PKS Financial/Bison Wealth Comment On Regulatory Notice 25-05
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D Smith Comment On Regulatory Notice 25-05
I see no reason why a financial advisor should need permission from a broker/dealer before owning crypto assets. This has nothing to do with their duties as advisors.
Separately, allow me to say wow. How much time and energy did staffers at FINRA spend on the excessive verbiage that went into this notice and all the deliberations over proposing such a silly and unnecessary rule? You guys need to be DOGE'd.
Mark Comment On Regulatory Notice 25-05
I oppose FINRA Regulatory Notice 25-05 and Proposed Rule 3290
Glen Messier Sr Comment On Regulatory Notice 25-05
I just don't see the benefit of this rule change requirement. Especially after the fact. If it were a requirement originally OK, but not afterwards. Maybe make it a requirement for new RIA's or post date it to a future date requirement. If FINRA interferes with Crypto investments at this stage it will just hurt all investors. FA's wiil just go to the alternative route, therefore eliminating the FINRA rule change, or FiNRA itself alltogether. We need pro active Crypto investment support at this point not hindered by a stupid unnecessary rule change.
2024081209801 Frank E. Lumpuy CRD 2108307 AWC lp (2025-1749082807387).pdf
From September 2014 through December 2023, while associated with Kovack, Lumpuy
engaged in an outside business activity without providing Kovack with complete and
accurate written notice of his activities, in violation of FINRA Rules 3270 and 2010. As a
result of these violations, Lumpuy has agreed to a two-month suspension from
associating with any FINRA member in all capacities and a $5,000 fine.
FINRA Statement to Correct Misinformation About FINRA’s Outside Activities Proposal
FINRA recently proposed amendments to streamline and reduce unnecessary burdens regarding existing requirements addressing outside activities of broker-dealers’ associated persons. Unfortunately, several recent statements published in news media mischaracterize FINRA’s proposal in a number of ways.
Vendor Vigilance: Navigating Third-Party Risk
Third-party risk is the most clicked-on topic in FINRA's 2025 Regulatory Oversight Report. But what is third-party risk and why are people so interested in it? What can FINRA member firms do to mitigate that risk? And how can FINRA help? These questions will be answered on the latest episode of FINRA Unscripted, featuring a returning guest, FINRA's Executive Vice President of Member Supervision Greg Ruppert.