Small Firms Information

Small Firms Information

FINRA has created this page to provide information for the small firm community—those firms with 150 or fewer registered representatives. This page contains current and past communications, links of interest to small firms, and other information. 

 

 

You may also email us with your comments and questions regarding small firm issues. 

 


 

Updated: August 19, 2014

FINRA Small Firm Conference
December 10-11, 2014
San Francisco, CA
 

Registration is open for FINRA's new Small Firm Conference, which focuses on small firms' practices and tips for complying with FINRA rules. Each session begins with a FINRA staff member highlighting key requirements of a rule, and then small firm panelists provide a step-by-step approach for complying with that particular rule. Featured topics include supervision, suitability, anti-money laundering and outside business activities, among others. FINRA Chairman and CEO Rick Ketchum is delivering the keynote address.
 

Visit the Small Firm Conference page for more information—including the online brochure, complete with an agenda and session descriptions—and to register.

 


 

Updated: August 4, 2014

Small Firm CRCP Scholarship
FINRA Now Accepting Applications

FINRA is offering three scholarships to industry professionals from small firms to attend the FINRA Institute at Wharton Certified Regulatory and Compliance Professional (CRCP) program. The scholarship covers full tuition for the entire CRCP program, including room and board at Wharton. FINRA is accepting applications through October 10, 2014.

For more information, including eligibility requirements, the selection process and application form, please visit the CRCP Program Scholarship page.

 


 

Updated: July 18, 2014

FINRA Board of Governors Elections: Small Firm Candidates Questions and Answers

 

On Thursday, August 14, 2014, FINRA will conduct its annual meeting of firms to elect individuals to fill one small firm seat and one large firm seat on the FINRA Board of Governors.

 

To help small firms make an informed decision and help candidates promote their platforms, the Small Firm Advisory Board (SFAB) invited the four small firm governor candidates to voluntarily answer five questions.

 

 


  

Updated: March 19, 2013

On-demand Webinars

 

FINRA's free on-demand video webinars include panel discussions with FINRA staff and/or industry experts, and feature online resource materials. The following webinars are available on-demand:

  • New Supervision and Supervisory Control Rules
  • Regulatory Initiatives
  • Discussion With the Small Firm Advisory Board
  • Suitability: Findings and Industry Practices

 


 

Other Announcements

 

FINRA Rulebook Consolidation

 

To help firms keep track of the various phases of the rulebook consolidation, FINRA has created a special Web page that centralizes rulemaking activity for the FINRA Rulebook.

 


 

Quarterly Disciplinary Review

 
View the latest issue of the Quarterly Disciplinary Review, a summary sampling of recent disciplinary actions involving misconduct by registered representatives that call attention to, and remind registered representatives and firms of, specific conduct that violates FINRA rules and may result in disciplinary action.

 


 

FINRA Rule Filing Status Report

 

The FINRA Rule Filing Status Report provides firms with a comprehensive list of FINRA rule filings currently pending with the SEC, as well as FINRA rule filings approved by the SEC, filed with the SEC for immediate effectiveness, or withdrawn within the last six months.

 


 

PCAOB-Registered Auditors Required for Fiscal Years Ending After December 31, 2008: Additional Guidance Available and Certification of Annual Audits Reminder

 

In Information Notice 12/9/09, FINRA reminds firms that their auditor must be registered with the Public Company Accounting Oversight Board (PCAOB). FINRA recommends that firms verify the PCAOB registration status of the auditor they plan to use to audit their annual financial statements. If the accounting firm is not yet registered with the PCAOB, FINRA suggests that firms encourage the auditor to apply for registration as soon as possible.

 

FINRA will treat financial statements certified by an auditor who is not PCAOB-registered as not having been filed under Schedule A of the FINRA By-Laws, Section 4(g)(2)&(3). Such firms are subject to suspension under the procedures set out in FINRA Rule 9552 (Failure to Provide Information or Keep Information Current).

 

The following resources may be useful to firms seeking to comply with the PCAOB-registered auditor requirement:

 

 


 

Refer to the Small Firms Information Archive page for previous postings.

Last Updated: 8/19/2014