Please enjoy this free trial of our subscription content service, for a limited time only.
FINRA Rule 3170
The Taping Rule is applies only to member firms with a significant number of registered persons that previously worked for firms that have been expelled from FINRA membership or have had their registrations revoked for inappropriate sales practices.
Firms that become subject to these requirements are called “taping firms.”
Taping firms must establish, enforce and maintain special written supervisory procedures, tape record conversations for a period of three years, at a minimum, and review those recordings for compliance purposes.
FINRA alleges the firm did not fingerprint and properly screen non-registered associated persons based in foreign locations as required by its rules.
Julie DiMauro3 min read
Disciplinary decisions issued August 10 – 16, 2024.
Thomas Hyrkiel4 min read
BCPs can help your organization deal with difficult situations, ensuring it can continue to function with as little disruption as possible.
Julie DiMauro<1 min read
Disciplinary decisions issued August 3 – 9, 2024.
Thomas Hyrkiel3 min read
Disciplinary decisions issued July 27 – August 2, 2024.
Thomas Hyrkiel5 min read
The firm was one of several businesses recently censured for a failure to maintain well-functioning and appropriate WSPs.
Julie DiMauro5 min read
Disciplinary decisions issued July 20 – 26, 2024.
Thomas Hyrkiel2 min read
Commerce presses on with measures on AI risk mitigation, adding to a slew of measures this year from US regulatory agencies.
Julie DiMauro4 min read
Further Reading