Thursday, April 25, 2013

FINRA E-Pay Account is changing

IARD System will soon replace FINRA E-Pay

For those of you that share my discontent with the FINRA systems, please read on...

FINRA recently implemented a new payment hub inside the IARD system. Super Account Administrators (and those granted access by the SAA) will soon be able to make payments in the system at This is the same access point to manage the user access for your IARD/CRD accounts, including the annual SAA Certification.

The E-Pay system remains open through May 17, 2013 for payments into the Daily Account. We will continue to update you as they complete this upgrade.

Below is the text you may have received from FINRA:

As the Super Account Administrator for your investment adviser firm, you should be aware of these changes to your firm's CRD/IARD Daily Account: (1) the account has a new name, the FINRA Flex-Funding Account; and (2) the method for making electronic (ACH) payments to fund your firm's account is also changing. FINRA's E-Bill system is now available to fund your firm's Flex-Funding Account (CRD/IARD Daily Account). The E-Bill system will soon become the only means for making ACH payments (check and wire payments will still be accepted) to fund your firm's Flex-Funding Account (CRD/IARD Daily Account). As the SAA, you have the ability to entitle yourself as a user to the new application, update existing accounts and/or create new accounts with this new application. Users will be required to provide bank account information the first time they use E-Bill to submit ACH payments.

Firms may continue to use the existing electronic payment application link to Web CRD/IARD E-Pay until June 17, 2013, at which time it will be replaced by a link to E-Bill in Web CRD/IARD. In preparation and to ensure your firm's continuous ability to make electronic payments, FINRA recommends you use this period to notify users who are responsible for funding your firm's CRD/IARD Daily Account to allow them to transition from using Web CRD/IARD E-Pay to E-Bill's FINRA Flex-Funding Account.

If you have questions regarding this email, please contact the IARD Call Center at (240) 386-4848 or send an email to Thank you.

REMINDER - Brochure Delivery (4/30/13 Deadline!)

Don't forget to DELIVER your ADV2A ("Disclosure Brochure") and the ADV2B ("Brochure Supplements")

RIAs must deliver to all clients their disclosure brochure (ADV2A) and the brochure supplements for each advisory person providing advice to the client.

DEADLINE: 120 days following the fiscal year end. If you have a December fiscal year end, the deadline is April 30, 2013.

Tuesday, April 23, 2013

NJ Securities Division - 2013 Written Examination

It's that time again. The New Jersey Bureau of Securities recently released its annual investment adviser examination questionnaire.

The questionnaire must be completed and submitted by May 9, 2013.

New this year, the 2013 NJ Questionnaire must be submitted electronically through the division's website. No mailed or emailed submissions will be accepted and will be considered deficient.

Instructions and a link to the examination can be found here: 2013 New Jersey Adviser Examination Instructions.

NOTE: Advisers are cautioned that they will be unable to save modified web forms, and are therefore urged to first print and complete by hand a copy of the sample examination found in Addendum A of the instructions. Documents that must be attached to the application should likewise be prepared in advance.