Upcoming FINRA Board Meeting

December 8, 2025

The FINRA Board of Governors is holding its final meeting of the year this week. 

  • The Finance, Operations and Technology Committee will review FINRA’s 2026 budget.  
  • The Regulatory Policy Committee will:
    • consider a proposal to provide member firms with enhanced tools for senior investor and fraud protection;
    • consider a proposal to permit the use of electronic delivery of information to customers as a default;
    • consider a proposed exemption for collective trust funds from the IPO allocation rules;
    • receive an update on FINRA’s rule modernization initiative, which was launched as part of FINRA Forward, a series of projects to further improve our effectiveness and efficiency; and
    • discuss FINRA’s 2026 Annual Regulatory Oversight Report.

This last item—the Regulatory Oversight Report—is a key resource for member firms with insights from FINRA’s regulatory operations programs, including findings and best practices. The 2026 report covers 21 different topics, including cyber-enabled fraud, senior investor-related issues, generative AI, and much more. We will share it with you tomorrow, much earlier than in the past, in response to member firm feedback. 

You may find more information about the Board’s operations, including the membership and responsibilities of its committees, on FINRA’s governance page.  

I look forward to sharing an update about our discussions shortly after the meeting.

Sincerely,

Robert W. Cook
FINRA CEO