FINRA Presses Brokers For Voluntary Notice On Digital Assets

Law360 (July 19, 2019, 4:10 PM EDT) -- The Financial Industry Regulatory Authority has asked U.S. broker-dealers to proactively alert it if they plan to work with digital assets, adding another 12 months to a request for voluntary disclosures that FINRA launched one year ago.

A Thursday regulatory notice said FINRA "encourages" firms to tell regulatory staff by email or in writing if they anticipate doing business in any way with cryptocurrencies, virtual coins, digital tokens or other digital assets — whether or not brokers think those assets meet the definition of securities.

"FINRA believes it is important to keep the lines of communication with members open on this...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!