1. FINRA Information Notice 4.19.22 FINRA Membership Application Program Transformation

    The Notice shares key operational changes in FINRA’s Membership Application Program (MAP) implemented to improve its effectiveness and efficiency (MAP Transformation), including establishing a centralized application intake function and aligning the program with the firm grouping model developed by FINRA’s Member Supervision Department during its recent transformation.

    4/19/2022

  2. FINRA Regulatory Notice 22-11 FINRA Reminds Firms of Their Sales Practice Obligations for Alternative Mutual Funds

    Recently, FINRA took enforcement action against several firms for failing to establish or maintain a reasonably designed supervisory system for recommendations of alternative mutual funds, also sometimes referred to as “alt funds” or “liquid alts” (“Alt Funds”). FINRA is continuing to note such deficiencies in its examinations and communications reviews of such products.

    4/19/2022

  3. FINRA Regulatory Notice 22-10 FINRA Reminds Member Firms of the Scope of FINRA Rule 3110 as it Pertains to the Potential Liability of Chief Compliance Officers for Failure to Discharge Designated Supervisory Responsibilities

    Chief Compliance Officers (CCOs) at member firms play a vital role. For example, CCOs and their compliance teams help design and implement compliance programs, help educate and train firm personnel, and work in tandem with senior business management and legal departments to foster compliance with regulatory requirements. In this way, CCOs help promote strong compliance practices that protect investors and market integrity, as well as the member firm itself.

    3/17/2022

  4. FINRA Regulatory Notice 22-09 Accelerated Processing of Arbitration Proceedings

    FINRA requests comment on a proposed rule to accelerate arbitration proceedings for seriously ill or elderly parties.

    3/16/2022

  5. CBOE Regulatory Circular 22-007 Option Customer Account Approval and Supervision

    Cboe issues notice to remind Trading Permit Holders and Members (collectively “Members”) of the approval requirements for customers seeking to trade options in their account. Members are prohibited from accepting orders from a customer to purchase or write an option contract unless the customer’s account has been approved for options transactions in accordance with the provisions set forth in the Exchanges’ rules governing the opening of accounts.

    3/15/2022

  6. CBOE Regulatory Circular 22-006 Upcoming Continuing Education Program Changes and Key Dates

    Cboe issues notice to remind Trading Permit Holders and Members (collectively “Members”) of the approval requirements for customers seeking to trade options in their account. Members are prohibited from accepting orders from a customer to purchase or write an option contract unless the customer’s account has been approved for options transactions in accordance with the provisions set forth in the Exchanges’ rules governing the opening of accounts.

    3/14/2022

  7. FINRA Regulatory Notice 22-08 Complex Products and Options

    FINRA reminds members of their sales practice obligations for complex products and options and solicits comment on effective practices and rule enhancements

    3/8/2022

  8. FINRA Regulatory Notice 22-05 FINRA Adopts Amendments to FINRA Rule 2165

    FINRA has adopted amendments to Rule 2165 (Financial Exploitation of Specified Adults) to permit member firms to: (1) place a hold on a securities transaction (in addition to the already-permitted hold on a disbursement of funds or securities) where there is a reasonable belief of financial exploitation; and (2) extend a temporary hold on a disbursement or transaction for an additional 30 business days, beyond the current maximum of 25 business days (for a total of 55 business days), if the member firm has reported the matter to a state regulator or agency, or a court of competent jurisdiction. The amendments to Rule 2165 become effective March 17, 2022.

    2/15/2022

  9. FINRA Information Notice - FINRA Announces Rule 4111 (Restricted Firm Obligations) Evaluation Date

    FINRA Rule 4111 (Restricted Firm Obligations) became effective on January 1, 2022. The Notice announces that the first “Evaluation Date” for Rule 4111 will be June 1, 2022.

    2/1/2022

  10. FINRA Regulatory Notice 22-04 FINRA Reminds Member Firms of Obligation to Execute Marketable Customer Orders Fully and Promptly

    In light of the increasingly automated markets for NMS stocks, FINRA is issuing this Notice to remind member firms of their obligation to execute marketable customer orders fully and promptly. We also are reminding firms of their obligation to ensure that their supervisory systems are reasonably designed to achieve compliance with this obligation.

    1/21/2022

Page  1  of  145 Next >>