Features FINRA Board Holds September Meeting At their Sept. 17-18 meeting in New York, the FINRA Board of Governors received a progress update on FINRA Forward and approved related amendments that will replace the day trading and pattern day trading rules, including the minimum equity of $25,000 for pattern day traders, with an intraday margin rule that applies the existing maintenance margin rules to intraday exposure. The amendments will be filed with the SEC for approval. The Board also discussed, among other business, a forthcoming Regulatory Notice that will reduce unnecessary burdens and consolidate prior guidance regarding the use of negative consent for the bulk transfer or assignment of customer accounts. These and other updates are detailed in a letter FINRA President and CEO Robert Cook sent today to member firms. Regulatory Element Training Topics Now Available Members can preview the 2026 Regulatory Element training topics to help prepare for next year’s continuing education requirements. Each year, the Regulatory Element provides training on significant rule changes and other regulatory developments relevant to each registration category. As a reminder, FINRA Rule 1240 requires all registered reps to complete the Regulatory Element annually by Dec. 31 for each registration they hold. You can visit our website and select the appropriate registrations to view the learning plan for those registrations. ICYMI: SEC Requests for Comment on Proposed Rule Changes The SEC issued an order on Sept. 11 instituting proceedings to determine whether to approve or disapprove FINRA’s proposed rule change to amend the FINRA Capital Acquisition Broker (CAB) rules. Comments are due to the SEC by Oct. 7 and rebuttal comments are due by Oct. 21. The SEC issued another order on Sept. 12 instituting proceedings to determine whether to approve or disapprove FINRA’s proposed rule change to amend FINRA Rule 3220 (Influencing or Rewarding Employees of Others) to increase the gift limit from $100 to $300 per person per year, as modified by Amendment No. 1, which was filed on Sept. 11. Comments are due to the SEC by Oct. 8 and rebuttal comments are due by Oct. 22. ICYMI: LULD Plan Operating Committee Seeks Advisory Committee Reps The Limit Up/Limit Down (LULD) Plan Operating Committee is accepting applications for advisory committee representatives, with submissions due Oct. 10. Interested candidates can find detailed information about the advisory committee and application instructions on the LULD Plan website.
|
Regulatory Information, Upcoming Deadlines, Effective Dates |
New - 2026 Regulatory Element: FINRA Rule 1240 requires registered persons to complete the Regulatory Element annually by Dec. 31 for each registration that they hold. See the feature above for more details.
Reminders SEC Requests for Comment CAB Rules: Comments due to the SEC by Oct. 7 and rebuttal comments due by Oct. 21. Gifts Rule: Comments due to the SEC by Oct. 8 and rebuttal comments due by Oct. 22.
New Portal for Office of Hearing Officers Matters: FINRA’s secure electronic portal to replace email as the primary method for the filing and service of documents in Office of Hearing Officers proceedings will go live on Oct. 7. As described in Reg. Notice 25-10, this will modernize service and filing processes in a way that will protect investors and the public interest by promoting efficiency while preserving fair process. FinCEN Extends Deadline for Money Laundering Order: FinCEN revised its June 25 orders prohibiting covered financial institutions from transmitting funds from three Mexico-based entities—CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa, S.A. de C.V. Firms now have until Oct. 20 to implement the orders. FINRA Forward Initiative to Streamline Delivery of Required Information FINRA will adopt new system enhancements on Nov. 3 to enable member firms to electronically deliver required information relating to Form U4, Form U5, and predispute arbitration through our Financial Professional Gateway (FinPro Gateway TM). As a result, member firms will have the option of satisfying those requirements through FINRA systems in a more timely and efficient manner, and at no additional cost. These enhancements are part of FINRA Forward, a series of initiatives to support members, markets, and investors. Timeline for Registration Renewals: The timeline for member firms to renew their registrations is now available. Preliminary statements will be posted to E-Bill on Nov. 10, and renewal reports can be accessed through CRD/IARD for reconciliation purposes. See the Firm Renewal Report Guide for details. The Modern Workplace: Regulatory Notice 25-07 requested comment on further evolving FINRA’s rules, guidance, and processes to reflect modern business practices and markets; support innovation; promote efficiency; and eliminate unnecessary regulatory burdens. The comment period has closed, but we still welcome feedback. Rule Modernization: Regulatory Notice 25-04 requested comment in connection with a broad review of FINRA’s regulatory requirements applicable to member firms and associated persons. The comment period has closed, but we still welcome feedback. Capital Formation: Regulatory Notice 25-06 requested comment on modernizing FINRA rules, guidance, and processes to further facilitate capital formation and reduce unnecessary regulatory costs and burdens impacting the capital raising process. The comment period has closed, but we still welcome feedback.
|
Disciplinary Actions |
FINRA publishes disciplinary actions to remind members of specific conduct that violates FINRA rules and may result in disciplinary action. The September 2025 Monthly Disciplinary Actions are available here. |
Education and Compliance Programs |
|
Resources |
Member Firm Hub – Latest guidance, resources, educational opportunities and more. Involvement and Election Process – How to engage with FINRA to help carry out our mission of protecting investors and safeguarding market integrity. Members can contribute their unique perspectives and skillsets with rotating terms on FINRA committees and other opportunities. Submit an indication of interest to be considered to join a FINRA advisory committee or speak at a FINRA event by clicking here. Membership Application Program (MAP) Tools – Guidance and other resources to help current members prepare for their continuing membership application (CMA) and new applicants prepare for a new member application (NMA). FINRA Unscripted – Monthly podcast on a range of topics important to FINRA members and other stakeholders. Investor Insights – Feature articles on timely topics for investors, which firms are welcome to share with customers. |
Follow FINRA |
|
About FINRAFINRA is a not-for-profit organization dedicated to investor protection and market integrity. FINRA regulates one critical part of the securities industry—member brokerage firms doing business with the public in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org. |
Regulatory Contacts
FINRA By-Laws require member firms to maintain an email account on behalf of their executive representatives, to facilitate firm notification of important information. In light of this, requests from executive representatives to be removed from this email list cannot be honored. Firms wishing to change the name or email address of their executive representative or designated assistant should use the FINRA Contact System: http://www.finra.org/FCS. SubscribersYou received this message because you are currently subscribed to the email subscription list on the FINRA website. To update, use our "update information" or "unsubscribe" forms located at http://www.finra.org/Industry/Subscriptions |
