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Get Involved: Indicate Your Interest in Joining FINRA Committees

March 31, 2021
Volume 13

 
 
guidance

Guidance
  • Regulatory Notice
  • Special Notice
upcoming

Upcoming Deadlines and Effective Dates
  • FINRA Request for Comment
education

Education and Compliance Programs



Classic CRD Form U4 filing capabilities retire April 5. The ability to draft and submit Form U4 will no longer be available in Classic CRD after April 4. All other features in Classic CRD will continue to be supported. Pending filings that are not submitted on or before April 4 will be made available in a read-only format through May 15. The Anonymous CRD Registered Representative site will also retire on April 5, and all collaboration with the Allow Rep Edits feature will be performed through FinPro.

Additional CRD Program functionality, including Form U5 and individual disclosure letters, will become available soon in FINRA Gateway. See the Registration Filing in FINRA Gateway page for more information.

 

 Guidance

FINRA Alerts Firms to Recent Increase in ACH “Instant Funds” Abuse

FINRA warns member firms that, over the past two months, we have observed a sharp increase in new customers opening online brokerage accounts and engaging in Automated Clearing House (ACH) “instant funds” abuse to effect securities trading. FINRA urges firms to evaluate and, as appropriate, mitigate the potential financial risk they face in light of the increase in “instant funds” abuse. This could include adjusting the amount of available “instant funds,” delaying the ability to place orders with unsettled funds or by enhancing their account validation processes. See Regulatory Notice 21-14 for additional information.

2021 Advisory Committee Overview and Engagement Notice

FINRA has multiple committees that facilitate effective engagement with its member firms and representatives of the public regarding regulatory and policy initiatives related to FINRA’s mission of promoting market integrity and investor protection in a manner that promotes vibrant capital markets. The purpose of Special Notice 3/26/21 is to encourage employees of member firms and other interested parties with diverse skills, backgrounds, perspectives, and experiences who will provide innovative feedback and support FINRA’s mission of investor protection and market integrity, to become involved in these committees. Interested individuals should use FINRA’s Engagement Portal to submit an online form to be considered for future committee vacancies.

 

 Upcoming Deadlines and Effective Dates

FINRA Request for Comment

FINRA seeks comment on proposed amendments to Rule 4210 (Margin Requirements) that would clarify and incorporate into the rule current interpretations regarding when issued and other extended settlement transactions, and provide relief to facilitate the application of the rule to these transactions. See Regulatory Notice 21-11 for the proposed rule text and additional information. The comment period expires May 14, 2021.
 

 Education and Compliance Programs

Upcoming Webinars: Form U5 and Individual Disclosure Letters in FINRA Gateway. Firms will be granted access to enhanced individual disclosure letter and Form U5 filing functionality in FINRA Gateway this May. Register to attend the following webinars to learn more:

Presentation slides and recordings will be made available on the Registration System Changes Webinar Series page. For more information, see the CRD is Moving to FINRA Gateway page.

Virtual Compliance Boot Camps are almost sold out! These one-hour interactive virtual classroom sessions include training on a variety of topics including Cybersecurity, Anti-Money Laundering (AML), and Social Media and Digital Communications, and provide an opportunity to learn from and work closely with FINRA subject matter experts. Select your sessions and register today.

Register today for FINRA's premier event—the 2021 FINRA Annual Conference. Join us virtually May 18-20 as practitioners, peers and regulators exchange ideas on timely compliance and regulatory topics. Plus—secure your spot at virtual networking events to meet peers in your firm grouping, reconnect with fellow FINRA Alums, or learn more about the CRCP® Program or how to get involved with FINRA.
Seating is limited for Networking Events this year – register by Friday, April 16 to secure your networking event spot(s).

Register for these upcoming FINRA events:

  • FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
    Week I | July 18-23, 2021
  • Advertising Regulation Conference |
    October 14-15, 2021 | Washington, DC
  • Small Firm Conference | October 27-28, 2021 |
    Santa Monica, CA
  • FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
    Week II | November 14-19, 2021

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Regulatory Contacts
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Firms wishing to change the name or email address of their executive representative or designated assistant should do so through the FINRA Contact System (FCS). See
http://www.finra.org/FCS for further information. Requests from executive representatives to be removed from this email notification list cannot be honored.

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