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FINRA’s Board of Governors Met Last Week for the Third Time in 2018

July 25, 2018
Volume 30

  • Regulatory Notice

Upcoming Deadlines and Effective Dates
  • Election Notice

Education and Compliance Programs

Tune in to the FINRA Unscripted podcast to hear FINRA leaders review existing and emerging regulatory topics that impact the broker-dealer industry, as well as other insights into the operations of FINRA.

Tom Gira, Executive Vice President, Market Regulation and Transparency Services, explains how FINRA’s use of technology, specifically the cloud and machine learning, has improved FINRA’s quality of regulation. Listen to the podcast.

FINRA’s Board of Governors met last week for the third time in 2018. The Board approved four rule proposals related to the expansion of custodians of books and records; the use of electronic signatures in authorizing the use of discretion in a customer’s account; expansion of OTC equity volume data published on; and identifying and reporting hedge transactions in U.S. Treasury securities. The Board also reviewed some possible changes to FINRA’s examination program structure, and reviewed and approved several Special Notice Task Force recommendations to build on the progress FINRA has made with respect to transparency and governance.


SEC Approves Amendments to Arbitration Codes to Provide an Additional Hearing Option in Simplified Arbitration
FINRA has amended its rules to provide a new option for simplified arbitration. The amendments provide an additional hearing option for parties in arbitration with claims of $50,000 or less, excluding interest and expenses. The amendments, described in Regulatory Notice 18-21, are effective September 17, 2018.

 Upcoming Deadlines and Effective Dates

FINRA will conduct its Annual Meeting of firms on Tuesday, August 28, 2018. The purpose of the meeting is to elect individuals to fill one small firm seat, one mid-size firm seat and one large firm seat on the FINRA Board of Governors. Firms that are members of FINRA as of the close of business on Friday, July 20, 2018, are eligible to vote. See Election Notice 7/23/18.

 Education and Compliance Programs

Free on-demand recordings of available sessions from FINRA's 2018 Annual Conference are now available to member firms and CRCP graduates.

Download the conference agenda for the FINRA Small Firm Conference, which takes place November 7 – 8 in Santa Monica, CA. Highlights include detailed exchanges on industry and regulatory updates, and the opportunity for participants to share insights and effective practices. Register today.

Register today for two upcoming Member Forums. The forums, designed for FINRA member firms, feature panel discussions around the future landscape of the financial services industry and provides opportunities to engage in key discussions with FINRA staff and connect with industry leaders and peers. There is no cost to attend the forums. Register today to attend a forum in your area.

District compliance events are designed for compliance and legal professionals at FINRA member firms, and offer an opportunity to hear about current regulatory issues while engaging with District Office staff. Review the list of upcoming events being held in the Boca Raton, Chicago, Denver, Dallas, Woodbridge, Kansas City, Los Angeles, and Atlanta districts.

Review the compliance calendar to see a complete list of events that may be in your area.

FINRA is hosting several upcoming Half-Day Compliance Boot Camps across the country, each with different areas of focus. Review the list of upcoming July events, or visit FINRA's website for a full list of FINRA's Compliance Boot Camps and to register.

Upcoming Half-Day Compliance Boot Camps:

  • August 9, 2018 | Del Mar, CA
  • August 28, 2018 | Southfield, MI
  • September 13 | Dallas, TX
  • September 18 | St. Louis, MO

Also coming up:

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