United States

FINRA and SIPC streamline broker-dealer reporting process


The Securities Investor Protection Corporation (SIPC) and Financial Industry Regulatory Authority (FINRA) recently announced that effective September 1, 2017, firms that currently file annual reports separately with the SIPC and FINRA will file just once, using FINRA’s existing reporting portal. The portal will provide both agencies with the information, enabling firms to meet the two agencies’ respective reporting requirements with a single filing.