Nasdaq MRX Relays New FINRA Fees to Outsiders
Published Date: 1/20/2026
Notice
Summary
Nasdaq MRX is updating its fee list to show new FINRA registration and fingerprinting fees for employees of MRX members who aren’t FINRA members. These fee changes started on January 1, 2026, but Nasdaq MRX doesn’t keep the money—it just shows the updated fees. If you’re part of MRX but not FINRA, this affects you and your wallet!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Tiered FINRA System Processing Fee
If you work for an MRX member firm but are not a FINRA member, the FINRA Annual System Processing Fee that appears on MRX's Pricing Schedule will change effective January 1, 2026. The fee is listed as $70 for registration with 1-5 securities regulators, $95 for 6-20, $110 for 21-40, and $125 for 41 or more regulators. The Exchange is only listing these FINRA fees and does not collect or retain the money.
Higher Continuing Education Fee
If you are required to complete FINRA continuing education and you work for an MRX member firm but are not a FINRA member, the Continuing Education Regulatory Element Session Fee listed on MRX's Pricing Schedule increases effective January 1, 2026 from $18 to $25. The Exchange will list this $25 fee but will not collect or retain it.
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