On November 15, the Financial Industry Regulatory Authority released an update on actions it has thus far taken under the “FINRA360” initiative, which is an ongoing comprehensive review of FINRA’s operations. As of November 13, these actions include: 1) replacing the Technology Advisory Committee with an annual “CIO Summit”; 2) broadening the authority of the Operations Advisory Committee; 3) updating the public descriptions of certain advisory committees on FINRA’s website to clarify which committees are available as forums for discussion of specific issues; 4) issuing annual notices about committees and the application process to be considered for a vacant position; and 5) emailing election notices to a broader distribution group, including each member firm’s CEO, CCO and COO.

More information is available here.

This post featured contributions from Timothy D. Nolan.