Executive Summary
With the concurrence of the Securities and Exchange Commission (SEC), the Department of the Treasury (Treasury) recently issued a letter clarifying that the recordkeeping requirements of SEC Rule 17a-3 and Rule 17a-4 apply to forward settling repurchase and reverse repurchase agreement transactions (forward repos). In addition, the letter indicates that broker/dealers should
Summary
FINRA amended its Membership Application Program (MAP) rules to create further incentives for the timely payment of arbitration awards by preventing an individual from switching firms, or a firm from using asset transfers or similar transactions, to avoid payment of arbitration awards. The amendments will address situations where: (1) a FINRA member firm hires individuals with pending
Proposed Rule Change to Amend FINRA Rule 2210 (Communications with the Public) to Require Hyperlink to BrokerCheck on Member Websites
Summary
In February 2019, FINRA published Regulatory Notice 19-06, launching a retrospective review of Rule 4370 (Business Continuity Plans and Emergency Contact Information) to assess its effectiveness and efficiency (the BCP Rule Review). The COVID-19 pandemic, beginning in early 2020, caused unprecedented regulatory and operational impacts on member firms and other market participants, as
Requirements of NASD Rule 2420 to broker/dealer arrangement to pay certain commissions and SEC Rule 12b-1 fees to accounts of various employee benefit plan customers.
I am a new retail investor but I have found quickly a strong sentiment of unfair trading practices and market manipulation by hedge funds that leaves retail traders at significant disadvantages. I appreciate the efforts on behalf of FINRA and the SEC to eliminate these events of malpractice by enforcing the rules that are currently in place, as well as, providing the public with more accurate and
Don't mess with rules already in place re leveraged & Inverse funds since I'm waiting to recoupe huge unrealized losses (paper) from a 10 yr SDS ETF speculative investment when the market crashes. Wish the proposed changes were in place 10 years ago now its tooo late to change rules midstream!!
This new rule will surely drive small broker dealers to leave. The regulatory burden has become too much. This new rule is impossible for the small broker dealers to manage as we don't have the resources. The regulations would harm investors by denying them access to a broad range of valuable investments that could help them achieve long-term financial goals.
Proposed Rule Change to Provide Additional Relief Relating to Certain FINRA/Nasdaq Trade Reporting Facility and OTC Reporting Facility Fees
Surveillance and Examinations
FINRA regularly examines funding portal members to determine compliance with FINRA's funding portal rules and SEC requirements. FINRA conducts examinations of each funding portal within the first 12 months of membership and no less frequently than once every four years thereafter. In addition, FINRA conducts ongoing surveillance of funding portals'
