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Guidance
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Disciplinary Actions
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Upcoming Deadlines and Effective Dates
• SEC Requests for Comment
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Education and Compliance Programs
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"As we at FINRA think about how to go about addressing these challenges, as we stay “Future Focused,” our mission stays clear: investor protection and market integrity. That is our North Star. That is what controls the what we are trying to achieve, the outcomes we are expected to work towards and how we make judgment calls when we are confronted with difficult decisions. Investor protection and market integrity, that is at the root of it all.”
Read more from Robert Cook’s welcome remarks at FINRA’s 2023 Annual Conference.
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Registration is open for 2024 FINRA Annual Conference. Take advantage of the early bird discounted rates and reserve your spot at this popular, sell-out event.
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Guidance
Training, Guidance for Treasury Large Position Reporting
In its May 3, 2023, Quarterly Refunding Statement, Treasury announced that it plans to conduct a call for large position reports sometime over the next three months. The Statement also noted that Treasury is offering a free virtual workshop on June 9, 2023, 1 p.m. - 2 p.m. ET regarding its Large Position Reporting rules, which apply to all U.S. and foreign entities that may control a large position in a specified Treasury security. The workshop is closed to the press. To register for the workshop complete the online registration form.
Treasury also posted updated Supplementary Formula Guidance for preparing and submitting a report in accordance with the Large Position Reporting rules. The guidance, which was developed in response to questions and feedback from reporting entities, is structured in a Q&A format and provides detailed examples of how to report specific transactions in the LPR formula.
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Disciplinary Actions
FINRA publishes disciplinary actions to remind registered representatives and firms of specific conduct that violates FINRA rules and may result in disciplinary action. FINRA recently published the May 2023 Monthly Disciplinary Actions.
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Upcoming Deadlines and Effective Dates
SEC Requests for Comment
The SEC requests comment on FINRA’s proposal to amend FINRA Rule 3110 (Supervision) to adopt a voluntary, three-year remote inspections pilot program to allow member firms to elect to fulfill their obligation under paragraph (1) to Rule 3110(c) (Internal Inspections) by conducting inspections of some or all branch offices and locations remotely without an on-site visit to such office or location, subject to specified terms. Comments are due May 25, 2023. See the Federal Register notice.
The SEC requests comment on FINRA’s proposal to amend FINRA Rules 1015, 9261, 9341, 9524 and 9830 and Funding Portal Rule 900 to allow for video conference hearings before the Office of Hearing Officers and the National Adjudicatory Council under specified conditions. Comments are due May 25, 2023. See the Federal Register notice.
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Education and Compliance Programs
Beginning June 9, 2023, candidates will need an approved accommodation to schedule an online appointment for an NFA or FINRA exam (other than the SIE). Online appointments scheduled to be taken after Sept. 9, 2023, will be canceled if the candidate does not have an approved accommodation.
Learn more in the How to Schedule an Appointment to Take Exams Online (Remotely) section of the Schedule an Exam page.
Registration is now open for our Fall Conference Line-Up.
FINRA’s Firm Grouping Conference is an in-person event designed to provide FINRA member firms the opportunity to engage in conversations on key topics tailored to each firm grouping. This conference also offers networking opportunities to meet with other professionals across firm segments and FINRA senior leadership including a significant presence of Member Supervision officers and senior directors.
FINRA's Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules. Throughout the event, attendees have the opportunity to discuss small firm topics with FINRA senior staff.
The 2023 FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP)® Program brings together world-renowned professors, expert faculty and fellow industry participants for two non-consecutive weeklong courses on the foundation, theory and practical application of securities laws and regulation. Reserve your spot now for Week II on November 12 – 17. Looking ahead? Registration is open for Week I in 2024.
Don’t miss out! Registration Systems Foundation In-Person Training returns June 8 in St. Petersburg, FL. This one-day training is designed for firm compliance personnel who are new to registration and licensing or need to become more familiar with navigating FINRA Gateway and submitting Uniform Forms. Space is limited, so register early.
Firm compliance personnel who are new to registration and licensing—or would like to become more familiar with navigating related systems—are invited to join FINRA virtually August 2 – 3 for an upcoming Registration Systems Foundation training. These training sessions run noon to 5 p.m. ET on two consecutive days. See the Virtual Training Schedule & How to Register page for more information.
Register for all of FINRA’s upcoming events:
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