Regulatory Alerts2025-10-07 | Regulatory Notice 25-12Added · Updated
FINRA Announces Update of the Interpretations of Financial and Operational Rules
FINRA updated the Interpretations of Financial and Operational Rules to incorporate new SEC staff interpretations for SEA Rules 15c3-1 and 15c3-3, specifically addressing net capital treatment for certain debt securities, restricted compensation securities, competitive sales charges, and free credit balances in IRA accounts. The regulator also implemented enhancements to the online Interpretations by adding hyperlinks to source documents such as SEC No-Action Letters and FINRA Regulatory Notices. These updates are available on FINRA’s website and apply to broker-dealers subject to these financial and operational requirements.
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