FINRA Says Outside Business Rule Changes Won’t Require Crypto Reporting

Published on May 6, 2025

In a response to several media “statements,” FINRA argued that reps won’t have to report on whether they “personally purchase” Bitcoin or beach houses, and that the rule actually cuts down on required reporting.

Continue reading on website
Other news

Morningstar Will Now Call Out Lackluster Private Investments

May 6, 2025
Its rankings will target funds that tend to charge steeper fees in exchange for potentially higher returns.      Related StoriesLPL Taps eMoney's WealthVision Planning SoftwareIRS Lost 31% of Tax Auditors in DOGE Downsizing, Watchdog FindsEd Slott: IRS Just Made QCD Reporting Easier, but Questions Remain

FINRA Seeks to Ease Worries on Outside Business Activities Plan

May 6, 2025
Brokers will not be required to report personal transactions like trading bitcoin or buying insurance, FINRA said Monday.