FINRA Requests Comments on Rule 4530 Reporting Requirements
The Financial Industry Regulatory Authority (FINRA) is requesting comment on whether to make changes to FINRA Rule 4530, which requires member firms to report specified events, internal conclusions of violations and customer complaint information to FINRA. Among other things, FINRA is seeking input on whether the rule effectively addresses its original purposes in light of regulatory, technological or other environmental changes.
FINRA periodically conducts a retrospective review of the efficacy of significant rulemakings, and FINRA is soliciting comments on Rule 4530 in connection with such a review. The comment period ends on March 9.
FINRA Regulatory Notice 20-02 is available here.