11.21.23

FINRA Gets Green Light for Remote Oversight

by: James Langton

The Financial Industry Regulatory Authority (FINRA) has received approval from the U.S. Securities and Exchange Commission to allow brokerage firms to designate private residences used for oversight activity as “non-branch locations.” These “residential supervisory locations” would be subject to compliance reviews at least every three years, instead of the annual inspections required of traditional branches. FINRA proposed the change in the wake of the pandemic, which prompted many firms to adopt remote working and saw regulators temporarily suspend some requirements.

Read the full article on Investment Executive