FINRA

FINRA Fines Five Firms $585,000 for Reporting and Supervisory Violations

FINRA announced disciplinary actions against five firms in February 2026, imposing fines totaling $585,000. The actions address violations related to trade reporting accuracy, customer trade confirmations, and supervisory systems for employee outside brokerage accounts.

FINRA Fines Firms for Rule Violations

FINRA has fined two firms, SG Americas Securities, LLC and Wedbush Securities Inc., a total of $240,000 for rule violations. The violations include inaccurate reporting of order handling and failure to maintain possession or control of customer securities. These actions were reported in FINRA's January 2026 disciplinary actions.

FINRA Disciplinary Actions for March 2026

FINRA has taken disciplinary actions against Independence Capital Co., Inc. and Dennis Clarence Twarogowski, resulting in fines, restitution, and suspensions for supervision failures and reporting errors. BNY Mellon Capital Markets, LLC was also fined for municipal securities reporting violations.

FINRA Adopts Amendments to Equity Trade Reporting Rules

FINRA has adopted amendments to its equity trade reporting rules, providing a limited, temporary exception for reporting qualifying overnight transactions executed before 8:00 a.m. Eastern Time. This exception will be effective from March 30, 2026, and will expire on December 31, 2027, or upon further extension of trade reporting facility operating hours.

FINRA Seeks Comment on Modernizing Arbitration Rules

FINRA has issued a request for comment on modernizing its arbitration rules, guidance, and processes. The notice seeks input from interested parties to help shape future revisions aimed at improving fairness, efficiency, and transparency in the arbitration forum.

FINRA Amends Rule 3220 on Gifts to Employees of Others

FINRA has adopted amendments to Rule 3220, increasing the annual gift limit to employees of other firms from $100 to $300. The amendments also codify current guidance and provide for exemptive relief, aiming to modernize rules and promote efficiency without reducing investor protection. Conforming amendments were made to related rules.

FINRA proposes rule change for overnight transaction reporting exception

FINRA has filed a proposed rule change with the SEC to amend rules governing transaction reporting. The proposal seeks to provide a limited, temporary exception for reporting specified overnight transactions before 8:00 a.m. Eastern Time.

FINRA Guidance Documents, Interpretive Letters, FAQs, and Best Practices

FINRA has published a collection of its guidance documents, interpretive letters, FAQs, and best practices related to specific topics. This resource aims to provide clarity and support for regulated entities in understanding and adhering to FINRA rules.

FINRA Proposed Rule Change to Amend Communications with the Public Rule

FINRA has filed a proposed rule change with the SEC to amend FINRA Rule 2210 concerning communications with the public. The amendment would permit members to project performance or provide targeted returns on investments, subject to specific conditions ensuring a sound basis for such projections.

FINRA Interpretive Letters on Rule Application

FINRA has published interpretive letters providing guidance on the application of specific FINRA rules under various circumstances. These letters clarify staff views on rules related to communications with the public, account transfers, and registration categories.