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