Finra issues brokerage guidance


Finra's own continuity plans are being tested by Sandy, as not all employees can access its building in lower Manhattan. But that didn't stop it from issuing some guidance and advice about Sandy. The SRO is "encouraging brokerages unaffected by Sandy to make office space available" to those who have been displaced. Brokerages that relocate are asked to use "best efforts" to notify FINRA, but the SRO has waived formal branch office applications for new offices. Also, the regulator asked all those who cannot meet filing deadlines to request extensions.  Article