By Robert Cook, President and CEO, FINRA. Last month, the SEC issued an exemptive order providing significant relief from the personally identifiable information (PII) reporting requirements of CAT (the Exemptive Order). This was an important step towards reducing unnecessary PII risk associated with CAT, and was directionally consistent with a blog I previously wrote calling for CAT to stop collecting and storing investors’ PII. As discussed below, however, the Exemptive Order did not eliminate all PII from CAT.
I am a private investor and am writing this letter to express my concerns with the actions proposed in the FINRA regulatory notice 22-08. The actions described in the notice seem to fall under the premise that the government can chose the publicly traded investments that are best for me or worse, I have to jump through hoops to pass some sort of government test to invest in things such as
Please do NOT take moves to restrict my right to invest in leveraged or inverse funds. Whether I choose to make such investments should be MY decision, based on my own knowledge and judgment, not that of a regulatory body such as FINRA. I have used leveraged and inverse funds for many years, always as a very small part (less than 5%) of my investment portfolio. I use them sometimes as a hedge and
I oppose any restrictions to my right to invest in public securities like leveraged and inverse funds. As a private citizen I, not a regulator, should be able to choose the public investments that are right for me and my family. I don't feel I should have to go through any special process like passing a test before I can invest in leveraged and inverse funds. I did the homework BEFORE
Based on my own investment and accounting experience, education and forma FINRA licensing I am capable of understanding leveraged and inverse funds and their risks. I should not be required to go through any special process or passing a special test before I can invest in any public securities, including leveraged and inverse funds. I should be able to choose whatever public or private
The Cyber and Analytics Unit (CAU) within FINRA’s Member Supervision program is highlighting the new SEC rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure that were adopted on July 26, 2023. The SEC adopted final rules requiring disclosure of material cybersecurity incidents on Form 8-K and periodic disclosure of a registrant’s cybersecurity risk management, strategy and governance in annual reports.
Answers to frequently asked questions regarding FINRA Rule 3310 and AML program requirements.
Anyone who follows the stock market knows that some days market indexes and stock prices move up, and other days they move down. This is called volatility. The more dramatic the swings, the higher the level of volatility—and potential risk.
INFORMATIONAL
Revised Forms U-4 And U-5
Effective Date: March 18, 2002
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Release DateSystemAreaDescriptionAugust 1, 2025FINRA GatewayIndividual ProfilesBug Fix: The Reg Element CE course and its credits are not displayed in the IAR CE sub-section under Continuing Education section. With this fix, the user will be able to view all the applied or excess courses including Reg Element CE course. Enhancements: The tooltip languages for eligible
