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Regulatory Update
6 min read

Reg S-P's Incident Response Mandate: What Examiners Are Checking Now

The SEC's Regulation S-P deadlines for larger and smaller entities have both passed — here's what examiners are actually looking for in an incident response program, and where firms tend to fall short.

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Registration & Membership
5 min read

The Legacy Form NMA Just Retired. Here's What Changes for New Applicants

FINRA's enhanced New Member Application went live in April and the legacy version retired July 15, 2026. Every new membership filing now runs through the new form.

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Code of Ethics
5 min read

FINRA Raises the Gift Limit to $300. What Your Written Policy Needs Now

The first increase to the Gifts Rule limit since 1992 does more than raise a number — it codifies years of guidance directly into rule text. Here's what your WSPs need to reflect.

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Margin & Operations
7 min read

Pattern Day Trader Rules Are Gone. What Replaces Them

FINRA has fully retired the day trading margin requirements in favor of a new intraday margin standard. Here's how the new framework actually measures risk.

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Registration & Membership
6 min read

FINRA Loosens the Rules for Capital Acquisition Brokers. Here's What Changed

CABs can now represent both sides of a deal, handle secondary trades between institutions, and accept equity as compensation. Here's what the amended rules actually permit.

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Exam Readiness
5 min read

Ignoring a Rule 8210 Request Isn't an Option, Wherever You're Located

FINRA reminds firms with overseas operations, personnel, or records that foreign secrecy laws are not a valid excuse for failing to comply with an information request.

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Code of Ethics
6 min read

FINRA Wants to Give Firms a "Speed Bump" Against Fraud — For Every Customer

Proposed rule changes would extend temporary holds to 145 business days and create a new five-day fraud delay tool that applies to investors of any age.

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Consulting & Staffing
5 min read

FINRA's Tiered Renewal Fee Structure Is Here. What It Means for Next Year's Bill

The 2026 Renewal Program introduced a tiered Annual System Processing fee based on how many regulators each rep is registered with. Here's how to budget for it.

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Consulting & Staffing
6 min read

Transferring Customer Accounts in Bulk? FINRA Just Removed a Step

Firms no longer need FINRA staff pre-clearance before sending negative consent letters for bulk account transfers. Here's what still has to be in the letter.

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Consulting & Staffing
5 min read

Dual BD/IA Firms Get a Shortcut on TRACE Allocation Reporting

Firms that are both a broker-dealer and an investment adviser can now report bond order allocations to managed accounts in a single aggregate TRACE report.

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Have a rule change you want us to break down?

If a recent FINRA notice or SEC rule change has your team asking questions, tell us and we'll walk through what it means for your firm specifically.

Or email us directly at info@compliers.com