Regulatory Notice 08-24

Proposed Consolidated FINRA Rules Governing Supervision and Supervisory Controls

Comment Period Expired: June 13, 2008

As part of the process of developing a new, consolidated rulebook (the Consolidated FINRA Rulebook),1 FINRA is requesting comment on proposals relating to the FINRA supervision and supervisory control rules (the proposed rules). The proposed rules would re-write certain provisions of the existing supervision and supervisory control rules in a manner that provides firms with greater flexibility to tailor their supervisory and supervisory control procedures to reflect their business, size and organizational structure.

The text of the proposed rules is set forth in Attachment A. Questions regarding this Notice should be directed to:

  • Patricia Albrecht, Assistant General Counsel, Office of General Counsel (OGC), at (202) 728-8026;
  • Brant Brown, Associate General Counsel, OGC, at (202) 728-6927; or
  • Kosha Dalal, Associate Vice President and Associate General Counsel, OGC, at (202) 728-6903.

1 The current FINRA rulebook consists of two sets of rules: (1) NASD rules and (2) rules incorporated from NYSE (Incorporated NYSE Rules) (together referred to hereinafter as the Transitional Rulebook). The Incorporated NYSE Rules apply only to those members of FINRA that are also members of the NYSE (Dual Members). Dual Members also must comply with NASD rules. For more information about the rulebook consolidation process, see FINRA Information Notice, March 12, 2008 (Rulebook Consolidation Process).

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
5/29/2008Thornburg Securities Corp.PDF - 31.8 KB
5/29/2008Purshe Kaplan Sterling InvestmentsPDF - 333.79 KB
5/29/2008Williams Financial Group, Inc.PDF - 32.68 KB
5/30/2008Williams Financial Group, Inc.PDF - 32.62 KB
5/30/2008Baker Avenue Asset ManagementPDF - 28.19 KB
6/2/2008Capitol Wealth, Inc.PDF - 718.29 KB
6/5/2008Hanlon Investment Management, Inc.PDF - 45.73 KB
6/6/2008ProEquities, Inc.PDF - 80.35 KB
6/9/2008Cornerstone Financial PlanningPDF - 45.58 KB
6/9/2008St. Bernard Financial Services, Inc.PDF - 47.84 KB
6/9/2008Liberty Life Securities LLCPDF - 27.85 KB
6/13/2008American Bankers Association, ABA Securities Association and The Clearing House Association LLCPDF - 55.97 KB
6/13/2008NAIFAPDF - 82.26 KB
6/12/2008ICBA Financial ServicesPDF - 85.36 KB
6/10/2008MassMutual Financial GroupPDF - 50.7 KB
6/13/2008Comerica Securities, Inc.PDF - 17.84 KB
6/13/2008M Holdings Securities, Inc.PDF - 68.69 KB
6/13/2008PFS Investments Inc.PDF - 98.04 KB
6/13/2008Northwestern Mutual Investment Services, LLCPDF - 146.31 KB
6/13/2008National Association of Independent Brokers-Dealers, Inc. (NAIBD)PDF - 85.62 KB
6/13/2008WilmerHalePDF - 370.75 KB
6/13/2008SutherlandPDF - 185.77 KB
6/13/2008Charles Schwab & Co., Inc.PDF - 1.09 MB
6/13/2008Coordinated Capital Securities, Inc.PDF - 35.16 KB
6/13/2008George K. Baum & CompanyPDF - 45.01 KB
6/13/2008LPL Financial CorporationPDF - 176.93 KB
6/13/2008Nationwide Financial Services, Inc.PDF - 31.59 KB
6/13/2008Great American Advisors, Inc.PDF - 44.55 KB
6/13/2008Janney Montgomery Scott LLCPDF - 921.75 KB
6/13/2008Goodman & Nekvasil, P.A.PDF - 85.1 KB
6/13/2008Financial Services InstitutePDF - 78 KB
6/13/2008National Society of Compliance Professionals Inc.PDF - 80.78 KB
6/13/2008Securities Industry and Financial Markets AssociationPDF - 132.52 KB
6/13/2008Public Investors Arbitration Bar AssociationPDF - 362.99 KB
6/13/2008RW Smith & Associates, Inc.PDF - 77.54 KB
6/13/2008Financial Planning AssociationPDF - 64.67 KB
6/13/2008Wachovia Securities LLCPDF - 70.85 KB
6/12/2008National Planning Holdings, Inc.PDF - 64.87 KB
6/12/2008WealthTrust - Arizona LLCPDF - 268.64 KB
6/6/2008The Beacon Financial Group Inc.PDF - 12.48 KB
6/19/2008Beacon Wealth Management, LLCPDF - 244.91 KB
6/17/2008Plexus Consulting GroupPDF - 34.18 KB
6/23/2008Beacon Wealth Management, LLCPDF - 226.56 KB
6/30/2008ING Advisors NetworkPDF - 52.13 KB
6/13/2008Prudential FinancialPDF - 299.43 KB
7/3/2008Modern WoodmenPDF - 24.13 KB
7/15/2008National Futures AssociationPDF - 569.2 KB