Series 28: Department Decision

Department Decision

In evaluating a change in ownership or business operations application, FINRA’s Department of Member Regulation must determine whether the applicant would continue to meet the standards for FINRA membership.

More specifically, in evaluating an application for the modification or removal of a membership agreement restriction, FINRA must also consider whether keeping the restriction is appropriate in light of:

• • The circumstances that initially gave rise to the restriction
• • The