The Securities Litigation Expert Blog

Finra Offers Regulatory Relief in Sandy Aftermath

Posted by Jack Duval

Nov 5, 2012 1:26:40 AM

While Finra's One Liberty Plaza office in downtown Manhattan remains closed in the wake of Hurricane Sandy, the Self-Regulatory Organization is offering regulatory relief to member firms affected by the hurricane.

Finra just issued NTM 12-45 "Regulatory Relief" explaining their efforts.  (12-45)  The executive summary states:

Due to the impact from Hurricane Sandy, FINRA is providing guidance on a number of regulatory and compliance issues, including emergency office relocations, continuing education requirements for registered personnel, registered personnel engaged in active military duty, regulatory filings and inquiries, membership applications and customer communications. In addition to the guidance discussed in this Notice, firms also are reminded that FINRA’s website contains a dedicated page for other advisories issued by FINRA as a result of Hurricane Sandy.

The other advisories can be found here.

See our previous coverage here.


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Topics: FINRA, Hurricane Sandy, Compliance, NTM 12-45, regulation.

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