Recent FINRA Developments

Posted on 04.23.12

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