InfoBytes Blog
Financial Services Law Insights and Observations
FINRA requests information on crypto asset retail communications
Recently, FINRA announced that it is conducting a targeted exam of firm practices regarding retail communications on crypto asset products and services for the time period of July 1, 2022 through September 30, 2022. In the targeted exam letters, FINRA requested, among other things, that firms or their affiliates provide: (i) all retail communications on the firm’s behalf that refer to, relate to, or concern a crypto asset or service involving the transaction or holding of a crypto asset; (ii) written supervisory procedures concerning the review, approval, record keeping, and dissemination of communications; and (iii) any compliance policies, manuals, training materials, compliance bulletins, and any other written guidance.