FINRA has amended Form NMA and adopted new Form CMA. Beginning July 23, 2012: all prospective applicants for FINRA membership (new member applicants or NMA applicants) pursuant to NASD Rules 1012 (General Provisions) and 1013 (New Member Application and Interview) must submit the revised Form NMA as part of their new member applications; and all prospective applicants for approval of a change in ownership, control or business operations (continuing membership applicants or CMA applicants) pursuant to NASD Rules 1012 and 1017 (Application for Approval of Change in Ownership, Control, or

Amendments to Mediation Code to Provide the Mediation Director With Discretion to Determine Whether Parties to a FINRA Mediation May Select a Mediator Who Is Not on FINRA’s Mediator Roster Under FINRA Rule 14107 (Mediator Selection) of the Code of Mediation Procedure (Mediation Code), parties to a mediation may select a mediator from FINRA's roster or from a source of their own choosing, including a mediator who is not on FINRA's mediator roster. In limited instances, the director of Mediation (Mediation director) may assign a mediator. The SEC approved amendments to the Mediation Code

The Jumpstart Our Business Startups Act (JOBS Act)--a new law aimed at increasing American job creation and economic growth-contains keyprovisions relating to securities offered or sold through "crowdfunding." Under the new law, intermediaries performing crowdfunding on behalf ofissuers must register with the SEC as a "funding portal" or broker and must register with an applicable self-regulatory organization (SRO). FINRA is soliciting public comment on the appropriate scope of FINRA rules that should apply to member firms engaging in crowdfunding activities, either as funding portals or as

On May 16, 2012, the CFTC published in the Federal Register a Notice of Proposed Amendment to extend the temporary exemptive relief the CFTC granted on July 14, 2011 from certain provisions of the CEA that otherwise would have taken effect on the general effective date of title VII of the Dodd-Frank Act - July 16, 2011. This final order extends the July 14 Order with certain modifications. Specifically, it removes references to the entities terms, including "swap dealer," "major swap participant," and "eligible contract participant" in light of the final joint rulemaking of the CFTC and SEC

View notice of filing in full here (links externally to SEC website).