State Regulators Maintain Opposition to FINRA's Remote Supervision Pilot Program

Posted on September 22nd, 2023 at 10:55 AM
State Regulators Maintain Opposition to FINRA's Remote Supervision Pilot Program

From the desk of Jim Eccleston at Eccleston Law 

The North American Securities Administrators Association (NASAA) and the Public Investor Advocate Bar Association (PIABA) have consistently opposed the Financial Industry Regulatory Authority's (FINRA) proposal for a voluntary three-year pilot program for remote inspections.

This proposal, introduced in response to the COVID-19 pandemic when most brokerage personnel were working from home, aims to build upon a temporary remote inspection rule since November 2020.

Despite several modifications to the pilot program proposal by FINRA, including enhancements to risk assessment for participating firms, NASAA, along with the PIABA and other financial oversight organizations, remain unsatisfied and continue to oppose it, as reported to InvestmentNews.

 

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

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

December 11, 2025
DOJ Secures Five-Year Prison Sentence in Wolf Capital Crypto Fraud Case

Federal prosecutors have obtained a five-year prison sentence for Travis Ford, an Oklahoma resident who admitted to orchestrating a fraudulent crypto investment scheme through Wolf Capital.

December 10, 2025
SEC Highlights Rising Risks in RIA Consolidation and Focuses on Retailer Investor Protection

The Securities and Exchange Commission signaled heightened scrutiny of investment advisers involved in mergers and acquisitions, according to its newly released 2026 Examination Priorities.

December 9, 2025
The Vanishing Boundary Between Investing and Gambling

According to Bloomberg Law, there now are the tools, tactics, and a psychology of gambling that increasingly resembles those of retail trading.