Board Approves Rule Proposals and FINRA’s 2023 Budget, Previews 2023 Report on FINRA’s Examination and Risk Monitoring Program
WASHINGTON—FINRA’s Board of Governors held its fifth and final meeting of the year on Dec. 14-15. During the meeting, the Board approved two rule proposals and FINRA’s 2023 proposed budget, appointed members to the Small Firm Advisory Committee (SFAC) and National Adjudicatory Council (NAC), and previewed the 2023 Report on FINRA’s Examination and Risk Monitoring Program.
News Releases & Statements
One in Five Investors Started Investing Recently
Younger Investors More Comfortable with Risky Investments
One Third of Investors Open to Cryptocurrencies
WASHINGTON—A substantial proportion of investors joined the market relatively recently, younger investors are more likely to engage in riskier investment behaviors and a third of investors are considering investing in cryptocurrencies.
REMA brings together the Office of the Chief Economist and the Office of Financial Innovation
WASHINGTON—FINRA announced today that it has promoted Jonathan Sokobin to Executive Vice President and Head of the newly created Office of Regulatory Economics and Market Analysis (REMA).
Sokobin, previously Senior Vice President and Chief Economist, will remain Chief Economist and a member of FINRA’s management committee, and continue to report to FINRA President and CEO Robert Cook.
New Committee Highlights FINRA’s Commitment to Improving DEI in the Securities Industry
WASHINGTON—FINRA announced today that it has established an Industry Diversity Advisory Committee, advancing its commitment to diversity, equity and inclusion (DEI) in the securities industry.
The FINRA Board of Governors appointed members to the new committee at its September meeting, implementing a recommendation by FINRA’s Racial Justice Task Force (RJTF).
Playbook Can be Accessed by 1.7 Million Girls, Including 571,000 From Communities of Color
WASHINGTON—The FINRA Investor Education Foundation (FINRA Foundation) announced today that it has partnered with Girl Scouts of the USA (GSUSA) to launch new financial education programming and resources to meet the needs of girls and their families in underserved communities.
Pennington Elected to One of Three Large-Firm Seats on FINRA Board
WASHINGTON—FINRA announced today that Penny Pennington, Managing Partner of Edward Jones, was elected as a large-firm governor of the FINRA Board of Governors at a special meeting of large-firm members.
The Technology is Designed to Enhance Firms’ Compliance Efforts, Reduce Costs and Aid in Risk Management
WASHINGTON—FINRA announced today that it has launched a machine-readable rulebook initiative designed to enhance firms’ compliance efforts, reduce costs and aid in risk management.
The Fellowship Program Gives Military Spouses Resources and Accreditation to Help Their Community Overcome Financial Strains and Advance Their Careers
WASHINGTON—The FINRA Investor Education Foundation (FINRA Foundation) and the Association for Financial Counseling and Planning Education® (AFCPE®) announced today the 2022 FINRA Foundation Military Spouse Fellowship recipients.
WASHINGTON—FINRA announced today that it has fined Barclays Capital Inc. (Barclays Capital) $2 million for failing to comply with its best execution obligations in connection with its customers’ electronic equity orders.
WASHINGTON—FINRA announced today that it has fined UBS Securities LLC (UBS) $2.5 million for Regulation SHO (Reg SHO) violations and supervisory failures spanning a period of nine years.