October 23, 2018

October 22, 2018

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FINRA Releases Report from Board of Governors Meeting

On March 14, the Financial Industry Regulatory Authority (FINRA) published a report from the Board of Governors meeting held on March 7–8. The Board approved FINRA’s corporate goals for 2018, which included the following categories:

  • Enhancing Investor Protection Through Coordinated, Risk-Based Oversight of Member Firms and Registered Representatives
  • Enhancing Market Integrity Through Effective Surveillance Programs
  • Remediating and Preventing Misconduct Through Timely, Predictable Enforcement
  • Enhancing Transparency for Investors and Other Market Participants
  • Providing Fair and Efficient Dispute Resolution Forums
  • Promoting Operational Excellence and Effective Relationships With FINRA Stakeholders
  • Fostering an Attractive, Diverse and Inclusive Workplace

In addition, FINRA approved two rule proposals for publication and comment. First, FINRA will publish a Regulatory Notice seeking comment on the membership application rules following a retrospective review of those rules. Second, FINRA will file with the Securities and Exchange Commission (SEC) amendments that would provide uniform payments to arbitrators for deciding contested requests to issue subpoenas and orders.

More details are available here.

©2018 Katten Muchin Rosenman LLP

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About this Author

Janet M. Angstadt, Securities, Financial Services, Chicago, Lawyer, Katten Law FIrm
Partner

Janet M. Angstadt is the head of Katten's Chicago Financial Services practice. She focuses her practice on broker-dealer and exchange compliance issues and advises companies on matters regarding compliance with the regulations of the US Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs).

Janet represents clients in a wide range of legal and regulatory matters, including mergers and acquisitions, SRO investigations, compliance issues related to registrations, sales practice, short sales, Regulation NMS, market-making and...

312.902.5494
Laura Krcmaric, Financial Services Attorney, Katten Law Firm
Associate

Laura Krcmaric represents clients in the financial services industry, focusing on regulatory and compliance work. Prior to joining Katten, Laura served as counsel for Credit Suisse, where she provided advice to the private banking and wealth management division. She also was an honors intern with the Securities and Exchange Commission.

While in law school, Laura served as a staff member and symposium editor for the North Carolina Law Review. She also was a member of the Community Development Law Clinic, representing nonprofit organizations.

312.902.5437