These amendments apply solely to firms that received an exemption from the requirement to designate a FinOP prior to September 2001. Since then, FINRA has required all firms to designate a FinOP, who must qualify by passing either the Series 27 exam or Series 28 exam (the introducing firm FinOP exam). (See NASD NtM 01-52.) In addition, commencing October 1, 2018, all firms will be required to designate a Principal Financial Officer and Principal Operations Officer, who must qualify and…
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These amendments apply solely to firms that received an exemption from the requirement to designate a FinOP prior to September 2001. Since then, FINRA has required all firms to designate a FinOP, who must qualify by passing either the Series 27 exam or Series 28 exam (the introducing firm FinOP exam). (See NASD NtM 01-52.) In addition, commencing October 1, 2018, all firms will be required to designate a Principal Financial Officer and Principal Operations Officer, who must qualify and…