capital acquisition brokers

FINRA Announces Effective Dates for Capital Acquisition Broker Rules

On October 17, 2016, the Financial Industry Regulatory Authority (“FINRA”) released Regulatory Notice 16-37, which specifies the highly anticipated effective dates for the new Capital Acquisition Broker (“CAB”) registration category.

Effective January 3, 2017 existing FINRA members or firms that are unregistered and meet the definition of a CAB may begin the FINRA CAB registration process in advance of the April 14, 2017, effective date.

Broker-Dealer

Creating and maintaining a first-class compliance program can be a complex, difficult task in today’s ever-changing regulatory environment. ACA has assisted numerous leading financial services firms by reviewing their programs, identifying potential risks for compliance violations, and providing information and training on applicable FINRA and SEC regulations.