FINRA Regulatory Notice 25-04: Reimagining the Modern Workplace and Capital Formation Rules

FINRA is seeking public comment on a sweeping modernization initiative that will reshape regulatory obligations for member firms and associated persons in light of today’s evolving business models and technologies.

This notice marks the beginning of a broad review focused on:

• Modern Workplace: Addressing compliance rules for remote work, branch office designations, electronic communications, and recordkeeping.
• Capital Formation: Streamlining requirements for capital acquisition brokers, research reports, and other processes that impact capital raising.

Comment Period Deadline: May 12, 2025

This is a rare opportunity for firms to provide feedback on how outdated regulations impact operations—and help FINRA shape a future-ready regulatory framework.