News & Analysis as of

Data Collection CARDS

Broker-Dealer Compliance + Regulation

FINRA is Apparently Holding its CARDS

Broker-dealers appear to have succeeded, at least for now, in beating back FINRA’s proposal to capture extensive amounts of data through electronic means....more

Carlton Fields

Neither Side Folds on FINRA CARDS Proposal

Carlton Fields on

The Comprehensive Automated Risk Data System (CARDS) proposed by the Financial Industry Regulatory Authority (FINRA) to regularly collect customer account data from various broker-dealers and clearing firms and allow FINRA to...more

Burr & Forman

FINRA Announces New Proposal for Brokerage Data Collection

Burr & Forman on

On September 30th, the Financial Industry Regulatory Authority (FINRA) announced a proposed rule that would implement the controversial Comprehensive Automated Risk Data System (CARDS). Under the proposed rule, FINRA seeks to...more

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