What is a form RE 3?
Form RE-3: A form required to be submitted by brokerage firms to report disciplinary action, litigation, arbitration, and complaints against the firms and their associated persons.
What is a FINRA review letter?
FINRA provides a written “Review Letter” electronically via the AREF system. The Review Letter provides necessary comments as to the compliance of the submission. Our expedited review service provides for a response within three business days (or other negotiated time period) after the day FINRA receives the material.
What is parking a registration FINRA?
The “anti-parking” rules (currently in NASD Rules 1021(a) and 1031(a)) prohibit FINRA member firms. from registering and maintaining the registration of an individual who is not actively engaged in the. member’s investment banking or securities business.
What is FINRA Gateway?
FINRA Gateway is an enhanced reporting and compliance user experience, which will roll out over the coming months. The new system is designed to streamline the FINRA compliance and reporting experience by providing a more flexible solution that can be customized to each firm.
What is considered correspondence under FINRA rules?
(2) “Correspondence” means any written (including electronic) communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period.
What is a registered person under FINRA?
You must be registered with FINRA if you’re engaged in the securities business of your firm, which includes salespersons, branch managers, department supervisors, partners, officers and directors. You are required to pass qualification exams to demonstrate competence in your particular securities activities.
What is a FINRA firm?
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States. FINRA provides resources, such as BrokerCheck, that help to protect investors.
Who is registered with FINRA?
You must be registered with FINRA if you’re engaged in the securities business of your firm, which includes salespersons, branch managers, department supervisors, partners, officers and directors.
How do I know if Im registered with FINRA?
Registered Financial Professional Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Also contact your state securities regulator.