FINRA proposed adjustments to its fees in order to "provide sustainable funding for [its] regulatory mission." The proposed changes would proportionally increase FINRA's fees, maintaining the existing allocation of fees among members. FINRA stated that it will need $225 million in additional annual revenue by 2024 to achieve sustainable funding.
FINRA filed the proposed changes for immediate effectiveness, with the fee increase to be phased in over a three-year period beginning January 1, 2022.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
