Industry News

FINRA Regulatory Notice 23-02 FINRA Amends FINRA Rule 2231

FINRA has adopted amendments to Rule 2231 (Customer Account Statements) to add eight new supplementary materials pertaining to: compliance with Rule 4311 (Carrying Agreements); the transmission of customer account statements to other persons or entities; the use of electronic media to satisfy delivery obligations; compliance with Rule 3150 (Holding of Customer Mail); the information disclosed on customer account statements; assets externally held; the use of logos and trademarks, etc.; and the use of summary statements. Several of these new supplementary materials are derived largely from Temporary Dual FINRA-NYSE Rule 409T (Statements of Accounts to Customers) and Temporary Dual FINRA-NYSE Rule Interpretation 409T (together, the NYSE provisions). These changes become effective on January 1, 2024.

1/18/2023