• FINRA Provides Guidance On Review and Supervision of Electronic Communications
  • January 8, 2008
  • Law Firm: Winston & Strawn LLP - Chicago Office
  • On December 7, 2007, the Financial Industry Regulatory Authority (FINRA) issued guidance in Regulatory Notice 07-59 (the Guidance) relating to the review and supervision of electronic communications. 1 FINRA requires broker-dealers to establish and maintain supervisory systems and procedures for electronic communications that are "reasonably designed to achieve compliance with applicable federal securities laws and self-regulatory organization (SRO) rules."2