Proposed Rule Change to Adopt FINRA Rule 4160 (Verification of Assets)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt FINRA Rule 4160 (Verification of Assets). The proposed rule provides that a member, when notified by FINRA, may not continue to custody or retain record ownership of assets, at a non-member financial institution, which, upon FINRA staff’s request, fails promptly to provide FINRA with written verification of assets maintained by the member at such financial institution.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 58.99 KB
Federal Register NoticePDF - 55.4 KB
Extension No. 1PDF - 30.15 KB
Amendment No. 1 to Proposed Rule ChangePDF - 46.24 KB
Approval OrderPDF - 67.18 KB