Help Shape the Future of the Series 7 Exam
Features
- Help Shape the Future of the Series 7 Exam
FINRA is launching a job analysis survey Sept. 14 targeting registered representatives to inform updates to the Series 7 qualification exam. A sampling of individuals holding a General Securities Representative registration will receive an email invitation to participate and share insights about their current roles, responsibilities, and job functions. Recipients are encouraged to respond, as your feedback helps ensure exam content stays current and relevant. Please contact [email protected] with questions.
- SEC Requests Comment on FINRA’s Proposed Updates to Arbitrator Rules
FINRA’s proposed amendments to our Codes of Arbitration Procedure are now published for comment in the Federal Register. The amendments are designed to provide parties with greater input into replacing arbitrators. Comments are due to the SEC by Sept. 18.
- TRACE Rule Amendments Aim to Improve Trade Reporting Transparency
FINRA published Regulatory Notice 26-16 on Aug. 26 to support implementation of recent amendments to its TRACE rules. The amendments, adopted in July, expand the scope of the principal transaction indicator to include transactions with member affiliates. This change will reduce the dissemination of trade reports for transactions that are not economically distinct from a separately disseminated transaction with another counterparty, improving the transparency of TRACE data. The amendments will take effect Aug. 2, 2027, though members have had the option to comply on a voluntary basis since Aug. 31.
- Report on Top Q2 Cyber Vulnerabilities Now Available
The Q2 CORE Report—highlighting the top five cyber-related vulnerabilities affecting member firms and their vendors during the last quarter—was released last week. The report is not available publicly; it was distributed directly to CCOs, CISOs, and other member firm contacts, and posted to the Financial Intelligence Fusion Center (FIFC). Not yet an FIFC participant? Visit fifc.finra.org to learn how the FIFC delivers timely, actionable intelligence to the firm personnel who need it most, and join the more than 1,000 members that have enrolled since the platform launched in March.
- Timeline Now Available for 2027 Renewal Program
FINRA posted the timeline for member firms to renew their registrations on the Renewal Program page and in the Compliance Calendar. Preliminary statements will be posted to E-Bill on Nov. 9, while renewal reports will be available through CRD/IARD for reconciliation purposes. See the Firm Renewal Report Guide for more information.
- FinPro Gateway API Now Live
Member firms are now able to automatically retrieve all FinPro tasks and alerts for their registered representatives using the new FinPro Tasks List Dataset. We estimate that this newly integrated API will save compliance personnel approximately 35,000 hours annually, and financial professionals 26,000 hours per year. More information is available at the FINRA Developer Center.
- New Podcast Episode: Intraday Margin Standard
In the latest episode of FINRA Unscripted, we discuss why FINRA replaced the decades-old Pattern Day Trader rule—including the $25,000 minimum equity requirement—with a modern, risk-based intraday margin standard, and what the change means for investors and member firms.
Regulatory Reminders
- FINRA Seeks Comment on Modernizing Communications Rule: FINRA published Regulatory Notice 26-14 on July 9 requesting comment on a proposal to modernize our rules related to communications with the public. Comments are due by Sept. 11.
- SEC Seeks Comment on Proposed Updates to Arbitrator Rules: The SEC has requested comment on proposed amendments to our Codes of Arbitration Procedure, which are designed to provide parties with greater input into replacing arbitrators. Comments are due to the SEC by Sept. 18.
- FINRA Seeks Comment on Modernizing Best Execution Guidance: FINRA published Regulatory Notice 26-15 on July 24 to request comment on how we can modernize our best execution guidance to facilitate investor protection and market integrity under the existing principles-based standard. Comments are due by Sept. 25.
- TRF Operating Hours: FINRA’s Trade Reporting Facilities (TRFs) will extend their operating hours. Starting Dec. 6, they will operate from 9 p.m. ET on Sundays through 8 p.m. ET on Fridays, with a one-hour technical pause 8-9 p.m. ET, Mondays through Thursdays, excluding holidays.
- FINRA publishes disciplinary actions to remind members of specific conduct that violates FINRA rules and may result in disciplinary action. The August 2026 Monthly Disciplinary Actions are available here.
Education and Compliance Programs
Resources
Member Firm Hub – The latest guidance, resources, educational opportunities and more.
FINRA Forward – An overview of our work in action for becoming more effective and efficient at pursuing our mission is available on FINRA.org. The webpages include information and videos about our efforts to modernize our rules, empower member firm compliance, and combat cyber and fraud threats.
Quarterly Regulatory Policy Agenda – An overview of our current priorities for significant regulatory policy initiatives.
Comment Process – On-demand webinar on how to provide comments on FINRA Forward proposals, as well as the impact of comment letters and how they are used.
Involvement and Election Process – How to engage with FINRA to help carry out our mission of protecting investors and safeguarding market integrity. Members can contribute their unique perspectives and skillsets with rotating terms on FINRA committees and other opportunities. Submit an indication of interest to be considered to join a FINRA advisory committee or speak at a FINRA event by clicking here.
Membership Application Program (MAP) Tools – Guidance and other resources to help current members prepare for their continuing membership application (CMA) and new applicants prepare for a new member application (NMA).
FINRA Unscripted – A monthly podcast that discusses a range of topics important to the securities industry.
Investor Insights – Feature articles on timely topics for investors, which firms are welcome to share with customers.
Follow FINRA
FINRA is a not-for-profit organization dedicated to investor protection and market integrity. FINRA regulates one critical part of the securities industry—member brokerage firms doing business with the public in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.
Regulatory Contacts
FINRA By-Laws require member firms to maintain an email account on behalf of their executive representatives, to facilitate firm notification of important information. In light of this, requests from executive representatives to be removed from this email list cannot be honored.
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