Regulatory Notice 11-28

FINRA Requests Comment on Amendments to Schedule A of the FINRA By-Laws to Implement an Accounting Support Fee to Fund the Governmental Accounting Standards Board

 

Comment Period Expired: August 1, 2011

Executive Summary

The Securities and Exchange Commission (SEC) has issued an order requiring FINRA to establish a reasonable annual accounting support fee (GASB Accounting Support Fee) to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB), pursuant to Section 19(g) of the Securities Act of 1933. FINRA requests comment on the proposed amendments to Schedule A of the FINRA By-Laws that would establish this fee, which would be allocated among FINRA member firms based on municipal securities transactions reported to the Municipal Securities Rulemaking Board.

 

The text of the proposed amendments is in Attachment A to this Notice.

 

Questions concerning this Notice should be directed to Brant K. Brown, Associate General Counsel, Office of General Counsel, at (202) 728-6927.

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The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.


Comments By Date Received
Brown & Brown Financial Services, Inc. (PDF 37 KB) 7/13/2011
NPB Financial Group, LLC (PDF 42 KB) 7/27/2011
City of Bay City, Michigan (PDF 15 KB) 7/28/2011
Third Party Marketers Association, Inc. (PDF 112 KB) 7/28/2011
GFOA (PDF 40 KB) 8/1/2011
SIFMA (PDF 203 KB) 8/1/2011
Roosevelt & Cross (PDF 19 KB) 8/1/2011
NASACT (PDF 26 KB) 8/1/2011
Bond Dealers of America (PDF 143 KB) 8/1/2011
NAIBD (PDF 95 KB) 8/2/2011
Hartfield Titus & Donnelly, LLC (PDF 2,824 KB) 8/11/2011