FINRA leadership warned of potential financial impacts of COVID-19 not included in its 2020 operating budget and anticipated future regulatory fee increases once excess reserves reach "minimum targeted reserve levels."
The MSRB solicited volunteers to serve on a Market Transparency Advisory Group. The Group is being formed to modernize and improve the Electronic Municipal Market Access ("EMMA ® ") platform and other market transparency systems.
The SEC named Rebekah Goshorn Jurata to the Public Company Account Oversight Board (PCAOB) for a five-year term that will run through October 24, 2024. Concurrently, SEC Commissioner Hester Peirce was chosen to lead the SEC's coordination with the PCAOB.
FINRA notified member firms of upcoming elections (i) for the FINRA Small Firm Advisory Committee representative in the New York region and (ii) to fill multiple vacancies in FINRA's Regional Committees.