Location: all cities,UT, USA
Posted on September 22nd, 2023 at 10:55 AM
From the desk of Jim Eccleston at Eccleston Law
The North American Securities Administrators Association (NASAA) and the Public Investor Advocate Bar Association (PIABA) have consistently opposed the Financial Industry Regulatory Authority's (FINRA) proposal for a voluntary three-year pilot program for remote inspections.
This proposal, introduced in response to the COVID-19 pandemic when most brokerage personnel were working from home, aims to build upon a temporary remote inspection rule since November 2020.
Despite several modifications to the pilot program proposal by FINRA, including enhancements to risk assessment for participating firms, NASAA, along with the PIABA and other financial oversight organizations, remain unsatisfied and continue to oppose it, as reported to InvestmentNews.
Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.
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