On April 17, the Financial Industry Regulatory Authority issued Regulatory Notice 18-12, which announces that FINRA will collect a total of $8,346,300 to fund the annual budget of the Governmental Accounting Standards Board (GASB) by collecting $2,086,575 from member firms each calendar quarter beginning in April 2018.
Continue Reading FINRA Publishes Regulatory Notice Regarding 2018 GASB Accounting Support Fee
Government Accounting Standards Board
FINRA Issues Regulatory Notice on GASB Accounting Support Fee
By Dina Wegh, Janet M. Angstadt & Ayah K. Sultan on
Posted in Broker-Dealer
The Financial Industry Regulatory Authority announced that it will collect a total of $8,309,000 in 2017 from its member firms as part of the Government Accounting Standards Board (GASB) Accounting Support Fee. FINRA will collect $2,077,250 each calendar quarter beginning in April 2017 from its member firms that report trades to the Municipal Securities Rulemaking Board (MSRB). Each member firm’s fee assessment is based on that firm’s portion of the total par value of municipal securities transactions reported by all FINRA member firms to the MSRB in the previous quarter.
Continue Reading FINRA Issues Regulatory Notice on GASB Accounting Support Fee