03.16.22

FINRA Board Approves Remote-Inspection Proposals, Sends Them to SEC

by: Mark Schoeff, Jr.

The FINRA board has passed regulatory proposals that could allow brokerages to perform remote inspections of branch offices past December and submitted them to the SEC. The agency did not disclose any further details, which will be publicized when FINRA files them with the SEC. "One of the actions items today was to take a look at how we can continue to work with firms to provide them guidance when they're looking at post-pandemic operations and how we can update our rulebook to really modernize that with what offices look like now, how remote offices work, how we're continuing to supervise those and working with firms," said FINRA board member Linde Murphy.

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