News | 09.16.21
FINRA Extends Brokerage Office Remote Inspections Into 2022
FINRA has extended remote inspections of brokerage branch offices from 31 December 2021 through June 2022, with the SEC saying the extension is in immediate effect. FINRA said in its proposal that the extension "is necessary to address the continuing operational challenges resulting from the COVID-19 pandemic." FINRA CEO Robert W. Cook had suggested that an extension into 2022 would give the agency pause to rethink its supervision rule, "and think about whether it could use some updating to accommodate a thoughtful, risk-based approach to when in-person exams would be necessary."
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