What FINRA Rule 3120 (Supervisory Control System) requires
FINRA Rule 3120 (Supervisory Control System) is a rule of the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization for U.S. broker-dealers overseen by the U.S. Securities and Exchange Commission. Each member shall designate and specifically identify to FINRA one or more principals who shall establish, maintain, and enforce a system of supervisory control policies and procedures that: test and verify that the member's supervisory procedures are reasonably designed to achieve compliance with applicable securities laws and regulations and FINRA rules, and create additional or amend supervisory procedures where the need is identified by such testing and verification. This node operationalises each obligation of FINRA Rule 3120 into a deterministic verification workflow, with every obligation quoted verbatim from and traceable to the rule text at https://www.finra.org/rules-guidance/rulebooks/finra-rules/3120 (most recently amended by SR-FINRA-2013-025 effective December 1, 2014).
Pillar: Banking & Global Finance · Authority: Financial Industry Regulatory Authority (FINRA) · Version: 1.0.0 · Last updated:
Primary source: https://www.finra.org/rules-guidance/rulebooks/finra-rules/3120
SHA-256 integrity: d8bc83699b0d75d27c45ab253c5d59dfd75e17d604678abf05acfeb2c2a711bb
Primary Citations — 10 traced to source
- FINRA Rule 3120(a): 'Each member shall designate and specifically identify to FINRA one or more principals who shall establish, maintain, and enforce a system of supervisory control policies and procedures'
- FINRA Rule 3120(a)(1): 'test and verify that the member's supervisory procedures are reasonably designed with respect to the activities of the member and its associated persons, to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules; and'
+ 8 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/finra-3120-supervisory-control-system.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/finra-3120-supervisory-control-system.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/finra-3120-supervisory-control-system
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