FINRA Establishes New Registration and Qualification Requirements
FINRA announced that new rules governing the registration and qualification of member firms’ associated persons will become effective on October 1, 2018. The new rules will require substantial changes to firms’ registration practices and procedures, including monitoring that each individual meets the qualification requirements for his or her role. However, the rules include many grandfathering provisions that will limit the need for existing registered representatives and principals to pass new qualifying examinations.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post