FINRA Seeks Comment on Lessons From the COVID-19 Pandemic

Regulatory Notice 20-42

Comment Period Expires: February 16, 2021

Summary

In response to the coronavirus (COVID-19) pandemic, member firms have made rapid and unprecedented changes to their business operations in order to prioritize the health and safety of firm personnel and investors, while maintaining the public’s access to capital markets. These changes include widespread use of remote offices and alternative work arrangements and new and expanded methods of engaging with personnel and investors. Member firms have also used new methods of engaging with FINRA and other regulators and complying with regulatory requirements. For its part, FINRA has taken numerous steps to assist member firms, firm personnel and investors as they navigate the effects of the COVID-19 pandemic.  

FINRA welcomes feedback on lessons learned from stakeholders’ experiences during the pandemic, including the impact of changes made to member firms’ operations and business models, and the effectiveness of business continuity planning. FINRA further requests comment on whether it should consider changes to its rules, operations or administrative processes to address lessons learned during the pandemic or to address anticipated long-term impacts of the pandemic on member firms and investors.

Questions regarding this Notice should be directed to:

  • Jeanette Wingler, Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8013;
  • Emily Goebel, Assistant General Counsel, OGC, at (202) 728-8235; or
  • Patricia Ledesma, Senior Economist, Office of the Chief Economist, at (202) 728-8461.

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