03.18.25

FINRA Wants Input on Modernization Initiative

by: Alex Padalka

The Financial Industry Regulatory Authority (FINRA) said it's setting out on a "broad review" of the requirements it places on its member firms and associated persons. The review aims to come up with ways to modernize FINRA's rules as well as its treatment of non-FINRA rules applicable to broker-dealer firms, according to a recent regulatory notice. FINRA said it plans to focus in part on the "modern workplace" — specifically, rules applying to branch offices and remote work; credentialing and education; internal and external communications and recordkeeping. It will also look at rules surrounding capital formation, including regulation on capital acquisition brokers and other "limited purpose" models, research analysts and research reports, and other rules and guidance surrounding capital raising.

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