FSI Applauds FINRA’s Efforts on FINRA360 Initiative

April 24, 2018

Today, FINRA released a progress report on its FINRA360 initiative. Below is a statement from the Financial Services Institute’s (FSI) President & CEO Dale Brown:

“FSI congratulates FINRA on the progress it has made over the past year on its FINRA360 initiative. We appreciate FINRA’s willingness to meet with us and our members to learn from the industry’s experiences with FINRA, real-world application of regulations and their daily interactions with Main Street investors. It is evident that FINRA has taken the feedback it received into serious consideration and is making significant changes to enhance transparency, improve oversight and obtain better results without impacting their main mission of investor protection. Improvements such as the release of public exam reports, clearer communications regarding enforcement actions, increased transparency of the Board of Governors meetings, and the creation of the small firm helpline, among other improvements will help firms meet FINRA’s compliance expectations. We look forward to continuing to work with FINRA as they continue to make changes designed to promote more effective and efficient regulation.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.