In the aftermath of FTX’s collapse last week, the Financial Industry Regulatory Authority (Finra) announced that it has launched targeted examinations seeking information from broker-dealers on their retail communications regarding cryptocurrencies. The regulator stated in an exam notice published on Finra’s website that it is conducting exams “concerning crypto asset products and services.” The exams, which began on November 14, will focus on approximately 20 firms that will be asked to “provide all retail communications” regarding crypto assets or services used to trade or hold those assets.
