⚖️FINRA's Proposed Rule Change on Sanctions Effectiveness
The SEC published a notice regarding FINRA's proposed rule change that allows delayed effectiveness of certain sanctions and actions. The amendments provide a framework for firms to seek relief before sanctions become effective, addressing the balance between regulatory enforcement and firms' rights to contest disciplinary measures. The change aims to enhance procedural fairness while maintaining investor protection.
Learn More📈FINRA Proposes Amendments to TRACE Reporting Regulations
The SEC publishes a notice regarding FINRA's proposed rule changes to amend TRACE reporting rules, aiming to maintain a 15-minute reporting deadline and introduce simplified allocation reporting for managed accounts. The changes intend to enhance efficiency and address compliance concerns raised by financial firms engaged in transaction reporting.
Learn More⚖️FINRA Proposes Rule Change on Expulsion Effectiveness
The Financial Industry Regulatory Authority (FINRA) proposes a rule change that stays the effectiveness of certain expulsions and related FINRA actions against member firms until reviewed by the SEC. This aligns with legal precedents and aims to enhance clarity and fairness in the discipline of member firms while maintaining investor protection standards.
Learn More📈FINRA Modifies Implementation Schedule of Securities Fees
The SEC published a notice regarding FINRA's proposed rule change to modify the implementation schedule for fees associated with filing documents under the securities offering rules. This adjustment aims to provide member firms and issuers additional time for budgeting and operational changes related to new fees for private placements and public offering reviews.
Learn More🎁FINRA Proposes Amendments to Gift Rules for Financial Firms
The FINRA proposes to amend Rule 3220 regarding gifts, increasing the limit from $100 to $250 per person annually. This rule aims to reduce regulatory burden and improve compliance clarity while maintaining protections against conflicts of interest. The changes seek to enhance transparency and facilitate better business relationships across the financial industry.
Learn More📈FINRA Proposes Amendments to CAB Rules for Capital Formation
The Securities and Exchange Commission (SEC) has published a notice regarding proposed changes to the FINRA Capital Acquisition Broker (CAB) Rules. These amendments aim to modernize regulatory frameworks related to capital formation, allowing CABs to act as intermediaries in secondary securities transactions and broadening the definition of institutional investors eligible for investment. The changes are designed to enhance efficiency while maintaining necessary investor protections.
Learn More📈SEC Approves FINRA and 24X Regulatory Responsibility Allocation Plan
The Securities and Exchange Commission has approved a plan between the Financial Industry Regulatory Authority and 24X National Exchange to allocate regulatory responsibilities. The plan aims to reduce unnecessary regulatory duplication for mutual members, enhancing operational efficiency while ensuring effective oversight of compliance with applicable laws and regulations.
Learn More📈SEC Notice on FINRA Rule 6152
The SEC has announced an extended review period for FINRA's proposed Rule 6152, which mandates publishing order execution information for NMS stocks. This rule aims to enhance market transparency, requiring members to submit execution reports for public access on the FINRA website.
Learn More📈FINRA Proposes Exemption for Business Development Companies
The SEC is reviewing a FINRA proposal to exempt certain business development companies from specific restrictions regarding public offerings and allocations. This notice extends the period for consideration of the proposal, allowing for further evaluation of feedback received during the comment period. The outcome could impact regulatory compliance for affected entities.
Learn More📈SEC Proposes Allocation of Regulatory Responsibilities Between FINRA and 24X
The SEC has announced a proposed plan for the allocation of regulatory responsibilities between FINRA and 24X National Exchange, aimed at reducing regulatory duplication and compliance costs for firms that are members of both organizations. This plan will enable enhanced coordination and oversight within the financial securities industry.
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