Skip to main content
Welcome to the new FINRA.org. Learn more about our updates.
Create your own user feedback survey

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. 

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

These report cards support firms' compliance with Chicago Board Options Exchange and C2 Options Exchange rules.

October 24, 2016
Video

FINRA President and CEO Robert Cook and Chairman of the Board Jack Brennan review rulemaking and other issues discussed at FINRA's September Board of Governors meeting. In addition to the video, a summary of the board actions is also available.

September 30, 2016
Targeted Examination Letter
FINRA is conducting an inquiry with respect to Unit Investment Trust (“UIT”) rollovers. In connection with our inquiry, we request that firm provide the following documents and information for the period from January 1, 2014 through June 30, 2016 (the “Review Period”) to the undersigned by no later than October 10, 2016.
September 13, 2016
Guidance
Effective July 10, 2017
September 07, 2016
FAQ
In March 2016, the SEC approved the adoption of FINRA Rule 2273 (Educational Communication Related to Recruitment Practices and Account Transfers).
August 19, 2016
Exemptive Letter
Application for exemptive relief from trade reporting obligation for certain teransactions on an Alternative Trading System
August 09, 2016
Targeted Examination Letter
FINRA is conducting an inquiry with respect to non-traded Business Development Companies (“BDCs”).
August 04, 2016
Guidance

July 27, 2016

Mr. Thomas S. Vales
Chief Executive Officer
TMC Bonds L.L.C.
850 3rd Avenue, 9th Floor
New York, NY 10022


Re: Application for Exemptive Relief from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System 

Dear Mr. Vales:

July 27, 2016
Video

FINRA Chairman and CEO Rick Ketchum and Lead Governor Jack Brennan review rulemaking and other issues discussed at FINRA's July Board of Governors meeting. In addition to the video, a summary of the board actions is also available.

July 15, 2016
FAQ
Q1. Is a firm required to report on the OBS the market value of underwriting commitments entered into on a “best efforts” basis?
A1. No. Underwriting commitments entered into on a “best efforts” basis are not required to be reported on the OBS.
Q2.
June 16, 2016
Guidance
Application for Exemptive Relief from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System
June 09, 2016
Compliance Tools
FINRA has created a checklist to assist small firms in establishing a cybersecurity program.
May 23, 2016
Guidance
Based on the information provided in your application, and conditioned upon Tradeweb Direct providing the items listed below, the staff has determined that Tradeweb Direct meets the specified criteria and hereby grants, pursuant to FINRA Rule 9610, Tradeweb Direct an exemption from the trade reporting obligation under FINRA Rule 6730, subject to the monthly transaction reporting obligation and remission of the transaction reporting fees based on the fee schedule set forth in Rule 7730(b)(1) for each exempted sell transaction occurring on the ATS.
May 16, 2016
Targeted Examination Letter
In connection with the Mutual Fund Waiver Sweep and pursuant to FINRA Rule 8210, FINRA requests that the Firm provide the following documents and information to FINRA staff on or before June 10, 2016 regarding the above referenced Sweep.
May 16, 2016
Video

FINRA Chairman and CEO Rick Ketchum and Lead Governor Jack Brennan review rulemaking and other issues discussed at FINRA's February Board of Governors meeting. In addition to the video, a summary of the board actions is also available.

May 06, 2016
A Few Minutes With FINRA
Dan Sibears, FINRA’s Executive Vice President of Regulatory Operations – Shared Services, expands upon the organization’s March 2016 Digital Investment Advice Report.
March 23, 2016
Interpretive Letter
A member firm that provides services to Non-ERISA Plan participants and beneficiaries may rely on the filing exclusions contained in Rule 2210(c)(7)(B) and (C) in preparing and distributing a “Model Disclosure” as described in the letter, subject to the stated conditions and obligations discussed in the letter.
March 22, 2016
FAQ
DR Portal FAQ for Arbitrators and Mediators
March 17, 2016
Targeted Examination Letter
Firm culture has a profound influence on how a broker-dealer conducts its business, including how it manages conflicts of interest.
February 18, 2016
A Few Minutes With FINRA
Joe Savage, FINRA Vice President and Counsel – Regulatory Policy, expands upon FINRA Regulatory Notice 15-50, which describes FINRA Rule 2210 requiring firms to include a link to BrokerCheck on their website. He also provides details on several optional BrokerCheck-related tools and resources.
February 04, 2016
FAQ
FINRA Rule 5131 (New Issue Allocations and Distributions) addresses potential misconduct in the allocation and distribution of new issues.
January 29, 2016
FAQ

The following FAQs are being provided in addition to Q10 - Q21 in Section II of the Data Collection Requirements for Broker-Dealers FAQs published by the Plan Participants on October 12, 2015.

January 14, 2016
FAQ
Tick Size Pilot OATS Data Collection FAQ
January 12, 2016
Exemptive Letter
Exemptive relief is denied based on: Firm D was subject to a ban that was discernible via a review of publicly available Forms G-37 which disclosed that a PAC controlled by Firm D or a Firm D MFP made political contributions to the Issuer Officials; Firm D had a long history of making contributions to the Issuer Officials; the ban attached to Firm A upon completion of the acquisition of Firm D; neither Firm A nor Firm D attempted to obtain refunds of the contributions; Firm A’s proposed supervisory systems are not adequate to address regulatory concerns presented.
January 04, 2016
Guidance

Effective June 6, 2016, FINRA Rule 2210 (Communications with the Public) requires a firm to include a readily apparent reference and hyperlink to BrokerCheck on the initial Web page that the firm intends to be viewed by retail investors, and any other Web page that includes a professional profile of one or more registered persons, who conduct business with retail investors. A summary of the rule’s requirements is available in Regulatory Notice 15-50.

December 17, 2015