FINRA Adopts New Registration Requirement for Operations Professionals

August 17, 2011
New FINRA Rule 1230(b)(6), which takes effect October 17, 2011, establishes registration, examination and continuing education requirements for Operations Professionals performing Covered Functions on behalf of a broker-dealer, whether the Operations Professional is employed by the broker-dealer, an affiliate or an unaffiliated third party. This update explains the requirements of the Rule and examines its practical implications for broker-dealers and Operations Professionals.