Regulatory Notice 11-32

FINRA Provides Additional Guidance Regarding Reporting Requirements Under Rule 4530


Executive Summary

In February 2011, FINRA issued Regulatory Notice 11-06 informing member firms of SEC approval of new FINRA Rule 4530 governing reporting requirements. FINRA Rule 4530 became effective on July 1, 2011. In March 2011, FINRA issued Regulatory Notice 11-10 reminding member firms of their obligation to electronically report specified events and quarterly customer complaint information and providing further guidance on automated reporting under the new rule. In this Notice, FINRA is providing questions and answers regarding the application of the new rule to assist member firms in their implementation.

 

Questions regarding this Notice should be directed to Afshin Atabaki, Assistant General Counsel, Office of General Counsel, at (202) 728-8902.