Regulatory Notice 10-25

FINRA Requests Comment on Proposed Registration Category, Qualification Examination and Continuing Education Requirements for Operations Professionals

Comment Period Expired: July 12, 2010
The comment period was extended to July 30, 2010.

FINRA requests comment on a proposal to establish a registration category, qualification examination and continuing education requirements for certain operations personnel. The proposal would expand FINRA's registration requirements to include as qualified and registered persons certain individuals who are engaged in, or supervising, activities relating to sales and trading support and the handling of customer assets to enhance the regulatory structure surrounding a member firm's back-office operations. As further detailed in this Notice, the proposed Operations Professional registration category generally is aimed at capturing those persons with decision-making and/or oversight authority in direct furtherance of the covered operations functions. Persons required to register under this proposal also would be subject to FINRA's continuing education requirements.

The text of the proposed rules is set forth in Attachment A.

Questions regarding this Notice should be directed to:

  • Joe McDonald, Director, Testing and Continuing Education Department, at (240) 386-5065; or
  • Erika L. Lazar, Counsel, Office of General Counsel, at (202) 728-8013.
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
5/26/2010Brian MarcottePDF - 16.37 KB
6/18/2010Transcend CapitalPDF - 53.3 KB
7/16/2010Freestone Capital Management LLCPDF - 23.67 KB
7/26/2010Wellington Shields & Co. LLCPDF - 74.54 KB
7/26/2010Northwestern Mutual Investment Services LLCPDF - 876.63 KB
7/27/2010Wall Street Financial Group IncPDF - 95.06 KB
7/28/2010Wells Fargo AdvisorsPDF - 137.91 KB
5/27/2010Navidar GroupPDF - 18.42 KB
5/28/2010M. Griffith Investment ServicesPDF - 31.43 KB
7/9/2010NPB Financial Group, LLCPDF - 19.57 KB
7/9/2010Regional Municipal Operations AssociationPDF - 24.27 KB
7/9/2010American Investors CompanyPDF - 31.78 KB
7/8/2010Horace Mann Investors, Inc.PDF - 77.3 KB
7/8/2010MWA Financial Services Inc.PDF - 367.81 KB
7/1/2010Arnold & Porter LLPPDF - 377.94 KB
6/30/2010United Planners Financial ServicesPDF - 31.32 KB
6/24/2010Martin Nelson & Co., Inc.PDF - 13.53 KB
6/24/2010RiverStone Wealth Management, Inc.PDF - 17.79 KB
6/24/2010Zelman Partners LLCPDF - 28.51 KB
6/2/2010Doug SchrinerPDF - 12.66 KB
7/13/2010Equity Services IncorporatedPDF - 75.81 KB
5/26/2010RBC Wealth ManagementPDF - 15.64 KB
7/29/2010Morgan StanleyPDF - 604.01 KB
7/29/2010Great National Investment CorporationPDF - 30.93 KB
7/29/2010Rockfleet Financial Services, Inc.PDF - 52.08 KB
7/29/2010CISIPDF - 1.05 MB
7/28/2010NationwidePDF - 54.89 KB
7/28/2010FirstBank Puerto Rico Securities CorpPDF - 14.49 KB
7/28/2010Quasar Distributors, LLCPDF - 390.82 KB
7/28/2010T. Rowe Price Investment Services, Inc.PDF - 705.09 KB
7/30/2010ACLIPDF - 84.22 KB
7/8/2010Mutual Trust Co. Of America SecuritiesPDF - 27.96 KB
7/30/2010Charles SchwabPDF - 248.94 KB
7/30/2010PershingPDF - 167.57 KB
7/30/2010Pacific Select DistributorPDF - 77.35 KB
7/30/2010Sutherland Asbill& Brennan LLPPDF - 3.78 MB
7/30/2010Commonwealth Financial NetworkPDF - 83.3 KB
7/30/2010NASAAPDF - 131.77 KB
7/30/2010Insured Retirement InstitutePDF - 769.26 KB
7/30/2010SIFMAPDF - 63.36 KB
7/30/2010Investment Program AssociationPDF - 1.09 MB
7/30/2010ARMPDF - 40.13 KB
7/30/2010Bank of AmericaPDF - 1.24 MB
7/30/2010Crowell, Weedon & Co.PDF - 75.07 KB
7/12/2010NFP Securities, IncPDF - 187.55 KB
7/30/2010Financial Services InstitutePDF - 128.36 KB
7/30/2010NSCPPDF - 59.13 KB
7/30/2010TIAA-CREFPDF - 660.63 KB
8/2/2010Scottrade, Inc.PDF - 278.74 KB