Tag Archives: FINRA

SEC Approves FINRA Rule Strengthening Background Checks

By Daniel Saperstein and Joseph O’Keefe on January 12, 2015 Posted in Hiring/Background Checks

The Securities and Exchange Commission (SEC) has approved a Financial Industry Regulatory Authority (FINRA) rule requiring member firms to strengthen their background investigation of applicants seeking registration. We have detailed the requirements of the FINRA rule in our previous blog post. The SEC has “accelerated approval” of the rule, though the agency still will accept … Continue Reading

FINRA Proposes Rule Strengthening Background Checks

By Daniel Saperstein and Joseph O’Keefe on October 22, 2014 Posted in Hiring/Background Checks, Workplace Policies and Procedures

Last month, the Financial Industry Regulatory Authority (FINRA) issued a proposed rule requiring member firms to strengthen their background investigations of applicants seeking registration. The proposed rule adopts, in large part, an old rule issued by one of FINRA’s predecessors—the National Association of Securities Dealers (NASD)—relating to background investigations. FINRA’s proposed rule change intends to … Continue Reading

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