Report From FINRA Board of Governors Meeting – May 2024
17 Mayo 2024 - 9:34AM
Business Wire
Board Approves 2023 Annual Financial Report,
Adds New Members to Advisory Committees and Hears Latest on FINRA’s
Advanced Analytics Strategic Initiative
FINRA’s Board of Governors met on May 8-9 for the second time in
2024. The Board approved FINRA’s 2023 Annual Financial Report,
appointed new members to Advisory Committees, was briefed on
FINRA’s Advanced Analytics Strategic Initiative, received
operational updates and continued discussions around FINRA’s
long-term financial planning.
FINRA’s 2023 Annual Financial Report will be publicly available
in the coming weeks. Each year, FINRA publishes an Annual Financial
Report in accordance with U.S. generally accepted accounting
principles that describes how FINRA manages its finances to support
its mission of protecting investors and promoting market integrity.
The report is one aspect of FINRA’s financial transparency, which
includes the posting of FINRA’s Financial Guiding Principles, the
release of FINRA’s Annual Budget Summary and the publication of the
annual Report on the Use of FINRA’s Fine Monies, which was approved
in March.
The new members of FINRA’s Advisory Committees begin their term
on June 1. Advisory Committee members serve on rolling three-year
terms to increase opportunities for those who are interested in
serving.
“We are delighted to welcome the new members of the Advisory
Committees. Participation and engagement in the Advisory Committees
lead to meaningful feedback on a variety of regulatory matters, and
the exchange of ideas from a diverse membership base is a great
benefit to the industry,” said FINRA Board Chair Eric Noll.
The Board received several updates, including on FINRA’s
enterprise risk management and cybersecurity programs. In addition,
the Board heard the latest update on FINRA’s Advanced Analytics
Strategic Initiative, which the Board approved in 2021 to enhance
the tools and techniques FINRA utilizes to process data from
regulatory and public sources, allowing FINRA to identify potential
misconduct more quickly and strengthening the ability to mitigate
customer harm.
“FINRA leverages innovative technology and deep market expertise
to support our mission of investor protection and market
integrity,” said FINRA CEO Robert Cook.
The Board also hosted Securities and Exchange Commission (SEC)
Commissioner Mark Uyeda, who discussed with the Board his
priorities and perspectives regarding issues impacting the
broker-dealer industry.
The next FINRA Board of Governors meeting is scheduled for July
24-25, 2024. More information regarding the Board's operations,
including the membership and responsibilities of its committees, is
available here.
About FINRA
FINRA is a not-for-profit organization dedicated to investor
protection and market integrity. FINRA regulates one critical part
of the securities industry—member brokerage firms doing business in
the U.S. FINRA, overseen by the SEC, writes rules, examines for and
enforces compliance with FINRA rules and federal securities laws,
registers broker-dealer personnel and offers them education and
training, and informs the investing public. In addition, FINRA
provides surveillance and other regulatory services for equities
and options markets, as well as trade reporting and other industry
utilities. FINRA also administers a dispute resolution forum for
investors and brokerage firms and their registered employees. For
more information, visit www.finra.org.
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