3230(c)(3) Clearing Notifications

NASD Rule 3230(c)(3) requires that each year, by no later than July 31, each clearing member firm notify in writing the introducing member firm's chief executive and compliance officers of the reports offered to the introducing member firm pursuant to 3230(c)(1) and the reports requested by or supplied to the introducing member firm as of such date. Rule 3230(c)(3) also requires the clearing member firm to provide a copy of the notice to the introducing member firm's DEA.

 

In light of the pending July 31, 2006 compliance deadline, FINRA Member Regulation Department has centralized the 3230(c)(3) notification submission process, which includes new functionality that allows clearing member firms to submit electronic Adobe PDF files of notifications through this web page.

 

Clearing member firms are now able to submit to FINRA the required notifications and list of reports requested by or supplied to the introducing member firm as of such date in any one of these two ways in compliance with the rule:

 

1. Submission via email of electronic scanned copies in Adobe PDF format for files of 10 megabytes or less in size, averting postal and paper costs - this may be done directly from this web page via clicking on this link to launch our email window, or via separate email to 3230c3Notifications@finra.org; or
   
   
2. Sending paper copies, or alternately data CDs containing Adobe PDF electronic files (the best medium for large submissions of more than 10 megabytes in size), via US Mail or overnight service to the following street address:

 

Attention: 3230(c)(3) Notifications Coordinator

FINRA
Examination Programs
1735 K Street, NW
Washington, DC 20006

 

For questions regarding submissions required by NASD Rule 3230(c)(3), please contact John Barron at (202) 728-8221. For technology related questions, please contact the FINRA Call Center at (800) 321-6273, and follow the prompts to obtain technical assistance.