Guidance

We offer guidance to firms in the form of podcasts, webinars, FAQs, reports, and more. Use the toggle below to find guidance by topic, type or date. 

5 A B C D E F G H I L M N O P Q R S T V

5

A

B

C

D

E

F

G

H

I

L

M

N

O

P

Q

R

S

T

V

Guidance
How to File an Extension of Time With FINRA
FINRA Rule 4230(a) requires clearing firms for which FINRA is the designated examining authority pursuant to SEA Rule 17d-1 to submit requests for extensions of time as contemplated by Regulation T of the Board of Governors of the Federal Reserve System (Regulation T) and SEA Rule 15c3-3(n) to FINRA for approval.
June 30, 2023
Guidance
Extension Reason Codes
List of extension reason codes with summary information and filing details.
June 30, 2023
Guidance
Extensions of Time Filing Schedule
FINRA Rule 4230(a) requires clearing firms for which FINRA is the designated examining authority pursuant to SEA Rule 17d-1 to submit requests for extensions of time as contemplated by Regulation T of the Board of Governors of the Federal Reserve System1 ("Regulation T") and SEA Rule 15c3-3(n)2 to FINRA for approval.
June 30, 2023
Media Center
Preventing Financial Exploitation: Steps for Safeguarding Senior Investors
In recent years, FINRA created the first uniform National Senior Investor Protection Standards. On this episode, we hear an update on where those senior investor protection rules stand today, explore some of the real-world scenarios in their application and provide tips for some of the tricky conversations that financial professionals might face in connection to their application.
June 27, 2023
Report / Study
2022 Annual Financial Report
June 23, 2023
Guidance
Cybersecurity Alert: FINRA Notifies Member Firms of CISA Advisory (AA23-158A)

Impact: All Firms

Update (June 22, 2023): The link to the Advisory issued by CISA on June 7, 2023 has been updated to reflect CISA’s current guidance.

Firms should review this information with any vendors who provide information technology services to the firm.

June 16, 2023
Guidance
Cybersecurity Alert - FINRA Notifies Member Firms of CISA Advisory (AA23-165A)

Impact: All Firms

Firms without dedicated information security professionals may wish to review this information with any vendors who provide those services to the firm.

June 15, 2023
Media Center
The FINRA Examination Team: The Ins and Outs of FINRA’s Annual Program
FINRA's Examination team carries out a core function of FINRA's business by examining every member firm at least every four years and as often as annually, depending on the risk profile of each individual firm. On this episode, leaders from FINRA's Exam program join us for a deep dive into how the program works and what firms can expect during routine firm exams.
June 13, 2023
Guidance
TRACE Foreign Sovereign Debt (Live Nov 6, 2023)
Beginning Monday, November 6, 2023, FINRA will require firms to report transactions in U.S. dollar-denominated foreign sovereign debt securities to TRACE.
June 01, 2023
About FINRA
Report on Use of 2022 Fine Monies

FINRA is a not-for-profit, self-regulatory organization (SRO) dedicated to promoting investor protection and market integrity in a manner that facilitates vibrant capital markets. One of FINRA’s tools for achieving this objective is fair and effective enforcement of member firms’ compliance with securities laws and regulations.

May 31, 2023
Media Center
In Review: Looking Forward with FINRA and Board Chair Eric Noll
Each year, FINRA hosts its Annual Conference in Washington, D.C. packed full of panels with information on all the latest compliance trends and emerging regulatory issues. On this episode, we're taking you behind the scenes of this year's Annual Conference to listen in on a conversation between FINRA President and CEO Robert Cook and the Chair of the FINRA Board of Governors, Eric Noll.
May 30, 2023
Board of Governors Meeting
May 2023 Board Update
During its May 17 and 18 meeting, the FINRA Board of Governors appointed new public governor Lisa Fairfax, approved FINRA’s 2022 Annual Financial Report and appointed new members to FINRA Advisory Committees.
May 25, 2023
Media Center
Enforcement and Economics: Driving Better Case Outcomes Through Collaboration
Litigation economics is not something they teach in most schools, but when it comes to unique or first of their kind enforcement matters, it's an important skill to have. On this episode, we hear how FINRA's Enforcement team has been partnering up with the Office of Regulatory Economics and Market Analysis to ensure better case outcomes.
May 16, 2023
Media Center
A New Twist on New Account Fraud: Detecting and Preventing ACATS Fraud
In recent months, FINRA has published two Regulatory Notices regarding the fraudulent transfer of customer accounts using an automated system called ACATS. On this episode, we'll hear all about what goes into the creation of a Reg Notice and take a deep dive on this particular issue.
May 02, 2023
Guidance
Interpretive Letter to Janet Dyer, National Financial Services, LLC

A clearing member may use negative response letters to assign orphan accounts to an introducing broker-dealer on the clearing member’s platform.

Dear Ms. Dyer:

I am responding to your letter dated March 10, 2023, as supplemented by conversations with the staff, in which you seek interpretive guidance regarding the use of negative response letters by National Financial Services LLC (“NFS”) to assign certain orphan brokerage accounts to an introducing broker-dealer that clears through NFS (the “Receiving Broker-Dealer”).

April 26, 2023
Media Center
2023 Senior Investor Protection Conference: The Latest Trends, Scams and Schemes
In March, FINRA hosted the Senior Investor Protection Conference, a one-day event dedicated to sharing the most up-to-date regulatory information, effective strategies and solutions for protecting senior and other vulnerable investors from exploitation. On this episode, we're taking an abridged look at one of the conference sessions on the various trends, scams and schemes currently impacting investors.
April 18, 2023
Guidance
Insider Threats – Effective Controls and Practices

Overview

This publication outlines emerging insider threat risks and helps member firms identify, prevent, detect, and respond to these threats, including:

April 18, 2023
Guidance
Cybersecurity Alert - Ongoing Phishing Campaign

Impact: All Firms

This notification is to warn member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA and using the domain names “@finrarps.org” or “@finrarps.net”. The domains of “finrarps.org” and “finrarps.net” are not connected to FINRA, and firms should delete all emails originating from these domains. Member firms should be aware that they may receive similar phishing emails from other domain names in addition to those identified in this Alert.

The email from “finrarps.org” states:

April 04, 2023
Media Center
FINRA's Risk Monitoring Program: Understanding the Unique Risks of Every Firm
FINRA's Risk Monitoring team is responsible for assessing financial, operational and business conduct risks that exist within individual member firms and across the industry. But they're also the day-to-day point of contact for firms for any questions they may have for FINRA. On this episode, we hear how they spot and track risks across similar firms.
April 04, 2023
Media Center
Encore | Membership Application Program: Reviewing and Approving Digital Asset Firms
The market for crypto assets has seen continued growth and firms are looking for ways to get involved in the digital asset space. So far, about two dozen firms have been approved by FINRA to provide services in securities backed by digital assets. And more firms are looking to follow in their footsteps. On this episode, we hear about some common sticking points in these new and continuing member applications and how FINRA is working to support innovation while protecting investors in this dynamic environment.
March 21, 2023
Arbitration and Mediation
The Neutral Corner - Volume 1—2023
The Neutral Corner - Volume 1—2023
March 20, 2023
Board of Governors Meeting
March 2023 Board Meeting
FINRA’s Board of Governors met on March 9 and 10, and it approved a proposal to shorten the securities settlement cycle from two business days after the trade date (T+2) to one (T+1) and approved the allocation of 2022 fine monies to various capital initiatives.
March 15, 2023
Media Center
Then and Now: Following Up with the New and Experienced Investors of 2020
In 2020, a surge of new investors entered U.S. securities markets for the very first time, and the FINRA Foundation and its research partners at NORC at the University of Chicago jumped into action to get to know just exactly who these investors were. Two years later, they followed up to see where those investors are now. On this episode, we hear more.
March 07, 2023
Guidance
FINRA Provides Update on Sweep: Social Media Influencers, Customer Acquisition and Related Information Protection
This follow-up to the September 2021 targeted exam (sweep) of firms’ practices related to their acquisition of customers through social media channels and their sharing of customers’ usage information with affiliates and non-affiliated third parties summarizes selected practices FINRA has observed firms implement to this point in the sweep.
February 28, 2023
Guidance
Cybersecurity Alert - Ongoing Phishing Campaign

This notification is to warn member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA and using either the domain name “@finra.eu” and “@finrarec.com”. Samples of both emails are provided in Appendices 1 and 2.

The domains of “finra.eu” and “finrarec.com” are not connected to FINRA, and member firms or their customers may receive similar phishing emails from other domain names in addition to those identified in this Alert.

February 23, 2023