Small Firm Report

Background

Small firms represent a critical portion of FINRA’s membership and often face regulatory challenges that are unique from their large firm counterparts. In an effort to provide additional compliance education and consistent with the FINRA360 goal of being a more effective regulator, FINRA launched The Small Firm Report in April 2018. The Small Firm Report is a free conference call series hosted by senior FINRA leaders who discuss trending topics, new rules and regulatory guidance and best practices, as well as answer questions from participants.

By mid-2019, FINRA had hosted several calls with participation ranging from 600 to 800 individuals per call. The quarterly 45-minute conference calls have focused on a number of topics, including the changes underway to enhance and streamline FINRA’s exam program, proposed rule changes on outside business activities, the introduction of the Securities Industry Essential Exam, digital communications and survey results regarding millennial attitudes on investing. 

Summary of Actions

Held regular conference calls on regulatory topics of interest to small firms, and published recordings of the calls on finra.org.