FINRA to Upgrade Registration System

“The CRD is an important tool for the financial services industry, regulators, and investors. We applaud FINRA for undertaking this initiative to upgrade the system’s operations,” said Joseph Borg, President of the North American Securities Administrators Association (NASAA) and Director of the Alabama Securities Commission.

The CRD system moving to the cloud is part of a larger move by FINRA to move data to the cloud.[5]

“Today, FINRA has more than 30 petabytes of data in the cloud—or about 60 million years’ worth of MP3 music. With the cloud, FINRA has been able to build a massive data lake that allows its regulatory staff to conduct business more efficiently and more effectively than ever.” FINRA said in promoting another podcast.

FINRA, or the Financial Industry Regulatory Authority, was formed in 2007, when the regulatory arms of the NASD and the NYSE merged.

References

  1. ^ FINRA’s (theindustryspread.com)
  2. ^ Unscripted (www.finra.org)
  3. ^ FINRA (theindustryspread.com)
  4. ^ FINRA said in a press release at the time. (www.finra.org)
  5. ^ FINRA to move data to the cloud. (www.finra.org)

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