Summary of selected FINRA Regulatory Notices

摘要

Purpose – The purpose of this paper is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices issued in July and August 2007. In July 2007, FINRA Regulatory Notices replaced NASD Notices to members. Design/methodology/approach – The paper provides excerpts from NASD Notice to Members 07-32 (July 2007), Annual Certification of Compliance and Supervisory Processes; FINRA Regulatory Notice 07-34 (August 2007), “New Issue” Rule; FINRA Regulatory Notice 07-36 (August 2007), Supervision of Recommendations after a Registered Representative Changes Firms; FINRA Regulatory Notice 07-37 (August 2007), Options Position and Exercise Limits; FINRA Regulatory Notice 07-39 (August 2007), Order Audit Trail System (OATS); and FINRA Regulatory Notice 07-40 (August 2007), Three Quote Rule. Findings – The paper finds useful information in each of these notices. Originality/value – The paper provides direct excerpts that are designed to provide a useful digest for the reader and an indication of regulatory trends.