Displaying 1 - 10 of 11365 Results
Key Topic
Information and Testimony Requests FINRA Rule 8210 Provision of Information and Testimony and Inspection and Copying of Books grants FINRA staff and adjudicators authority to inspect and copy the books records and accounts of member firms associated persons and other persons over whom FINRA has jurisdiction relating to investigations complaints examinations or proceedings These records include documents relating to compliance with just and equitable principles of trade other FINRA rules SEC…
Key Topic
Corporate Financing The Corporate Financing Department assists FINRAregulated firms in complying with FINRA rules and federal securities laws by reviewing documents related to firms capitalraising activities and arrangements These services provide protections to investors and issuers by regulating underwriting terms and arrangements and addressing conflicts of interest when underwriters are affiliated with an issuer or receive significant portions of the proceeds in an offering Public…
Key Topic
Annual Reports Every broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934 SEA is required to file an annual report as specified under SEA Rule 17a5d Members must submit their annual reports to FINRA in electronic form through FINRAs Firm Gateway See below for further information on FINRA Firm Gateway Filing with the SEC Pursuant to SEA Rule 17a5d6 members must also file the annual report at the regional office of the SEC in which the firm has its…
Guidance
Firm Identity Protection FINRA has created this page to educate member firms on Firm Identity Theft The page offers information on Fraud techniques used Fraud prevention tips Actions to take in the event of a fraud and Resources to consult for more information See also Customer Information Protection Overview Over the past few years there has been a steady increase in the number of incidents where a person or firm fraudulently uses the identity of a legitimate registered representative or…
Key Topic
October 30, 2018
Municipal Advisor Regulation This page provides general guidance regarding municipal advisor regulation Please refer to the SEC Office of Municipal Securities web page and the Municipal Securities Rulemaking Board website for complete information The SECs final municipal advisor registration and recordkeeping Rules 15Ba11 through 15Ba18 and 15Bc41 were effective July 1 2014 Firms that are engaged or plan to engage in municipal advisory activities must register with both the SEC and the…
Key Topic
August 7, 2018
AntiMoney Laundering AML Firms must comply with the Bank Secrecy Act and its implementing regulations AML rules The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing such as securities fraud and market manipulation FINRA reviews a firms compliance with AML rules under FINRA Rule 3310 which sets forth minimum standards for a firms written AML compliance program The basic tenets of an AML…
Key Topic
March 16, 2017
FinTech FINRA has been actively monitoring financial technologyrelated FinTech developments in the securities industry A growing number of FinTech firms have been embracing new technologies pioneering innovative products and developing clientoriented financial services business models Many traditional financial service providers are also rethinking their business models incorporating these technologies and services As result of these initiatives FinTech is transforming various brokerdealers…
Key Topic
March 9, 2017
Consolidated Audit Trail CAT SEC Rule 613 requires FINRA and the national securities exchanges to jointly submit a National Market System NMS plan detailing how they would develop implement and maintain a consolidated audit trail that collects and accurately identifies every order cancellation modification and trade execution for all exchangelisted equities and options across all US markets FINRA is working with the exchanges to develop an NMS plan that meets the requirements of Rule 613 For…
Key Topic
January 5, 2015
Individual Registration FINRA Fingerprint Process Change FINRAs new fingerprint process for brokerdealer firms and funding portals became effective 7 am ET on Dec 6 2021 consistent with the fingerprint plan filed with and declared effective by the SEC Under the new process brokerdealers and funding portals must route fingerprints to Sterling FINRAs designated fingerprint provider Sterling processes and submits fingerprints to the Department of Justice FBI for brokerdealer firms and funding…
Filing and Reporting
November 15, 2018
Trade Reporting and Compliance Engine TRACE The Trade Reporting and Compliance Engine is the FINRAdeveloped vehicle that facilitates the mandatory reporting of overthecounter transactions in eligible fixed income securities All brokerdealers who are FINRA member firms have an obligation to report transactions in TRACEeligible securities under an SECapproved set of rules Technical Notices Keep track of service alerts changes to documentation and system upgrades Technical Documentation Download…