Board of Governors Meetings
December 15, 2016
Read FINRA President and CEO Robert Cook’s email to firms and watch the video report with highlights from the Board of Governor’s meeting.
December 7, 2016
The FINRA Board of Governors will consider the following rulemaking items at its December 2016 meeting. After the meeting, FINRA will notify firms via email about the Board’s actions and anticipated next steps, if any.
September 30, 2016
Rulemaking items discussed at the September Board meeting include: communications with the public, non-public arbitrator definition and sending arbitrator selection lists to parties.
September 22, 2016
The FINRA Board of Governors will consider the following rulemaking items at its September 2016 meeting. After the meeting, FINRA will notify firms via email about the Board’s action and anticipated next steps, if any.
July 15, 2016
Rulemaking items discussed at the July Board meeting include: alternative display facility; desk research exemption from debt and equity research rules; and expansion of TRACE to U.S. Treasury Securities.
July 8, 2016
The FINRA Board of Governors will consider the following rulemaking items at its July 2016 meeting. After the meeting, FINRA will notify firms via email about the Board’s action and anticipated next steps, if any.
May 6, 2016
Rulemaking item discussed at the May Board meeting include: disruptive quoting and trading activities; gifts, gratuities and non-cash compensation; broadening chairperson eligibility in arbitration; motions to dismiss in arbitration; and panel selection in customer cases with three arbitrators.
February 26, 2016
Rulemaking item discussed at the February 2016 meeting: fixed income pricing disclosure.
December 15, 2015
Rulemaking items discussed at the December meeting include: ATS block data, award offsets in arbitration, qualification and registration, and shortening the settlement cycle.
September 17, 2015
Items discussed at the September meeting include: Financial Exploitation of Seniors and Other Vulnerable Adults; FOCUS Report Supplementary Schedule for Derivatives and Other Off-Balance Sheet Items; OTC Bulletin Board; Securities Trader Qualification Exam Fee; Dispute Resolution Party Portal and Expungement of Customer Dispute Information.
July 9, 2015
Items discussed at the July 2015 meeting include: coordination with the MSRB, fixed income pricing disclosure, and National Adjudicatory Council changes.
April 16, 2015
Rulemaking topics discussed include: communications with the public, mark-up/mark-down rule application to US treasury securities, the municipal adviser exam fee, and the trading activity fee.
February 12, 2015
Rulemaking topics discussed include the following: BrokerCheck disclosure, discretionary accounts and transactions, regulatory element continuing education, sales of securities on military installations, and TRACE transaction reporting and historic data sets.
December 4, 2014
Rulemaking topics discussed include: TRACE - public dissemination of additional securitized products and reduced reporting timeframe; TRACE - indicator when report does not reflect a commission, mark-up/down, or other fee; arbitration hearing cancellation fees; and qualification exam fees.
September 19, 2014
Rulemaking topics discussed include: equity trading initiatives, ATS order book information, expansion of ATS transparency, trade sequencing, clock synchronization, oats non-member reporting, supervision of algorithmic trading strategies, registration of associated persons involved in the preparation of algorithmic strategies, fixed income quotation information, fixed income pricing disclosure, identification of transactions with affiliated entities in TRACE, gross income assessment methodology, recruitment practices, and securities trader and securities trader principal registration categories.
July 10, 2014
Rulemaking topics discussed include: NMS Plan regarding minimum quoting and trading increments and TBA market - proposed amendments to FINRA Rule 4210 (Margin Requirements)
April 24, 2014
Rulemaking topics discussed include: background investigations; customer account statements; panelist pool expansion for disciplinary hearings; and public repository of FINRA Form 211 information.
February 13, 2014
Rulemaking topics discussed include: BrokerCheck link in online retail communications with the public; definitions of public and non-public arbitrators; expungement of customer dispute information; and temporary cease and desist orders, expedited proceedings.
December 6, 2013
Rulemaking topics discussed include: arbitration fees to increase arbitrator honoraria, personal confidential information documents parties file with dispute resolution, funding portal fees, limited corporate financing brokers rule set, OTC reporting facility fees, quotation activities in unlisted securities, rate reimbursement provisions for proxy and other issuer-related materials, and TBA market margin requirements.
September 19, 2013
Rulemaking topics discussed include: Alternative Display Facility, Alternative Trading System (ATS) aggregate volume data fee, disclosures related to recruitment practices and account transfers, and equity trade reporting.
July 11, 2013
Rulemaking topics discussed include: ATS reporting and transparency, BrokerCheck, debt research, dissemination of additional asset-backed securities transactions, funding portal rules, and Uniform Branch Office Registration form (Form BR).
Rulemaking topics discussed include the following:
- Dissemination of TRACE-Eligible Rule 144A Transactions
- ADF Market Participant Requirements
- Arbitration Panel Composition
- Discovery Guide Used in Investor Arbitration Proceedings
- Customer Account Statements
February 14, 2013
Rulemaking topics discussed include: corporate financing, margin requirements for security-based equity swaps, membership rules, and private placement filings.
December 7, 2012
Rulemaking topics discussed include: conflicts of interest relating to recruitment compensation practices, equity trade reporting requirements, expungement for unnamed persons in arbitration claims, FOCUS report supplementary schedule, Interim Form for Funding Portals Under the JOBS Act, and wash sales.
September 14, 2012
Rulemaking topics discussed include: investor use of BrokerCheck information and research rules.
July 13, 2012
Rulemaking topics discussed include: application of proposed markup rules to government securities, classification of mediators under dispute resolution by-laws, debt research conflicts of interest, minor rule violation plan, records to be kept at specially designated locations, release of disciplinary complaints, decisions and other information, reporting requirements, and TRACE factor reporting.
April 23, 2012
Rulemaking topics discussed include: FOCUS report supplementary schedule, markups, commissions and fees, OATS reporting of certain market-making and customer facilitation orders, OCC cleared OTC options and related amendments, "public" arbitrator definition, pricing proposals, and stop orders.
February 17, 2012
Rulemaking topics discussed include: agency pass-through mortgage-backed securities and securities backed by Small Business Administration transactions, deferred compensation arrangements and filing exemption for ETF offerings, margin requirements for credit default swaps, and spinning.
December 9, 2011
Rulemaking topics discussed include: debt research conflicts of interest, expungement for persons not named as parties in arbitration claims, fee adjustment proposals, mediator selection, optional TRACE data delivery services and related fees, subpoenas and orders of production in arbitrations, and threshold for simplified arbitration.
September 23, 2011
Rulemaking topics discussed include: arbitration procedures: whistleblower claims, publicly disseminate transactions in agency pass-through mortgage-backed securities traded "to be announced" (TBA), maintenance of certain records in a central location, and membership application forms.
July 15, 2011
Rulemaking topics discussed include: arbitration claims involving fair labor standards act, DPP/REIT account values, identifying information barriers in OATS, and representing customer interest.
April 18, 2011
Rulemaking topics discussed include: code of procedure, governmental accounting standards board support fee, mid-case arbitration referrals, MPIDs for market access arrangements, private placement of securities, qualification examination and continuing education fees, and trading activity fee rate adjustment.
February 4, 2011
Rulemaking topics discussed include: a study on enhancing investment adviser examinations, a study on investment advisers and broker-dealers, a concept proposal on client disclosure, third-party service providers.
December 9, 2010
Rulemaking topics discussed include: private placements, debt research conflicts of interest, short interest reporting, minimum quotation sizes, consolidated FINRA registration rules, and replies to responses to motions in arbitration.
September 28, 2010
Rulemaking items discussed at the September 2010 meeting include: arbitration, disclosure, statutory disqualifications, executive compensation, and regulatory proposal notification.