If you think FINRA examiners are going too far with their document requests under the cover of Rule 8210, you should "escalate" your concerns up the regulator's chain of command, a FINRA official said at the organization's recent annual conference.

The comments were in regards to industry worry over February changes to FINRA Rule 8210. Under the change, FINRA clarified that it's authorized to demand documents that are in the "possession, custody or control" of your firm or one of its associated persons if the records pertain to your business and if the firm has the right to demand them if they're kept elsewhere (BD Week, February 2, 2013).

Originally published in Broker Dealer Week.