SEC Approves Consolidated Financial Responsibility and Related Operational Rules
Extension of Time Requests Relating to FINRA Rule 4210
TO: All NASD Members and Other Interested Persons
ATTN: TRAINING DIRECTORS AND REGISTRATION PERSONNEL
The Qualifications Committee of the NASD Board of Governors is pleased to announce that starting on August 1, 1986, the Financial and Operations Principal Examination (Series 27) will be administered on the PLATO system. Currently, Series 27 is administered as a written examination on the third
Application of the SEC’s Financial Responsibility Rules in Response to the Downgrade of U. S. Long Term Credit Rating by Standard & Poor’s
Executive SummaryFINRA recently held annual elections to fill vacancies on the Small Firm Advisory Committee (SFAC), the Regional Committees and the National Adjudicatory Council (NAC). Additionally, at its December meeting, the FINRA Board of Governors (FINRA Board) appointed several individuals to fill other vacancies on the SFAC and the NAC, and candidates for vacant Regional Committee seats
FINRA has enhanced its engagement with key stakeholders to provide greater transparency and foster dialogue that helps us better understand the industry and markets we regulate.
Examination Findings
Changes to FINRA Advisory Committees
Small Firm Helpline
Small Firm Report
Additional Small Firm Initiatives
Changes to FINRA Rulemaking Process
Changes to Engagement with Member Firms:
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 1015, 9261, 9341, 9524 and 9830 and Funding Portal Rule 900 to allow for video conference hearings before the Office of Hearing Officers (“OHO”) and the National Adjudicatory Council (“NAC”) under specified conditions.
SUGGESTED ROUTING
Legal & ComplianceOperationsSystemsTrading
As of November 26, 1993, the following 105 issues joined the Nasdaq National Market®, bringing the total number of issues to 3,412:
Symbol
Company
Entry Date
SOES Execution Level
DUCR
Duracraft Corp.
10/26/93
1000
ISCO
Illinois Superconductor Corporation
10/26/93
1000
KAMNZ
Kaman Corporation (Dep
Increased levels of regulation (and individual restrictions) of personal finances and investments may seem like the correct answer to protect consumers in today's landscape.
Unfortunately, many well-meaning (but overreaching) restrictions will be pursued. While not apparent at first, these regulations and restrictions will certainly have the opposite of their intended effect.
Regulators
Ivy Ho, Vice President of Technology, leads product development of a diverse portfolio of applications for FINRA’s external stakeholders including FINRA member firms, the Securities and Exchange Commission, other regulators and the public.
Before joining FINRA in 2003, Ms. Ho spent seven years in leadership roles consulting with large corporate clients in delivering innovative
