Early in the year, FINRA released their 2022 Report on FINRA’s Examination and Risk Monitoring Program, which is designed to inform member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations. In this report detailing FINRA’s top priorities for 2022, FINRA addresses 21 regulatory areas which are grouped into 4 categories: (1) Firm Operations, (2) Communications and Sales, (3) Market Integrity, and (4) Financial Management. From these 21 regulatory areas, FINRA highlights 7 that they feel are the most important and affect a large portion of member firms, which are as follows: Reg BI and Form CRS Read more about FINRA’s Top Priorities for 2022[…]
FINRA Rule 3110(a)(7) requires all registered representatives and registered principals to participate, at least once each year, in an interview or meeting at which compliance matters relevant to their particular activities are discussed. Annual Compliance Meetings (ACM) give registered persons the opportunity to regularly discuss compliance issues and assists the firm in ensuring that registered persons remain current on applicable regulatory developments or changes in firm policies. Hosting an Annual Compliance Meeting These meetings can be held individually or with a group and typically take place at a central location or at the representative’s or principal’s place of business. These Read more about Annual Compliance Meeting (ACM)[…]
This blog serves as a reminder of important dates related to FINRA’s 2022 Annual Registration Renewal Program. If you have any state registrations that you do not want to renew in 2022, you must take action by Friday, November 5th in order to avoid being charged on the Preliminary Statement. Registration terminations can be post-dated to remain active through the end of 2021. The Preliminary Statement will be available in FINRA E-bill on Monday, November 8th. After this time, you will still be able to drop registrations. However, once it is generated, the Preliminary Statement must be paid in full Read more about FINRA Annual Registration Renewal Calendar[…]
The 2019 FINRA Renewal Program for Broker-Dealers, Investment Adviser Firms, Investment Adviser Agents, Investment Adviser Representatives, and Branches is scheduled to begin on November 12, 2018.
Firms should note the following key dates in the renewal process:
- November 12, 2018 – Preliminary statements are available via the E-Bill section of WebCRD. Preliminary statements are not mailed to firms.
- December 17, 2018 – Full payment of Preliminary Statements is due.
- January 2, 2019 – Final Statements are available via the E-Bill section of WebCRD.
- January 21, 2019 – Full Payment of Final Statements is due.
IT’S ALMOST 2018!!!! As we approach the New Year, firms should make sure that they start off on a good note. Below are the regulatory filings, request for comments, and certification due dates for the month of January. FINRA does not list any conferences or events for the month. JANUARY 2018 January 2nd Annual Audit Reports Due FCS Verification Period Begins January 3rd Short Interest Reporting Due January 12th Deadline for Comments on a Proposal to Amend Rule 3110 January 16th 4530 Customer Complaints Filings Due January 25th FOCUS Schedule 1 Filings Due FOCUS Part 2/2A-Quarterly Filings Due Form Custody Read more about FINRA’S COMPLIANCE CALENDAR – January 2018[…]