6 Jan 2025
💰FINRA Proposes New Cost Recovery Fees for Audit Trail Compliance
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend FINRA Rule 6897(b) (CAT Cost Recovery Fees) To Implement a Consolidated Audit Trail Cost Recovery Fee
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendment to FINRA Rule 6897(b) introduces a Consolidated Audit Trail cost recovery fee that will impact industry members financially, particularly related to compliance costs. Businesses should prepare for these additional expenses starting in 2025.