2008 Notices

FINRA publishes Notices to provide firms with timely information on a variety of issues.

 
January | February | March | April | May | June | July | August | September | October | November | December
 

December 2008
Regulatory Notices
08-72 FINRA Provides Guidance Concerning the Types of Securities Transactions Subject to the Regulatory Transaction Fee New
Posted on: 12/3/08
 

November 2008
Regulatory Notices
08-71 FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Reporting Requirements New
Comment Period Expires: December 29, 2008
Posted on: 11/28/08
08-70 FINRA Provides Guidance Regarding Credit for Extraordinary Cooperation New
Posted on: 11/28/08
08-69 Alert to Member Firms About the Federal Trade Commission’s FACT Act Regulations and the Announcement of the FTC’s Decision to Delay Enforcement of the Red Flags Rule until May 1, 2009 New
Posted on: 11/26/08
08-68 FINRA Requests Comment on Proposed FINRA Rule Addressing the Circulation of Rumors
Comment Period Expires: December 18, 2008
Posted on: 11/18/08
08-67 FINRA Announces Electronic Filing Process For Qualification Examination Waiver Requests and Series 16 Experience Acceptability Requests
Effective Date: January 16, 2009
Posted on: 11/7/08
08-66 FINRA Addresses Firms’ Retail Foreign Currency Exchange Activities
Posted on: 11/4/08
08-65 FINRA Grants Additional, Temporary Relief from the Net Capital, Reserve Formula, Non-purpose Loan, and Maintenance Margin Requirements Applicable to Credit Extended on Auction Rate Securities to Broker-Dealers That Agree to Buy Back Auction Rate Securities
Effective Date: November 4, 2008
Posted on: 11/4/08
Election Notices
11/21/08 Notice of SFAB Election and Ballots New
Posted on: 11/21/08
Information Notices
11/3/08 Extension of Current Rate for Fees Paid Under Section 31 of the Exchange Act
Posted on: 11/3/08
11/12/08 September 2008 Supplement to the Options Disclosure Document
Posted on: 11/12/08
 

October 2008
View Full Month's Notices
Regulatory Notices
08-64 Amendments to Incorporated NYSE Rules to Reduce Regulatory Duplication
Effective Date: November 11, 2008
Posted on: 10/31/08
08-63 Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
Posted on: 10/30/08
08-62 SEC Approves Rules Limiting Submissions to Arbitrators in Closed Cases
Effective Date: November 24, 2008
Posted on: 10/24/08
08-61 Proposed Amendments to Qualification Examination Fees in Section 4(c) of Schedule A to the FINRA By-Laws
Proposed Implementation Date: January 2, 2009
Posted on: 10/23/08
08-60 FINRA Announces Temporary Margin Maintenance, Net Capital and Reserve Formula Requirements Related to Money Market Mutual Funds
Effective Date: October 21, 2008
Posted on: 10/21/08
08-59 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2009
Payment Deadline: December 12, 2008
Posted on: 10/20/08
08-58 Guidance on Disclosure Concerning the U.S. Treasury Department's Temporary Guarantee Program for Money Market Mutual Funds
Posted on: 10/17/08
08-57 FINRA Announces SEC Approval and Effective Date for New Consolidated FINRA Rules
Effective Date: December 15, 2008
Posted on: 10/16/08
08-56 FINRA Announces the Publication of Consolidated Interpretations of SEC Rules Governing Financial Responsibility, Customer Protection and Books and Records
Posted on: 10/15/08
08-55 FINRA Requests Comment on Proposed Research Registration and Conflict of Interest Rules
Comment Period Expired: November 14, 2008
Posted on: 10/14/08
08-54 Guidance on Special Purpose Acquisition Companies
Posted on: 10/13/08
08-53 FINRA Revises the Effective Date to Collect and Process Certain CRD Numbers in Connection with Regulation T and SEC Rule 15c3-3 Extensions of Time Requests
Effective Date: April 1, 2009
Posted on: 10/7/08
08-52 SEC Approves Amendments to Eliminate Yield Reporting to TRACE and FINRA Will Disseminate Standard Yield in Real-Time TRACE Data
This Notice was updated to add new endnote 6.
Effective Date: November 3, 2008
Posted on: 10/1/08
Election Notices
10/24/08 FINRA Notice of Special Meeting of Small Firms and Proxy
Posted on: 10/24/08
10/10/08 FINRA Small Firm Advisory Board Election
Posted on: 10/10/08
Information Notices
10/31/08 Continuing Education Planning
Posted on: 10/31/08
10/22/08 FINRA Survey to Update the Series 7 Exam
Posted on: 10/22/08
10/21/08 New Account Application Template
Posted on: 10/21/08
10/6/08 Effective Dates of New Consolidated Rules; Introduction of Rule Conversion Chart
Posted on: 10/6/08
 

September 2008
View Full Month's Notices
Regulatory Notices
08-51 SEC Approves Amendments to FINRA's Transaction Reporting Rules to Require Prompt Last Sale Reporting of Transactions in Foreign Securities
Effective Date: October 27, 2008
Posted on: 9/26/08
08-50 Procedures for Submitting Written Attestation of Bona Fide Market Making Relating to Fail-to-Deliver Positions
Please note that under the requirements of the SEC's interim final temporary rule, a market maker is no longer required to attest in writing that the fail to deliver position at issue was established solely for the purpose of meeting its bona fide market making obligations. However, as with any exception, a broker-dealer would have to evidence eligibility for, and compliance with, the requirements of this exception. See Securities Exchange Act Release No. 58773 (October 14, 2008) at fn 84.
Posted on: 9/24/08
08-49 FINRA Announces Effective Date for Expansion of NASD IM-2110-2 to OTC Equity Securities and Revised Minimum Price-Improvement Standards in IM-2110-2
Effective Date: November 11, 2008
Posted on: 9/23/08
08-48 Special Allowance to Permit Bulk Exchanges of Shares of Certain Reserve Funds
Posted on: 9/18/08
08-47 Changes to Customer Complaint Reporting Procedures under NASD Rule 3070(c) and NYSE Rule 351(d)
Effective Date: October 1, 2008
Posted on: 9/15/08
08-46 Interpretive Guidance on Capital Treatment of Introducing Broker-Dealers' Clearing Deposits
Effective Dates: Immediately with respect to Interpretation I; January 5, 2009, with respect to Interpretation II
Posted on: 9/5/08
Information Notices
9/15/08 Loose-Leaf FINRA Manual Subscription
Posted on: 9/15/08
 

August 2008
View Full Month's Notices
Regulatory Notices
08-45 FINRA to Deduct All Delinquent Arbitration and Mediation Fees from CRD Accounts
Effective Date: September 22, 2008
Posted on: 8/25/08
08-44 SEC Approves a Proposed Rule Change to Amend the Chairperson Eligibility Requirements in the Arbitration Codes for Customer and Industry Disputes
Effective Date: September 22, 2008
Posted on: 8/22/08
08-43 SEC Approves Expanding Disseminated Real-Time TRACE Data
Effective Date: November 3, 2008
Posted on: 8/20/08
08-42 Guidance on Transactions in TRACE-Eligible Securities Under SEC Rule 144
Posted on: 8/15/08
08-41 FINRA Announces Amendments to Make Permanent the Portfolio Margin Pilot Program
Effective Date: August 1, 2008
Posted on: 8/8/08
08-40 Technology Changes for Reporting Certain Complaint and Disclosure Information
Effective Date: October 20, 2008
Posted on: 8/6/08
Election Notices
8/26/08 Nominee for Vacant FINRA Board of Governors Small Firm Seat
Posted on: 8/26/08
Trade Reporting Notices
8/14/08 Trade Reporting Frequently Asked Questions
Posted on: 8/14/08
Information Notices
8/26/08 June 2008 Supplement to the Options Disclosure Document
Posted on: 8/26/08
 

July 2008
View Full Month's Notices
Regulatory Notices
08-39 FINRA Requests Comments on Proposed New Rules Governing Communications About Variable Insurance Products
Comment Period Expired: September 30, 2008
Posted on: 7/28/08
08-38 FINRA Provides Clarification on SEC Guidance Regarding Emergency Orders Concerning Short Selling
Posted on: 7/23/08
08-37 FINRA Reminds Firms that the Trading Activity Fee Is Assessed on Exchange-Listed Options Transactions when FINRA Is the DOEA
Posted on: 7/17/08
08-36 SEC Approves Amendments to Expand the Scope of NASD Rule 2440 and IM-2440-1 to All Securities Transactions
Effective Date: June 13, 2008
Posted on: 7/11/08
08-35 SEC Approves Amendments to NASD Rule 2810 (Direct Participation Programs)
Effective Date: August 6, 2008
Posted on: 7/7/08
08-34 SEC Approves Amendments to the Rule 9700 Series to Streamline Existing Procedural Rules Applicable to General Grievances Related to FINRA Automated Systems
Effective Date: August 1, 2008
Posted on: 7/2/08
Trade Reporting Notices
7/28/08 FINRA Extends Effective Date of Modifications to the TRACE System to November 3, 2008
Posted on: 7/28/08
7/1/08 FINRA Announces the Effective Date of Modifications to the TRACE System
Effective Date: August 4, 2008
Posted on: 7/1/08
 

June 2008
View Full Month's Notices
Regulatory Notices
08-33 SEC Announces Approval of Amendment to FINRA's MRVP to Include Violations of Options Position and Exercise Limits and Contrary Exercise Advice Procedures
Effective Date: June 6, 2008
Posted on: 6/30/08
08-32 FINRA Consolidates the Collection and Processing of Regulation T and SEC Rule 15c3-3 Extension of Time Requests
Effective Date: November 17, 2008
Posted on: 6/23/08
08-31 SEC Approves Exemption from the Requirements in NASD IM-2110-2 and NASD Rule 2111 for Certain Regulation NMS-Compliant Intermarket Sweep Orders
Effective Date: May 6, 2008
Posted on: 6/20/08
08-30 Guidance Relating to Illiquid Investments
Posted on: 6/12/08
08-29 Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
Posted on: 6/2/08
Information Notices
6/9/08 Continuing Education Planning
Posted on: 6/9/08
 

May 2008
View Full Month's Notices
Regulatory Notices
08-28 SEC Approves Amendments to Eliminate the Requirement for the Senior Registered and Compliance Registered Options Principals (SROP and CROP)
Effective Date: June 23, 2008
Posted on: 5/22/08
08-27 The Obligation of Firms When Supervising their Registered Representatives' Use of Marketing Materials to Establish Expertise
Posted on: 5/20/08
08-26 Proposed Consolidated FINRA Rule Addressing Investor Education and Protection
Comment Period Expired: June 13, 2008
Posted on: 5/14/08
08-25 Proposed Consolidated FINRA Rules Governing Books and Records Requirements
Comment Period Expired: June 13, 2008
Posted on: 5/14/08
08-24 Proposed Consolidated FINRA Rules Governing Supervision and Supervisory Controls
Comment Period Expired: June 13, 2008
Posted on: 5/14/08
08-23 Proposed Consolidated FINRA Rules Governing Financial Responsibility
Comment Period Expired: June 13, 2008
Posted on: 5/14/08
08-22 SEC Approves Rule Change to Amend the Definition of Public Arbitrator in the Arbitration Codes for Customer and Industry Disputes
Effective June 9, 2008
Posted on: 5/9/08
Information Notices
5/15/08 April 2008 Supplement to the Options Disclosure Document
Posted on: 5/15/08
 

April 2008
View Full Month's Notices
Regulatory Notices
08-21 FINRA Issues Guidance to Broker-Dealers on Partial Redemptions of Auction Rate Securities
Posted on: 4/30/08
08-20 FINRA Requests Comments on Proposed Changes to Forms U4 and U5
Comment Period Expired: May 27, 2008
Posted on: 4/24/08
08-19 SEC Approves Rule Change to Amend FINRA's Gross Income Assessment
Effective Date: January 1, 2008
Posted on: 4/11/08
08-18 Sound Practices for Preventing and Detecting Unauthorized Proprietary Trading
Posted on: 4/8/08
08-17 Reporting of Customer Complaints Relating to Auction Rate Securities
Effective Date: April 1, 2008
Posted on: 4/8/08
08-16 Member Firm Disclosure and Supervisory Review Obligations
Effective Date: April 7, 2008
Posted on: 4/7/08
08-15 Foreign Research Analyst Exemption from the Research Analyst Qualification Examination
Effective Date: April 7, 2008
Posted on: 4/7/08
Election Notices
4/11/08 Election Results for District Committees and District Nominating Committees
Posted on: 4/11/08
Information Notices
4/1/08 FINRA Implements Changes to OTC Reporting Facility and OTC Bulletin Board Invoice Processes
Effective Date: April 1, 2008
Posted on: 4/1/08
 

March 2008
View Full Month's Notices
Regulatory Notices
08-14 FINRA Implements New Electronic Form NMA Filing Requirement
Effective Date: February 29, 2008, Compliance Date: June 26, 2008
Posted on: 3/28/08
08-13 FINRA Consolidates the Collection of Short Interest Data
The effective date of the consolidation of the collection of short interest data has been extended to June 30, 2008. As a result, the testing period for these changes has been extended to June 3, 2008.
Effective Date: May 15, 2008
Posted on: 3/27/08
08-12 SEC Approves Amendment to NASD Rule 2210 to Create an Exception to the Principal Approval Requirements for Certain Filed Sales Material
Effective Date: March 26, 2008
Posted on: 3/26/08
08-11 Q&A on Electronic Filing Requirements of NASD Rule 3170
Posted on: 3/24/08
08-10 FINRA Announces Amendments to Make Permanent the Pilot Program Increasing Positions and Exercise Limits for Stock Options
Effective Date: February 28, 2008
Posted on: 3/19/08
08-09 FINRA Revises Portfolio Margining Risk Disclosure Statement and Written Acknowledgment for Customers Using Portfolio Margin Accounts
Effective Date: March 14, 2008
Posted on: 3/14/08
08-08 FINRA Temporarily Increases Margin Maintenance Requirements on Auction Rate Securities Backed by Fixed Income Products
Effective Date: March 6, 2008
Posted on: 3/5/08
Trade Reporting Notices
3/18/08 Revised Policy for Disseminating Reports of Fewer Than 100 Shares
Effective Date: April 21, 2008
Posted on: 3/18/08
Information Notices
3/12/08 Rulebook Consolidation Process
Posted on: 3/12/08
3/10/08 Mid-Year Rate Adjustment for Fees Paid under Section 31 of the Exchange Act
Effective Date: April 1, 2008
Posted on: 3/10/08
 

February 2008
View Full Month's Notices
Regulatory Notices
08-07 FINRA and NYSE Filed Rule Changes with the SEC to Amend FINRA's Gross Income Assessment and Eliminate Certain NYSE Fees
Effective Date: Upon SEC Approval With an Implementation Date of January 1, 2008
Posted on: 2/14/08
08-06 SEC Approves Amendments to NASD Rule 11810(i) to Mandate the Use of the Automated Liability Notification System of a Registered Clearing Agency
Effective Date: March 13, 2008
Posted on: 2/12/08
08-05 Regulatory Notice 08-05 has been rescinded.
Election Notices
2/27/08 Nominees for the District Committees and District Nominating Committees
Posted on: 2/27/08
Trade Reporting Notices
2/22/08 FINRA Announces Modifications to the TRACE System Relating to Certain Securities with Equity CUSIPs and Reminds Firms of Their Reporting Obligations Regarding Equity-Linked Notes and Convertible Debt
Posted on: 2/22/08
2/19/08 Guidance on Reporting Electronic Communications Network (ECN) Transactions
Posted on: 2/19/08
Information Notices
2/21/08 FINRA Secures Relief for Member Firms for Certain Record Retention Requirements
Effective Date: February 19, 2008
Posted on: 2/21/08
 

January 2008
View Full Month's Notices
Regulatory Notices
08-04 FINRA Adopts Rule Amendments that Expand the Delta Hedging Exemptions for Options Positions Limits
Effective Date: February 1, 2008
Posted on: 1/31/08
08-03 SEC Approves Technical Amendments to the Uniform Application for Securities Industry Registration or Transfer (Form U4), the Uniform Termination Notice for Securities Industry Registration (Form U5) and the Uniform Branch Office Registration Form (Form BR)
Effective Date: February 4, 2008
Posted on: 1/28/08
08-02 Acceptability of Series 24 Examination under NYSE Rule 342.13
Posted on: 1/11/08
08-01 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2008
Payment Deadline: February 4, 2008
Posted on: 1/2/08
Election Notices
1/18/08 Upcoming District Committee and District Nominating Committee Elections
This Notice was updated to correct the listings for the District Nominating Committees for Districts 3, 4 and 10.
Posted on: 1/18/08
Information Notices
1/8/08 New Rate for Fees Paid under Section 31 of the Exchange Act
Posted on: 1/8/08