FINRA Proposes Fee Increases

FINRA proposed adjustments to its fees in order to "provide sustainable funding for [its] regulatory mission." The proposed changes would proportionally increase FINRA's fees, maintaining the existing allocation of fees among members. FINRA stated that it will need $225 million in additional annual revenue by 2024 to achieve sustainable funding.

FINRA filed the proposed changes for immediate effectiveness, with the fee increase to be phased in over a three-year period beginning January 1, 2022.