Title

SEC Approves New FINRA Rule Requiring the Qualification and Registration of Operations Professionals
Client Newsflash

Created date

6/22/2011

On June 16, 2011, the SEC approved new FINRA Rule 1230(b)(6), that will require, for the first time, that persons with supervisory, management or decision-making authority over specified “back-office” operations register with FINRA as Operations Professionals.[1] Such persons will also be required to pass a qualifying examination and be subject to continuing education requirements. An exception from the examination requirement is available to persons already registered under other FINRA registration categories.  

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