To Whom It May Concern at FINRA,I’m writing as a long-time trader in the OTC markets to share my honest concerns about how Rule 15c2-11 has impacted retail investors like myself.This rule may have been created with good intentions — to protect investors and clean up bad actors — but the way it’s been enforced has done real damage to people who’ve spent years trading these markets responsibly.
A.1 Should CABs be permitted to engage in a broader range of M&A and private placement activities than currently specified in the CAB rules? Answer: Probably not.A.2 CABs may not act as an agent for secondary transactions involving unregistered securities, other than in connection with the change of control of a privately held company. Should CABs be permitted to act as placement
Compliance Outreach Program for Municipal Advisors
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the FINRA Capital Acquisition Broker Rules.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to stay the effectiveness of specified expulsions and FINRA actions.
As an owner of a Registered Investment Advisory (RIA) firm having registered representatives at a member firm that is independent and not affiliated in any manner with my RIA firm, I strongly object to the newly proposed Rule 3290 in Regulatory Notice 25-05.This proposed Rule would subject certain independent RIA/IAs to an additional layer of corporate and regulatory oversight that doesn’t exist
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to modify the implementation schedule of amendments adopted in SR-FINRA-2024-019 with respect to fees for filing documents pursuant to the securities offering rules under Section 7 of Schedule A to the FINRA By-Laws.
Ms. Jennifer Piorko Mitchell Office of theCorporate Secretary FINRA1700 K StreetWashington, DC 20006Re: Request for Comment on Regulatory Notice 25-05Dear Ms. Mitchell,As an owner of a Registered Investment Advisory (RIA) firm having registered representatives at a member firm that is independent and not affiliated in any manner with my RIA firm, I strongly object to the newly proposed Rule 3290
Monday, May 12, 2025 Ms. Jennifer Piorko Mitchell Office of the Corporate Secretary FINRA 1735 K Street Washington, DC 20006 RE: Request for Comment on Regulatory Notice 25-05 Dear Ms. Mitchell, As an owner of a Registered Investment Advisory (RIA) firm having registered representatives at a member firm
Re: FINRA Proposed Rule 3290Proposed Rule 3290 does not address the transition from Rule 3270 to the proposed rule. Specifically, to what extent and for how long would a previous notification and approval of an outside business activity under Rule 3270 satisfy the requirements of the proposed rule? Previous notifications and approvals under Rule 3270 should continue to be
