The new FINRA compliance rules 3110, 3120, 3150 and 3170 replace NASD Rules 3010, 3012 and 3110(i) and other corresponding NYSE rule provisions. The new rules become effective on December 1, 2014.
Specifically requires that firms identify one or more principals who will establish, maintain and enforce a system of supervisory control policies and procedures that test and verify that the firm’s supervisory procedures are reasonably designed to comply with applicable securities laws and NASD rules and amend those procedures when necessary.
Smarsh, Inc. assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for specific information on specific rules and regulations and how they apply to your business.