Skip to main content

For updates and guidance related to COVID-19 / Coronavirus, click here.

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. 

4 5 A B C D E F G H I L M N O P Q R S T U V
Guidance

The Fixed Income Distributions file is a cumulative list of distributions that have been announced during the calendar year. These include cash, stock and in kind distributions as a result of a bankruptcy reorganization plan, default interest payments, or other distributions in fixed income securities. FINRA’s Operations Department reviews and processes these company-related actions pursuant to SEA Rule 10b-17 and FINRA Uniform Practice Code (FINRA Rule 11000 Series) to facilitate the orderly trading and settlement of OTC securities.

February 24, 2017
Report / Study

Dispute Resolution is committed to providing a fair, efficient, and economical forum to resolve disputes among investors, securities firms, and individual brokers. To ensure that the forum meets the evolving needs of parties, FINRA formed a task force to consider possible enhancements to its arbitration and mediation forum. The task force comprised individuals, from the public and industry sectors, who represent a broad range of interests in securities dispute resolution. The members of the task force are set forth at the end of this page.

February 08, 2017
A Few Minutes With FINRA
Bill Wollman and Mike Rufino explain the nine risks that inform FINRA’s risk-based examination and surveillance program, and give examples of what staff looks for when assessing a firm’s risk. (19 min. 52 sec.)
January 18, 2017
Technical Documentation
FINRA has developed a video demonstration of the new web-based interface through which firms will begin submitting short interest reports to FINRA effective January 17, 2017.
January 17, 2017
Targeted Examination Letter
FINRA is conducting an inquiry regarding incentives for broker-dealer ("firm") employees to:
October 26, 2016
Compliance Tools
*/ /*-->*/

These reports and report cards display statistics related to firms' compliance with Municipal Securities Rulemaking Board rules and other requirements related to municipal securities and the MSRB's Electronic Municipal Market Access website.

October 25, 2016
Compliance Tools
FINRA has assembled a list of resources that firms may use to manage their cybersecurity risk. These resources include: news and analysis; effective practices and guidance; and free diagnostic tools...
October 25, 2016
Compliance Tools
*/ /*-->*/

These reports and report cards display summaries and statistics related to various risk factors, including canceled trades, sales practice and customer complaints, and more.

October 25, 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
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
Regulatory and Compliance Alerts (RCA)
Age may be "nothing but a number," but when it comes to retirement planning some of those numbers are very important. Here are a few age milestones that it pays to be aware of, whether you are already retired, or charting your retirement course.
July 26, 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
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
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
Guidance
Direct Purchases and Bank Loans as Alternatives to Public Financing in the Municipal Securities Market
April 04, 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
Report / Study

Technology has long played a central role in financial services innovation. It continues to do so today as many firms in the securities industry introduce new digital investment advice tools to assist in developing and managing investment portfolios. FINRA undertook a review of selected digital investment advice tools to assess these developments.

March 15, 2016
Report / Study

FINRA is conducting a retrospective review of the NASD Rule 1010 Series (Membership Proceedings) (collectively, MAP rules), which govern FINRA’s Membership Application Program (MAP).1 The purpose of the review is to assess whether the rules are meeting their intended investor protection objectives by reasonably efficient means and to take steps to maintain or improve the effectiveness of the rules while minimizing negative economic impacts.

March 11, 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