA CRCP Reporting System. For additional
This webinar highlights FINRA Rule 6151 and provides a demonstration of the Rule 606(a) report submission process, a discussion of the rollout plan and credentialing, and a Q&A segment. The PowerPoint deck to the webinar can be found here.
Sometimes called longevity insurance, deferred income annuities (DIAs) often are purchased as an alternative to a pension by those seeking a set amount of guaranteed income in their later years. These products are typically sold by investment professionals or insurance agents. DIAs should not be confused with deferred fixed income annuities.
September 19, 2022FINRA President and CEO Robert Cook and Vice President of Member Relations and Education Kayte Toczylowski are joined by senior staff to discuss the SEC’s Regulation Best Interest (Reg BI) and Form CRS.Speakers:Robert Cook, FINRA President and Chief Executive OfficerMeredith Cordisco, Associate General Counsel, Office of General CounselNicole McCafferty, Senior Director,
June 6, 2022FINRA President and CEO Robert Cook and Vice President of Member Relations and Education Kayte Toczylowski are joined by senior staff to discuss senior and at-risk investors.Speakers:Robert Cook, FINRA President and Chief Executive OfficerBrooke Hickman, Director, Member SupervisionChristine Kieffer, Senior Director, Investor EducationKayte Toczylowski, Vice President, Member
