Regulatory Notice 11-52

FINRA Reminds Firms of Their Obligations Regarding the Supervision of Registered Persons Using Senior Designations

Executive Summary

FINRA is publishing this Notice to remind firms of their supervisory obligations regarding the use of certifications and designations that imply expertise,certification, training or specialty in advising senior investors (senior designations). This Notice also outlines findings from a survey of firms and highlights sound practices used by firms with respect to senior designations. Firms are encouraged to adopt the practices that are outlined in this Notice to strengthen their own supervisory procedures, as appropriate to their business.

 

Questions or comments concerning this Notice may be directed to Lisa Stepuszek, Associate Director, Office of Risk, at (561) 443-8015.