Tr?id=566623520170033&ev=PageView&noscript=1

FINRA Rule Protects Advisors' Private Addresses on BrokerCheck

Posted on September 19th, 2024 at 11:53 AM
FINRA Rule Protects Advisors' Private Addresses on BrokerCheck

From the desk of Jim Eccleston at Eccleston Law

FINRA recently implemented a rule allowing advisors to keep their personal home addresses off the public BrokerCheck database by simply checking a box. This change comes as many firms face pressure to register remote offices opened during the COVID-19 pandemic, which raised concerns about the exposure of advisors' home addresses.

FinancialPlanning reports that the rule also follows the lapse of an emergency COVID-19 provision that temporarily halted the need for firms to update home office registrations. FINRA’s new regulation continues to address privacy and supervision concerns related to remote work.

As remote work remains common, FINRA has introduced a three-year pilot program to evaluate the adequacy of firms’ supervision over remote offices. Firms participating in the program must report quarterly on inspections of branch offices, with the first reports due in October.

In addition, FINRA approved another rule permitting supervisors to designate their homes as “non-branch” locations. Those residences will be subject to internal inspections every three years, rather than annually, provided that no client meetings or brokerage activities take place at the location.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.

1792083058 Law
October 15, 2026
SEC Warns Firms to Improve Private Asset Valuation and Disclosures

The Securities and Exchange Commission (SEC) is pressing financial firms to take greater care when valuing private assets as liquidity tightens and investor redemption requests increase, according to AdvisorHub.

1791996515 Law
October 14, 2026
FINRA Study Finds Advanced Investment Knowledge Does Not Eliminate Fraud Risk

Research using the FINRA Investor Education Foundation's 2024 National Financial Capability Study found that fewer than one in five investors with non-retirement investments demonstrate advanced investment literacy.