{"id":5453,"date":"2013-04-28T00:00:00","date_gmt":"2013-04-28T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/04\/finra_plan_may_dramatically_ch"},"modified":"2022-05-04T13:49:52","modified_gmt":"2022-05-04T18:49:52","slug":"finra-plan-may-dramatically-ch","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-plan-may-dramatically-ch\/","title":{"rendered":"FINRA Plan May Dramatically Change The Way Brokerage Firms Report On Nontraded REITS & Other Illiquid Investments on Client Statements"},"content":{"rendered":"

The Financial Industry Regulatory Authority\u2019s board of governors has a plan that could radically modify the way brokerage firms report illiquid investments\u2019 value on the account statements of clients. The SRO, which wants to give investors more transparency in regards to the actual value of such investments, has been trying to modify its rules about REITs and private placement valuations on client statements for well over a year.<\/p>\n

Earlier this month, in changes it is proposing to Rule 2340, the FINRA board presented two reporting alternatives for brokerage firms. With the first option, a brokerage firm wouldn\u2019t need to have the per-share estimated value of an REIT or a private placement that is unlisted included in customers\u2019 account statements. The second choice lets a brokerage firm chose from three options:<\/p>\n

\u2022 A valuation done by an external service at least one time every three years.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority\u2019s board of governors has a plan that could radically modify the way brokerage firms report illiquid investments\u2019 value on the account statements of clients. The SRO, which wants to give investors more transparency in regards to the actual value of such investments, has been trying to modify its rules about […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3759],"tags":[],"class_list":["post-5453","post","type-post","status-publish","format-standard","hentry","category-finra","category-reits"],"yoast_head":"\nFINRA Plan May Dramatically Change The Way Brokerage Firms Report On Nontraded REITS & Other Illiquid Investments on Client Statements — Investor Lawyers Blog — April 28, 2013<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority\u2019s board of governors has a plan that could radically modify the way brokerage firms report illiquid — April 28, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, 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