Fact Sheet: FinCEN Issues Final Rule to Combat Illicit Finance and National Security Threats in the Investment Adviser SectorAugust 28, 2024The Financial Crimes Enforcement Network (FinCEN) has introduced a final rule aimed at safeguarding the investment adviser sector from illicit finance activities, including exploitation by criminals, foreign adversaries, and other threats related to money laundering and terrorism financing. This rule now classifies certain registered investment…
FINRA Adopts Residential Supervisory Location and Remote Inspections Pilot Program, and Announces End of Temporary Relief Related to Updates of Office Information on Forms U4 and BRFebruary 14, 2024In accordance with FINRA Rule 3110.19, a private residence may be designated as a Residential Supervisory Location (RSL) under certain eligibility conditions. These conditions include, but are not limited to, the requirement that the associated person's direct supervisor must approve…
Proposed FINRA Advertising Rule 2210 ChangeJanuary 31, 2024FINRA — the Financial Industry Regulatory Authority, Inc. — has proposed changes to FINRA Rule 2210, governing communications with the public. Currently, FINRA member broker-dealers cannot include performance projections or target returns in institutional communications or communications to qualified purchasers…
Staying Ahead of the Curve: Key Takeaways from FINRA’s 2024 Annual Regulatory Oversight ReportJanuary 24, 2024The Financial Industry Regulatory Authority (FINRA) recently released its 2024 Annual Regulatory Oversight Report, offering valuable insights into the organization's regulatory activities and key areas of focus for member firms. This report is a must-read for anyone in the broker-dealer…
