ARTICLE
28 December 2016

FINRA Recaps Monthly Regulatory Activities

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
In a podcast on its regulatory activities in November 2016, FINRA summarized its latest notices, firm compliance information and investor education initiatives.
United States Corporate/Commercial Law

In a podcast on its regulatory activities in November 2016, FINRA summarized its latest notices, firm compliance information and investor education initiatives.

FINRA reminded firms of the SEC's recent approval of a rule amendment to create a new academic corporate bond trace data product. Starting on February 27, 2017, FINRA will make the Academic Corporate Bond TRACE Data Product available with enhanced historical trace data to higher-education institutions on a fee-only basis.

FINRA also reminded firms that a new rule, which became effective on November 11, 2016, requires a firm that hires or associates with a registered representative to provide an educational communication prepared by FINRA to certain former customers of the representative. This communication must be provided if the firm contacts a former customer of that representative individually to transfer assets, or if that representative's former customer, absent individual contact, transfers assets to an account that is or will be assigned to the representative at the firm.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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