ACTION REQUIRED
Fee-Based Compensation
SUGGESTED ROUTING
KEY TOPICS
Legal and Compliance
Registered Representatives
Senior Management
Charges for Services Performed
Fee-Based Compensation
NASD Rule 2110
NASD Rule 2430
Executive Summary
Fee-based programs typically charge a customer a fixed fee or percentage of assets
Executive Summary
The purpose of this Election Notice is to notify FINRA small firm members of the distribution of ballots to elect one New York Region representative to the Small Firm Advisory Committee (SFAC). FINRA small firm members1 in the New York Region as of the close of business on Friday, October 21, 2022, are eligible to vote in these elections.
Ballots are due by Wednesday
As a former FINRA RIA, I have demonstrated the requisite qualifications to sell capital markets products to my customers. Gauging an individual investor's suitability based on net worth is not only misguided, it's also insulting. I should be able to invest in whichever product I deem appropriate. Particularly at a small amount. Without some bureaucrat's input who knows nothing
Richard W. Berry is Executive Vice President and Director of Dispute Resolution Services (DRS).
Prior to serving in this capacity, Mr. Berry was Senior Vice President, Dispute Resolution. In that role, he oversaw the four regional offices-New York, Boca Raton, Chicago and Los Angeles-and the New York Case Administration unit.
Mr. Berry joined FINRA, then NASD, in 1995 as head of Dispute
Public GovernorKPMG LLP, Former Managing DirectorGovernor Since 2021Committees: Finance, Operations & Technology Committee, Regulatory Oversight Committee, Regulatory Policy CommitteeProfessional ExperienceManaging Director, KPMG LLP (2014 – 2020)Deloitte & Touche Consulting Managing Director, Banking & Securities Regulatory Practice (2012 – 2014)
Industry Governor (Small Firm Representative)President & Chief Compliance Officer, M.E. Allison & Co., Inc.Governor Since 2019Committees: Audit & Risk Committee, Regulatory Oversight CommitteeProfessional ExperiencePresident & Chief Compliance Officer, M.E. Allison & Co., Inc. (2022 – present)Chief Compliance Officer, M.E. Allison & Co
Industry Governor (Small Firm Representative)President and CEO, Bley Investment Group, Inc.Governor Since 2018Committees: Finance, Operations & Technology Committee, Regulatory Policy CommitteeProfessional ExperiencePresident and CEO, Bley Investment Group, Inc. (2021 – Present)President, CFO, CCO, McLaughlin Ryder Investments, Inc. (2020 – 2021)Executive Vice President,
Sec. 5.9 Notwithstanding Section 5.6, the term of office of a National Adjudicatory Council member shall terminate immediately upon a determination by the FINRA Board, by a majority vote, that: (a) the member no longer satisfies the classification (Industry, Non-Industry, or Public member) for which the member was appointed or elected; and (b) the member's continued service as such
(a) No communication with the public by a capital acquisition broker may:
(1) include any false, exaggerated, unwarranted, promissory or misleading statement or claim;
(2) omit any material fact or qualification if the omission, in light of the context of the material presented, would cause the communication to be misleading;
(3) state or imply that FINRA, or any other corporate
FINRA Member Supervision and Market Regulation and Transparency Services provide insights into 2024 key examination and investigation priorities and recent findings related to fixed income securities and municipal advisory activities. This free, 75-minute session assists firms in understanding what to expect in 2024, topics that firms should consider to bolster their compliance practices and get
