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ARTICLE · 06 FEBRUARY 2025

FINRA Publishes 2025 Annual Regulatory Oversight Report

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On January 28, the Financial Industry Regulatory Authority (FINRA) published the 2025 update to its annual Regulatory Oversight Report.1 The report collects recent observations...

United StatesFinance and Banking
Wayne M. Aaron
Wayne M. Aaron
James Brady
James Brady
Susan Light
Susan Light
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On January 28, the Financial Industry Regulatory Authority (FINRA) published the 2025 update to its annual Regulatory Oversight Report.1 The report collects recent observations and findings from FINRA's oversight programs – Member Supervision, Market Regulation and Transparency Services, and Enforcement – and provides FINRA member firms with a helpful resource to evaluate compliance on a number of cutting-edge topics. Through the report, member firms get to "see what FINRA sees" when it examines firms, conducts enforcement actions throughout the industry, and engages with firms throughout the year in providing regulatory guidance.

While FINRA's report is not new, the 2025 edition is particularly noteworthy. First, it addresses new topics (like third-party risk/vendor management and extended-hours trading) and adds new findings and effective practices for prior topics. But more importantly, the report highlights practices and topics deemed important to FINRA. With

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