FINRA May 2013 Monthly Recap

FINRA released a podcast on June 3rd summarizing the notices, news, and education information issued by FINRA for May 2013.The notice summary included the SEC approving amendment for reporting over-the-counter transactions in equities securities and FINRA's designation of an additional index that firms can use to calculate conventional option position limits and their implementation dates. The news summary included LPL Financial's being fined $7.5 million by FINRA for systemic e-mail failures and making misstatements to FINRA, along with FINRA's new video series called "A Few Minutes with FINRA" in which senior staff discuss regulatory topics and answer questions from firms. The educational summary highlighted FINRA's South Region Compliance Seminar and its new e-learning course titled "Annual Compliance Reminders for Institutional Registered Representatives, Vol. 2." All of the items covered can be found on FINRA's website.

Listen to Podcast here.