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Notification Preferences Now Available in FINRA Gateway

December 22, 2021
Volume 51


  • UPC Advisories

Upcoming Deadlines and Effective Dates
  • FINRA Requests for Comment
  • SEC Request for Comment
  • Upcoming Effective Date

Education and Compliance Programs

As a reminder, December 13 was the payment deadline for Preliminary Statements of registration renewal fees, and Final Statements will be available in E-Bill on January 2, 2022. Failure to pay may result in all registrations terminating, effective December 31, 2021. This annual program simplifies firms' registration renewal process with FINRA and participating regulators by requiring just one payment to FINRA. See Regulatory Notice 21-39 and visit the Annual Renewal Program webpage for details.


Notification preferences now available in FINRA Gateway. The new Notification Preference page allows users to subscribe to specific notifications and choose if they want to be notified via web and/or by email. By default, users are subscribed to only web notifications. Users can update their preferences by clicking on the gear icon in the top right corner of the Notification bell dropdown in FINRA Gateway.


UPC Advisories

The following UPC Advisories were published in the last week:

  • UPC #132-21: Green Brick Partners Inc (OTC Symbol: GBRPV)
  • UPC #133-21: Green Brick Partners Inc (OTC Symbol: GBRPP)

 Upcoming Deadlines and Effective Dates

FINRA Requests for Comment

FINRA is soliciting comment in Regulatory Notice 21-40 on a proposal to amend FINRA Uniform Practice Code Rule 11880 (Settlement of Syndicate Accounts). The proposed amendments would reduce the maximum time for the final settlement of syndicate accounts in a public offering of corporate debt securities from 90 days to 30 days following the syndicate settlement date. Comments are requested by January 18, 2022.

NEW: In August 2019, FINRA launched a retrospective review that, among other things, sought stakeholders’ input on the effectiveness of Rule 3240 (Borrowing from or Lending to Customers). Based on feedback received during the review, FINRA proposed several amendments to Rule 3240 in Regulatory Notice 21-43. Comments are requested by February 14, 2022.

SEC Request for Comment

The SEC requests comment on FINRA’s proposal to amend FINRA Rule 6730 (Transaction Reporting) to require members to append modifiers to identify delayed Treasury spot and portfolio trades when reporting to FINRA’s Trade Reporting and Compliance Engine (“TRACE”). Comments are due December 28, 2021. See the Federal Register notice.

Upcoming Effective Date

FINRA has adopted new rules to address firms with a significant history of misconduct. New Rule 4111 (Restricted Firm Obligations) requires member firms that are identified as “Restricted Firms” to deposit cash or qualified securities in a segregated, restricted account; adhere to specified conditions or restrictions; or comply with a combination of such obligations. New Rule 9561 (Procedures for Regulating Activities Under Rule 4111) and amendments to Rule 9559 (Hearing Procedures for Expedited Proceedings Under the Rule 9550 Series) establish a new expedited proceeding to implement Rule 4111. The new rules and rule amendments, outlined in Regulatory Notice 21-34, become effective on January 1, 2022.

 Education and Compliance Programs

Register for access to listen to the latest Small Firm Conference Call: Continuing Education (CE) Transformation and Year-End Reminders. FINRA President and CEO Robert Cook and Vice President of Member Relations and Education Kayte Toczylowski were joined by Vice President of Testing and Continuing Education David Scrams to discuss the CE Transformation, including information on the Maintaining Qualifications Program and the transition to an annual Regulatory Element requirement.

Reserve your spot now for the 2022 FINRA Institute at Georgetown Certified Regulatory and Compliance Professional (CRCP)® Program in Washington, DC! This popular 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. Both Week I and Week II sold out this year. Be sure to register early to secure your seat. Week I will be held on July 17 – 22 and Week II will be held on November 13 – 18.

Register for all of FINRA’s upcoming events:

  • 2022 FINRA Annual Conference | May 16 – 18, 2022 | Washington, DC
  • FINRA Institute at Georgetown Certified Regulatory and Compliance Professional® Program
    • Week I | July 17 – 22, 2022 | Washington, DC
    • Week II | November 13 – 18, 2022 | Washington, DC

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Regulatory Contacts
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