FIF News

New Member Firm: D.A. Davidson

FIF is pleased to announce that D.A. Davidson has joined the FIF Community.

Posted Apr 05, 2019

FIF Forms New Working Group on Tax Information Reporting

FIF is forming a Tax Information Reporting Working Group.  The purpose of the working group will be to discuss recommendations and process improvements related to:  1) leveraging new and evolving technology to revise tax reporting processes; 2) industry best practices, 3) increasing tax reporting efficiencies; and 4) recommendations/best practices related to tax reporting including:

  • Form 1099;
  • From 1042-S (including applicable withholding processes required under 1099, NRA, and FATCA);
  • Form 2439;
  • B-Notice and TIN Matching
  • Pension/IRA related forms;
  • State Information reporting and withholding;
  • Collection and processing of client data;
  • IRS Policies, pending legislative, regulatory proposals, and updates. 

This working group will be co-chaired by Jean Saladino and Jennifer Kemper of Scivantage. If you are interested in joining this working group, please update your profile here.  We will hold our first meeting on Thursday, April 25 @ 11:00 am et.

Posted Mar 25, 2019

FIF Holds First Meeting on FINRA Rule 4370

FIF held its first meeting on FINRA Rule 4370 (BCP) last Wednesday. FIF briefly reviewed FINRA’s request for comment on FINRA Rule 4370 and began to elicit feedback and comments focused on the eight discussion questions provided by FINRA.  FIF will be submitting comments based upon feedback provided by our members.   If you would like to join this subgroup, please send us email us at 

Posted Mar 18, 2019

FIF Attends an Event on US Equities Markets

This past week, FIF representatives attended talks with SEC Chairman Jay Clayton and Markets Director Brett Redfearn at Fordham University.  The event, aptly named: U.S. Equity Markets: Looking Back and Moving Forward, focused on the equity markets of 2018 and what initiatives the Commission will pursue in 2019. A few of the topics discussed included: Market Data Access, Retail Fraud, Thinly-Traded Securities, The Transaction Fee Pilot, and Reg ATS-N.  To read a transcript of the discussion, please click here.

Posted Mar 11, 2019

FIF to Form a Subgroup on FINRA’s Business Continuity Plans

FINRA has recently issued a notice requesting comment on FINRA Rule 4370 (Business Continuity Plans and Emergency Contact Information) as part of their retroactive rule review program.  FIF is forming a subgroup to review FINRA Rule 4370 with the intent submitting several recommendations.  FIF will hold the first meeting on Wednesday, March 13 @ 11:00 am.  If you would like to join this subgroup, please send an email to

Posted Mar 04, 2019