FINRA Reminds Broker-Dealers and Investment Advisers to Review 2018 Final Statements

FINRA notified firms that their Final Statements are now available for review in the E-Bill system. Payments must be submitted by January 21, 2019.

The statements reflect adjustments to fees that are owed as a consequence of a firm's registration terminations, approvals, notice filings or transitions that occurred after the Preliminary Statements. FINRA reminded firms that if the amount calculated on the Final Statement is greater than the amount on the Preliminary Statement, then additional renewal fees will be charged and must be paid by January 20, 2019. If the amount calculated on a Final Statement is less than the amount on the Preliminary Statement, then FINRA will have issued a credit to the firm's Flex-Funding Account.