The Best Execution, Outside Business Activities and Private Securities Transactions, Private Placements, and Reg BI and Form CRS sections of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
December 1998
SEC 1999 BD-Y2K Independent Public Accountant's Report
As discussed in earlier issues of Notices to Members, and in other National Association of Securities Dealers, Inc. (NASD®) publications, the Securities and Exchange Commission (SEC) adopted an amendment to its Rule 17a-5 requiring that broker/dealers file Year 2000 readiness reports (BD-Y2K); the first report was due
January 1999
Contingency Planning
Although most businesses are working diligently to ensure that their Year 2000-related issues will be resolved in time, everyone must anticipate that some things will be overlooked, ignored, or not completed on or before December 31, 1999. In addition, businesses must realize that there are things beyond their control that could impact various entities in 2000
As previously announced, FINRA is introducing changes to the current Trade Data Dissemination Service (TDDS 2.0). protocol and structure.1 These changes are being made in concert with FINRA’s technical infrastructure upgrade, and TDDS clients must accommodate them by December 5, 2022; as of that date the current TDDS 2.0 version will no longer be supported. FINRA is offering testing for
In 2014, FINRA began using AWS instead of on premise resources. As part of this shift, we built a new and more robust large file service (LFS) that leverages cloud resources.
with almost 50 years of investing and advanced degrees and a CHFC certificate to boot, i really enjoy having to sit for a test by someone who has no idea what is my situation. adds delays to investing that may be costly. millions of people are waiting for refunds for the past few years. not enough staff to process and old computers systems etc. how will this bad system be any better. waste of
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Transforming the Securities Industry CE Program
FINRA has adopted important changes to its continuing education (CE) and registration rules to train registered persons more effectively while accommodating registered persons whose personal circumstances take them away from the industry for a
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or
criteria to determine investor understanding are subjective and could lead to
FINRAs scheme is misguided because it: Hurts Investors: It could potentially deny us the freedom to choose investments that could help us achieve long-term financial security. Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or Upends Our Regulatory System: Under the
