FINRA released a podcast summary of FINRA news, regulatory notices and compliance resources from September 2017 (see September 2017 Monthly Recap transcript). Among other things, the podcast highlighted:
Regulatory Notice 17-28, which directed industry members to frequently asked questions and guidance regarding covered agency transactions under FINRA Rule 4210 ("Margin"). FINRA also released FAQs regarding Exchange Act Rules 15c3-1 ("Net Capital") and 15c3-3 ("Custody") as relevant to such covered agency transactions (see previous coverage).
FINRA CEO Robert W. Cook's testimony before the House Financial Services Subcommittee on Capital Markets, Securities and Investment on FINRA's current regulatory efforts (see previous coverage).
FINRA also noted several events and conferences, including three upcoming half-day seminars on anti-money laundering and the 2017 Compliance Outreach Program for Municipal Advisors.
On September 11, 2017, FINRA will begin transitioning from paper form 211 to electronic form 211.
FINRA published new guidance on various issues stemming from amendments made to FINRA rules on margin requirements for "Covered Agency Transactions."
FINRA CEO Robert W. Cook testified before the House Financial Services Subcommittee on Capital Markets, Securities and Investment on current FINRA operations, initiatives and programs.
FINRA released a podcast summary of FINRA news, notices and compliance resources from August 2017.
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