Compliance Newsflash – January 24, 2018

January 25, 2018

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FINRA Launches Small Firm Helpline to Provide Enhanced Support
On January 22, 2018 The Financial Industry Regulatory Authority (FINRA) launched a Small Firm Helpline, the latest in a series of actions to enhance support for small firms that have been taken as part of the FINRA360 organizational improvement program. FINRA employees answering the toll-free Helpline, which will operate 9 a.m. to 5 p.m. (EST) Monday through Friday, will provide direct assistance with answers to general and routine questions, and direct callers to the proper regulatory staff and other departments. The Small Firm Helpline will complement the work of FINRA’s Regulatory Coordinators, who are the primary points of contact for firms seeking technical assistance or regulatory information.
For more information, click here.

FINRA Publishes FAQs on New Measures to Prevent the Financial Exploitation of Seniors
In January 2018, FINRA issued guidance on the provisions of Rule 2165 and the amendments to Rule 4512, which were approved in February 2017. The new requirements are aimed at preventing the financial exploitation of seniors, and are scheduled to take effect on February 5, 2018. The new FAQs principally reiterate prior guidance clarifying the changes. For example, a significant portion of this guidance was previously discussed in the supplemental materials that accompanied the new rules.
For more information, click here.