Project 2025 Tracker / What’s done, what’s next

27. Financial Regulatory Agencies · Minor

Open FINRA board meetings, agendas, minutes, and rulemakings to the public

Not started

835 27. Financial Regulatory Agencies

“FINRA’s Board of Governors meetings be open to the public unless the board votes to meet in executive session. … FINRA’s Board of Governors’ agenda be made available to the public in advance. … Board minutes describing actions taken be published without delay. … FINRA make available to the public in advance rulemakings that the FINRA board is expected to consider.”

What has happened

  1. Not started

    FINRA's Board of Governors meetings, agendas and minutes are not open or published in advance, and nothing in the window changes that. Every FINRA governance change reaches the public through a proposed rule change filed with the SEC and published in the Federal Register, and no such filing in the window concerns board meeting transparency: the FINRA filings of the window are about fee schedules, communications with the public under Rule 2210, IPO allocation exemptions under Rules 5130 and 5131, capital acquisition brokers, and Rule 8210. A Federal Register full-text search for "open to the public" restricted to SEC rules and proposed rules returns zero. The SEC's whole active Unified Agenda has no SRO-governance entry, and no bill of the 119th Congress imposes open-meeting obligations on FINRA.

    No action found yet. This entry is the starting point, not a finding.

Research log

What was searched, and what didn’t count as evidence

Research notes

  • The instrument for any of the four asks — open board meetings, advance agendas, prompt minutes, advance publication of rulemakings the board will consider — would be either an amendment to the FINRA By-Laws filed with the SEC under Exchange Act section 19(b) and published in the Federal Register, or a statute. Neither exists.
  • Queries. Corpus: every Federal Register notice naming the Financial Industry Regulatory Authority was filtered for Governance|By-Laws|Board|Transparen|Public — ten documents, all about IPO allocations, communications with the public, or the Schedule A fee implementation schedule. Federal Register full text since 2025-01-20: "FINRA By-Laws" → 37 documents, all fee or statutory-disqualification filings; "open to the public" restricted to SEC rules and proposed rules → 0. bills.ndjson was grepped for FINRA, self-regulatory and arbitration: nothing.
  • The SEC’s full active Unified Agenda (42 RINs, reginfo.gov, 2026 publication) has no entry on self-regulatory organization governance.
  • Adjacent leads, both already recorded elsewhere in this chapter: H.R. 2689 would transfer registered national securities associations’ authorities to the SEC (referred 2025-04-07, #2126), and S. 3935 would restructure the Municipal Securities Rulemaking Board (referred 2026-02-26). Neither opens a board meeting.
  • FINRA’s own website is not on the evidence allowlist, so what its Board publishes voluntarily could not be checked as Evidence; the negative here is about the federal record.
Action
other
Object
FINRA Board of Governors meetings, agendas, minutes, and proposed rulemakings
ID
2167