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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
Interpretive Letter
Direct Participation Programs Representatives are eligible to sell shares of a non-listed business development company that qualifies as a regulated investment company under the Internal Revenue Code at the time of sale.
December 01, 2014
Guidance

FINRA Rule 2360(b)(3)(B) provides that "...no member shall effect for any account in which such member has an interest, or for the account of any partner, officer, director or employee therof, or for the account of any customer, an opening transaction in an option contract of any class of index options dealt in on an exchange if the member has reason to believe that as a result of such transaction the member or partner, officer, director, or employee thereof, or customer, would, acting alone or in concert with others directly or indirectly, hold or

October 29, 2014
Guidance

FINRA Rule 2359(a) provides that “…no member shall effect for any account in which such member has an interest, or for the account of any partner, officer, director or employee thereof, or for the account of any customer, a purchase or sale transaction in an index warrant listed on a national securities exchange if the member has reason to believe that as a result of such transaction the member, or partner, officer, director or employee thereof, or customer would, acting alone or in concert with others, directly or indirectly, hold or control an aggreg

October 29, 2014
Guidance

FINRA Rule 2360(b)(3)(B) provides that “…no member shall effect for any account in which such member has an interest, or for the account of any partner, officer, director or employee thereof, or for the account of any customer, an opening transaction in an option contract of any class of index options dealt in on an exchange if the member has reason to believe that as a result of such transaction the member or partner, officer, director or employee thereof, or customer, would, acting alone or in concert with others, directly or indirectly, hold or cont

October 29, 2014
Guidance

FINRA Rule 2360(b)(2) provides that “[t]he position and exercise limits for FLEX Equity Options for members that are not also members of the exchange on which FLEX Equity Options trade shall be the same as the position and exercise limits as applicable to members of the exchange on which such FLEX Equity Options are traded.”

October 29, 2014
Guidance
The Trading Examinations Unit (“TEU”) within the Trading and Financial Compliance Examinations (“TFCE”) group of the Market Regulation Department at FINRA is conducting a review of processes and procedures of ABC Securities LLC (“the Firm”) in connection with order routing and execution quality of customer orders in exchange listed stocks.
July 01, 2014
Guidance
FINRA Revises the Investment Company and Variable Contracts Products Principal (Series 26) Examination Program
April 30, 2014
Interpretive Letter

NASD Rule 2711 - Research Analysts and Research Reports

April 28, 2014
Notice
2014 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
April 21, 2014
Notice
Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
April 11, 2014
Guidance
Extension of Time Requests Relating to New SEA Rule 15c3-3(d)(4)
March 25, 2014
Guidance
FINRA Announces Updates of the Interpretations of Financial and Operational Rules
March 24, 2014
Guidance
FINRA Announces Updates of the Interpretations of Financial and Operational Rules
February 07, 2014
Exemptive Letter
Exemptive Letter to Venu Palaparthi, NPM Securities LLC
January 07, 2014
Targeted Examination Letter
FINRA is conducting an assessment of firms’ approaches to managing cyber-security threats. FINRA is conducting this assessment in light of the critical role information technology (IT) plays in the securities industry, the increasing threat to firms’ IT systems from a variety of sources, and the potential harm to investors, firms, and the financial system as a whole that these threats pose.
January 01, 2014
Guidance
FINRA Reminds Firms of Their Responsibilities Concerning IRA Rollovers
December 30, 2013
Guidance
eFOCUS System Updates Applicable to Joint Broker-Dealers/Futures Commission Merchants
December 19, 2013
Guidance
FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements
November 01, 2013
Guidance
FINRA Revises the Investment Company and Variable Contracts Products Representative (Series 6) Examination Program
October 31, 2013
Guidance
Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
October 18, 2013
Report / Study

Conflicts of interest can arise in any relationship where a duty of care or trust exists between two or more parties, and, as a result, are widespread across the financial services industry. While the existence of a conflict does not, per se, imply that harm to one party’s interests will occur, the history of finance is replete with examples of situations where financial institutions did not manage conflicts of interest fairly.

October 14, 2013
Guidance
FINRA Highlights Examination Approaches, Common Findings and Effective Practices for Complying With its Suitability Rule
September 25, 2013
Guidance
FINRA Revises the Series 16 Examination Program
August 28, 2013
Interpretive Letter
Request for Interpretive Guidance on FINRA Rule 2111 (Suitability) in Relation to EB-5 Program Securities Transactions
August 26, 2013
Guidance
FINRA Updates Form for Filing Private Placements of Securities Pursuant to FINRA Rules 5122 and 5123
August 19, 2013