Insights & Regulatory Updates
Regulatory Notice 24-11: Updated Interpretations of FINRA’s Margin Rule
FINRA has announced an important update to the set of interpretations for its Margin Rule, FINRA Rule 4210. These updated interpretations, now effective, are available on the FINRA website. To help member firms navigate these changes, FINRA has also released a comprehensive guide. This guide includes a text comparison with the previous interpretations, published on October 27, 2021, and provides additional information about the updates.
FINRA’s Landmark Action on Social Media Influencer Programs
In a significant development, FINRA has imposed an $850,000 fine on a financial services firm for violations related to its use of social media influencers. This marks the first enforcement action by FINRA concerning a firm's supervision of social media influencer activities.