The SEC declared effective a new interim fingerprint plan for FINRA. FINRA filed the new plan after retiring its previous processing platform because of technological changes.
The SEC approved amendments to (i) provide a one-time exemption for municipal advisors who allowed their qualification to lapse and (ii) require municipal advisors to keep books and records regarding the exemption.
A broker-dealer settled charges with FINRA for failing to properly oversee the outside business activities of two of its representatives.
FINRA amended the process for the expungement of customer dispute information. The amendments will go into effect on October 16, 2023.
An introducing broker-dealer settled FINRA charges for misclassifying its owner's personal expenses as business expenses and failing to register and supervise an unregistered individual serving as a principal of the firm.