FINRA Amends Rule 3210 to Add Exception for Trump Accounts

FINRA Amends Rule 3210 to Add Exception for Trump Accounts
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Wed, 06/24/2026 – 15:00

June 24, 2026

Features

FINRA Amends Rule 3210 to Add Exception for Trump Accounts
FINRA Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions) generally requires the associated persons of member firms to obtain prior written consent and make other disclosures for their personal accounts, and the accounts of related persons, that they open or maintain at other firms. FINRA amended the rule to except Trump Accounts from the rule’s requirements. The rule change, filed with the SEC on June 17, is immediately effective in advance of Trump Accounts launching on July 4.
2026 Crypto Asset Activities Request Live in FINRA Gateway
FINRA published an information request in FINRA Gateway yesterday asking all member firms to respond to questions about their current and planned crypto asset activities by July 24. For a more detailed overview, FINRA is hosting a related webinar tomorrow, June 25, from 2 to 2:30 p.m. ET.
FinCEN Guidance on Info Sharing Under Section 314(b)
This month, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance via a Section 314(b) Fact Sheet on how financial institutions can share information, including information about suspected fraud, under Section 314(b) of the USA Patriot Act. The fact sheet further clarifies the permissibility of real-time information sharing under Section 314(b); under what circumstances information, including information related to fraud, can be shared; and how information can be shared.

Regulatory Reminders

Board of Governors Election: FINRA member firms are invited to vote in the election for one Small Firm Governor and one Large Firm Governor to the FINRA Board of Governors. Voting concludes at 9 a.m. ET on July 13, when the 2026 Annual Meeting of FINRA member firms will take place. Firms eligible to vote should have received an email from FINRA’s Election Agent (finraagent@proxy-agent.com) containing specific voting instructions.
New Member Application: FINRA has introduced technological enhancements to the New Member Application (Form NMA). The enhanced Form NMA is now available through FINRA Gateway. The legacy version of the form will retire on July 15.
2026 Crypto Asset Activities Request: For more information on the July 24 deadline, see feature above.
Rule 605 Designated Participant Authorization Form: FINRA launched an updated Rule 605 Designated Participant Authorization Form, enabling members to obtain unique reporter identification codes and provide hyperlinks to their Rule 605 execution quality reports. The new form is available through the FINRA Gateway in advance of amendments to Rule 605 of SEC Regulation NMS and the Rule 605 NMS Plan, effective Aug. 1. All members selecting FINRA as their Designated Participant must submit the new form.
TRF Operating Hours: FINRA’s Trade Reporting Facilities (TRFs) will extend their operating hours. Starting Dec. 6., they will operate from 9 p.m. ET on Sunday through 8 p.m. ET on Friday, with a one-hour technical pause 8 p.m.-9 p.m. ET, Monday through Thursday, excluding holidays.
TRACE Transition to Native FIX: FINRA is transitioning from our legacy FIX Protocol platform to a new Native FIX platform for TRACE trade reporting. We anticipate retiring all TRACE legacy FIX reporting late in the fourth quarter.

Disciplinary Actions

FINRA has expelled from membership Reid & Rudiger LLC and barred cofounders Clifford Reid and CEO Edward Rudiger, Jr. from association with any member firm for churning and excessively trading customer accounts in violation of Regulation Best Interest (Reg BI) and FINRA rules.
FINRA publishes disciplinary actions to remind members of specific conduct that violates FINRA rules and may result in disciplinary action. The June 2026 Monthly Disciplinary Actions are available here.

Education and Compliance Programs

2026 Crypto Asset Activity Information Request | June 25 | Virtual Event

U.S. Department of the Treasury’s Large Position Reporting Rules Workshop 2026 | June 26 | Virtual Event

Small Firm Briefing: Regulatory Operations Transformation and FINRA Forward Updates | June 29 | Virtual Event

Decision Simulation: Ransomware Response | June 30 | Virtual Event

FINRA Certified Regulatory and Compliance Professional (CRCP)^® Program Week I | July 12-17 | In-Person Event | Washington, DC

Webinar: AI Adoption in Practice: Supervision | July 29 | Virtual Event

Financial Crimes and Cybersecurity Conference | Aug. 10-11 | Hybrid Event | New York, NY

Advertising Regulation Conference | Oct. 15-16 | Hybrid Event | Washington, DC

FINRA Small Firm Conference | Oct. 27-28 | In-Person Event | Chicago, IL

FINRA Certified Regulatory and Compliance Professional (CRCP)^® Program Week II | Nov. 15-20 | In-Person Event | Washington, DC

Crypto and Blockchain Education Program Foundational E-Learning Courses | Self-Paced

Resources

Member Firm Hub – The latest guidance, resources, educational opportunities and more.

FINRA Forward – An overview of our work in action for becoming more effective and efficient at pursuing our mission is available on FINRA.org. The webpages include information and videos about our efforts to modernize our rules, empower member firm compliance, and combat cyber and fraud threats.

Quarterly Regulatory Policy Agenda – An overview of our current priorities for significant regulatory policy initiatives.

Comment Process – On-demand webinar on how to provide comments on FINRA Forward proposals, as well as the impact of comment letters and how they are used.

Involvement and Election Process – How to engage with FINRA to help carry out our mission of protecting investors and safeguarding market integrity. Members can contribute their unique perspectives and skillsets with rotating terms on FINRA committees and other opportunities. Submit an indication of interest to be considered to join a FINRA advisory committee or speak at a FINRA event by clicking here.

Membership Application Program (MAP) Tools – Guidance and other resources to help current members prepare for their continuing membership application (CMA) and new applicants prepare for a new member application (NMA).

FINRA Unscripted – A monthly podcast that discusses a range of topics important to the securities industry.

Investor Insights – Feature articles on timely topics for investors, which firms are welcome to share with customers.

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About FINRA
FINRA is a not-for-profit organization dedicated to investor protection and market integrity. FINRA regulates one critical part of the securities industry—member brokerage firms doing business with the public in the U.S. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.

Regulatory Contacts
FINRA By-Laws require member firms to maintain an email account on behalf of their executive representatives, to facilitate firm notification of important information. In light of this, requests from executive representatives to be removed from this email list cannot be honored.

Firms wishing to change the name or email address of their executive representative or designated assistant should use the FINRA Contact System: http://www.finra.org/FCS.

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