FINRA Proposes to Modify the Gross Income Assessment Pricing Structure

FINRA filed a proposed rule change with the SEC to modify the Gross Income Assessment ("GIA") pricing structure in Section 1(c) of Schedule A to the FINRA By-Laws.

FINRA proposed to apply a modified pricing structure to firms that do not exceed the $25 million tier. According to FINRA, this will result in some firms paying less fees to FINRA and few or perhaps no firms paying more.

See: Text of Proposed Rule Change; FINRA Rule Filing.