FINRA Proposes Technical Revisions to Supplemental Income Statement

FINRA proposed technical revisions to the Supplemental Statement of Income ("SSOI") required to be filed under FINRA Rule 4524 ("Supplemental FOCUS Information"). The proposal, which is effectively immediately, conforms the SSOI with recently adopted amendments to SEC Financial and Operational Combined Uniform Single ("FOCUS") Reports. The amendments would allow broker-dealers to file the same information on both forms.

FINRA proposed that the rule change go into effect for SSOIs filed on or after March 31, 2019.