Skip to main content

FINRA Board of Governors Meets for General Policy Discussions

July 13, 2022
Volume 28


  • Rule 4111 Annual Calculation Report – Now Available
disciplinary actions

Disciplinary Actions


Upcoming Deadlines and Effective Dates
  • FINRA Request for Comment
  • SEC Request for Comment
  • Treasury Department Notice and Request for Information

Education and Compliance Programs

FINRA’s Board of Governors holds its mid-year meeting July 13-14. The Board will engage in a series of general policy discussions, including reviewing how the industry is evolving, presentations on economic and market trends, and meetings with various policymakers. In addition to these discussions, the Board will attend a reception on Capitol Hill celebrating the 20th anniversary of the Trade Reporting and Compliance Engine (TRACE)—FINRA’s real-time, over-the-counter price dissemination service for the fixed income market—as well as the fifth anniversary of the reporting of transactions in Treasury securities to TRACE.


FINRA Rule 4111 Annual Calculation Report – Now Available

Member firms can now access the new Rule 4111 Compliance Tool to review their annual calculation report. This tool helps assess, as of the June 1, 2022, evaluation date, whether your firm has met the Rule 4111 Preliminary Criteria for Identification, including the Preliminary Identification Metrics.

To access the Rule 4111 Compliance Tool, a firm’s Super Account Administrator (SAA) can assign eligible users the “Firm View Rule 4111 Compliance Tool” entitlement in the FINRA Account Management System located in the FINRA Gateway under Registrations, in the CRD section. If a firm’s SAA does not grant this entitlement to any of its users, the firm will be unable to access the tool. The tool is found in FINRA Gateway under the Reports tab.

For more information, consult the Rule 4111 FAQ, the Rule 4111 Compliance Tool Glossary and watch a virtual demonstration of the Rule 4111 Compliance Tool, all available on


 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 posted the following disciplinary item on the website this week:

  • FINRA barred Brandon Autiero of New Jersey and Harris Kausar of New York from the securities industry for cheating during qualification examinations administered online. The enforcement actions are FINRA’s first in connection with cheating on remote exams.
 Upcoming Deadlines and Effective Dates

FINRA Request for Comment

FINRA is soliciting comment on a proposal to establish a new trade reporting requirement for transactions in over-the-counter options on securities with terms that are identical or substantially similar to listed options. FINRA is proposing to require firms to report this information to FINRA on a daily basis (end-of-day) for regulatory purposes only. Comments are due September 20, 2022. See Regulatory Notice 22-14.

SEC Request for Comment

The SEC requests comment on FINRA’s proposal to amend Rule 6750 (Dissemination of Transaction Information) to provide that FINRA may publish or distribute aggregated transaction information and statistics on U.S. Treasury Securities on a more frequent basis. Comments are due July
 22, 2022. See the Federal Register notice.

Treasury Department Notice and Request for Information

The U.S. Department of the Treasury has issued a Request for Information seeking comment on additional post-trade transparency for data regarding secondary market transactions in U.S. Treasury Securities, including the potential benefits and risks of several potential ways to build on existing public transparency. See the Notice Seeking Public Comment. Comments are due 60 days after the date of publication of the Notice in the Federal Register.


 Education and Compliance Programs

Week I of the 2022 FINRA Institute at Georgetown CRCP® Program is sold out and Week II has limited spots available. Reserve your spot now and join us in Washington, D.C., on November 13-18. View the Week II detailed schedule for a look at what sessions are being held and the participating faculty.

Thinking ahead and want to reserve your spot for next year? Registration for 2023 Week I is now open.

Register for all of FINRA’s upcoming events:

  • FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
    • Week II | November 13 – 18, 2022 | Washington, DC
  • Advertising Regulation Conference | October 20 – 21, 2022 | Washington, DC and Virtual
  • Small Firm Conference | November 9 – 10, 2022 | Santa Monica, CA and Virtual

FINRA logo

 facebook   twitter   linked in

Regulatory Contacts
FINRA By-Laws require member firms to maintain an Internet email account on behalf of their executive representatives. This facilitates firm notification of important publications and information added to the FINRA website.

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 for further information. Requests from executive representatives to be removed from this email notification list cannot be honored.

You received this message because you are currently subscribed to the email subscription list on the FINRA website. To update, sign up for other email lists or cancel your subscription at any time, use our "update information" or "unsubscribe" forms located at