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Rules

FINRA Rule 3110.06

Directs member firms to employ risk-based principles when deciding the extent to which additional procedures and policies are required for its business and structure in connection with both incoming and outgoing written correspondence falling outside of the scope of Rule 3110(b)(4) as well as internal communications that are not of a subject to FINRA rules and federal securities laws.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Supervision

Overview
Rules in This Collection
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If the procedures in place do not require that all incoming and outgoing written correspondence is to be reviewed before use or distribution they must provide for:

  1. education and training on procedures governing correspondence
  2. documentation of this
  3. surveillance and follow-up to ensure that the procedures are implemented and followed

The last would in practice almost certainly require the capture of such incoming and outgoing correspondence in order to be able to ensure continuing compliance.

Rules in This Collection
FINRA Rule 3110
FINRA Rule 3110.06 This Rule
FINRA Rule 3110.19
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