NASD has filed with the SEC a proposed rule change to amend NASD Rules 3130, 3131 and the Rule 9410 Series to expand NASD’s authority to take expedited action against all member firms with capital deficiencies, to permit NASD to suspend a member that operates for any period of time with inadequate net capital and to make non-substantive clarifications to these provisions.
SEC Approves Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt temporary Supplementary Material .16 (Temporary Extension of Time to Complete Office Inspections) under FINRA Rule 3110 (Supervision) that, in light of the operational challenges member firms are facing due to the outbreak of the
FINRA Addresses Firms’ Retail Foreign Currency Exchange Activities
Industry Governor (Independent Dealer/Insurance Affiliate)Senior Vice President, General Counsel & Chief Risk OfficerCommonwealth Financial NetworkGovernor Since 2021Committee: Regulatory Oversight CommitteeProfessional ExperienceSenior Vice President, General Counsel & Chief Risk Officer, Commonwealth Financial Network (2021 – present)LPL Financial (2007 – 2021)Executive Vice
Comment Period Expires: April 30, 1997
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Operations
Training
Executive Summary
NASD Regulation, Inc. (NASD RegulationSM) requests comment on new NASD® Rule 3121 that would govern a member's use and release of customer
Seniors make up an increasingly large share of the American population1 and hold higher levels of wealth than other generations. These factors, among others, make seniors an attractive target for financial exploitation, with evidence suggesting that such exploitation has been increasing in terms of both scope and magnitude.
The Technology Management topic of the 2025 FINRA Annual Regulatory Oversight Report (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations, (2) findings and effective practices, and (3) additional resources.
As FINRA’s Ombuds, Sarah Gill serves as an independent, neutral and confidential resource for investors, brokerage firms, individual brokers, FINRA staff and other stakeholders who have questions or concerns regarding activities of FINRA and its employees. She advocates for fair processes and the fair administration of FINRA’s processes.
Ms. Gill previously led FINRA’s State
A member which does not maintain an office in the United States responsible for preparing and maintaining financial and other reports required to be filed with the SEC and FINRA must:
(a) prepare all such reports, and maintain a general ledger chart of account and any description thereof, in English and U.S. dollars;
(b) reimburse FINRA for any expenses incurred in connection with
