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FINRA Wants to Know If Broker-Dealers Are Involved in Digital Assets

FINRA Wants to Know If Broker-Dealers Are Involved in Digital Assets

Author: Paul A. LiebermanDate: July 29, 2020

The Financial Industry Regulatory Authority (FINRA) is ‘encouraging’ broker-dealers to keep it informed about their activities involving digital assets. Under Notice 20-23, FINRA is requesting that broker-dealers keep their Risk Monitoring Analyst informed if the firm, or its associated persons or affiliates, currently engages, or intends to engage, in any activities related to digital assets.

“As the area of digital assets continues to evolve and present unique regulatory challenges, FINRA believes it is important to keep the lines of communication with [dealers] open,” FINRA said in the Notice.

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