![]() According to panelists, FINRA expects to monitor closely firms’ use of social media in providing financial and investment advice. As perhaps a clue into its plans, FINRA separately announced it was expanding its Memorandum of Understanding with the National Futures Association to address information sharing and collaboration in the areas of crypto assets, blockchain technology development and crypto asset regulatory risks. At the SIFMA conference, FINRA panelists indicated that FINRA is exploring regulation of matters “adjacent to” traditional broker-dealer activities. While the SEC Division of Enforcement has recently announced doubling the size of its Crypto Assets and Cyber Unit, FINRA has thus far released few details about its plans to regulate in this space. Read about these issues, along with notable enforcement actions and regulatory notices, below.įINRA’s Areas of Interest Include Crypto and “FinFluencers”Īt the recent Securities Industry and Financial Markets Association (SIFMA) Compliance and Litigation Seminar, FINRA staff members highlighted several areas they expect FINRA to focus on in 2023. This month, we report on FINRA’s appearance at SIFMA, new Reg BI guidance, and the SEC’s approval of further changes to the expungement process. ![]() Welcome to the latest issue of Bracewell’s FINRA Facts and Trends, a monthly newsletter devoted to condensing and digesting recent FINRA developments in the areas of enforcement, regulation and dispute resolution.
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