Recent FINRA Developments

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On January 26, 2012, the SEC issued a letter to FINRA authorizing FINRA staff to ask for Suspicious Activity Reports (SAR’s) and any related SAR information from member firms.  The Financial Crimes Enforcement Network regulations regarding confidentiality of SAR’s require a broker-dealer to make SAR’s and supporting documentation available to any self-regulatory organization that examines the broker-dealer for compliance with the requirements of 31 CFR 1023.320 (the SAR rule).

Read more here: FINRA Developments

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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