FINRA hosted a Regulation Best Interest (Reg BI) conference on Dec.18, 2019 in Washington, D.C. for firms to discuss best practices and approaches. Approximately 500 compliance officers and other industry participants attended the one-day event focused on assisting firms as they gear up for the June 30, 2020 compliance date for the SEC’s Reg BI and Form CRS.Reg BI establishes a "best
FINRA has been on a hiring spree, working to fill scores of open positions. But given that almost all employees are working remotely as a result of the coronavirus outbreak, how are these new hires getting the equipment to start work from home?The solution: “FINRA in a Box.”That’s what staff call the package FINRA sends to new hires, containing a laptop, onboarding instructions, introductory
Rulemaking topics discussed include:
TRACE - public dissemination of additional securitized products and reduced reporting timeframe;
TRACE - indicator when report does not reflect a commission, mark-up/down, or other fee;
arbitration hearing cancellation fees; and
qualification exam fees.
To date, the helpline has fielded more than 4,200 calls, recovering over $1.3 million in voluntary reimbursements from firms since its launch in April 2015.
FINRA CEO Robert Cook, Board members and FINRA staff provide updates from the February/March 2019 FINRA Board of Governors meeting.
FINRA CEO Robert Cook, members of the FINRA Board of Governors and FINRA staff provide updates from the December 2019 FINRA Board of Governors meeting.
I. IntroductionFINRA, a not-for-profit organization, is dedicated to protecting investors and safeguarding market integrity in a manner that facilitates vibrant capital markets. Authorized by Congress, FINRA works to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly. We oversee more than 624,000 brokers across the country—and analyze billions of
I. IntroductionFINRA, a not-for-profit organization, is dedicated to protecting investors and safeguarding market integrity in a manner that facilitates vibrant capital markets. Authorized by Congress, FINRA works to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly. We oversee more than 624,000 brokers across the country—and analyze billions of
Public GovernorRetiredGovernor Since 2024 Professional ExperienceProfessor, Babson College (1995 – 2023)U.S. Securities and Exchange Commission Director of the Division of Trading Markets (2006 – 2009)Chief Economist (1996 – 1999) Assistant Professor of Finance, Harvard Business School (1989 – 1995)EducationPhD, University of California, Los AngelesMBA, University of
If a PDT account goes under 25k it should still be allowed to trade with settled cash.Why would you prevent the cash from being used at all and force them to convert it to a cash only account?The margin should simply be removed and the customer should be allowed to continue trading with their cash.
