FINRA’s Board of Governors met via zoom on December 9, 2020. The Board approved three proposed rulemaking amendments and also approved FINRA’s 2021 proposed budget. One of the proposed amendments that was approved was to further enhance the Continuing Education Program (“CE”). The amendment applies to FINRA Rules 1210 and 1240, strengthening FINRA’s CE program.

FINRA released a regulatory notice warning all member firms of a phishing attempt from an organization trying to impersonate FINRA. Phishing is a cybercrime where targets are contacted by email by someone pretending to be a legitimate organization to lure individuals into responding with sensitive data.