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Home » Store » Profitability » FINRA Gives Broker-Dealers, Mortgage Bankers Six More Months to Adopt New Margin Requirements

FINRA Gives Broker-Dealers, Mortgage Bankers Six More Months to Adopt New Margin Requirements

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Mortgage bankers will now have until June 25, 2018, to adopt new margin requirements under Financial Industry Regulatory Authority Rule 4210, instead of the previous date of Dec. 15, 2017, after the self-regulatory organization opted to give the industry six more months of lead time. Last week, FINRA announced it was filing the proposed extension with the Securities and Exchange Commission, which has to sign off on it. But given the non-controversial, industry-supported nature of the proposal, the SEC’s blessing is considered a formality. According to a summary by the Mortgage Bankers Association, the amendments institute...
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