FINRA Rule 1017 requires advance notice—but not prior approval—of changes of ownership or control in the form of a Continuing Membership Application. Form CMA must be filed at least 30 days prior to making such a change to give FINRA an opportunity to conduct a preliminary analysis of the change based on FINRA Rule 1014.A firm may affect the change before the final, written decision is
(a) Payment to TreasurerAll fines and other monetary sanctions shall be paid to the Treasurer of FINRA and shall be used for the general corporate purposes.(b) Summary Suspension or Expulsion(1) After seven days notice in writing, FINRA may summarily suspend or expel from membership a member that fails to:(A) pay promptly a fine or other monetary sanction imposed pursuant to Rule 8310 or cost
Unless otherwise provided in the decision issued under Rule 9349 or Rule 9351, a sanction (other than a bar, an expulsion, or a permanent cease and desist order) specified in a decision constituting final disciplinary action of FINRA for purposes of SEA Rule 19d-1(c)(1) shall become effective on a date to be determined by FINRA staff. A bar or a permanent cease and desist order shall become
FINRA Fixed Income Regulation, Member Supervision, and Market Regulation hosted a webinar that provided key insights and discussion areas of focus for 2025 examinations and investigations related to fixed income securities and municipal advisory activities. This free webinar assists firms in understanding what to expect in 2025, identifying areas where they can bolster their compliance practices
FINRA Provides Limited Relief Regarding Requirement to Promptly Transmit Funds in Connection With Sales of Securities on a Subscription-Way Basis for the Purpose of Completing Suitability Reviews Under Identified Conditions
In March 2016, the SEC approved the adoption of FINRA Rule 2273 (Educational Communication Related to Recruitment Practices and Account Transfers).
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.
The observations and practices in this report
