Effective February 25, 2013, FINRA will modify its rule that covers its ability to request information and inspect books and records. The rule will:
-specify that FINRA may inspect and copy information that is in a person’s “possession, custody, or control” if the person is subject to FINRA’s jurisdiction
-identify that books and records are subject the rule if they relate to a broker-dealer’s business or to a person’s association with a member
-describe how FINRA will contact unregistered associated persons at either a business or home address
-permit FINRA to provide an inspection request to a person’s attorney, assuming the person is being represented by the attorney in responding to the request
Source: Regulatory Notice 13-06: SEC Approves Amendments to Rule 8210
This alert applies to the Series 6, Series 7, Series 24, Series 26, Series 62, Series 79, and Series 82.