Regulatory Notice 07-49

Guidance for Firms Affected by the California Wildfires

In light of the tragic situation resulting from the recent California wildfires, FINRA wants to assure those firms with offices in the affected areas that we will work closely with you as you recover. While we recognize your first priority is the well being of your family, employees and customers, we also understand that some firms are concerned with a number of regulatory and compliance issues. In this regard, FINRA is providing guidance on a variety of topics, including emergency office relocations, continuing education requirements for registered personnel, registered personnel engaged in military duty, books and records, the handling of customers’ funds and securities and customer communication.

Questions or comments concerning this Notice may be directed to:

  • William Jannace, Managing Director, Risk Oversight and Operational Regulation, at (212) 656-2744;
  • Patricia Albrecht, Assistant General Counsel, Office of General Counsel, at (202) 728-8026; or
  • Daniel M. Sibears, Executive Vice President, Member Regulation Programs, at (202) 728-6911.